Blockchain and the CFO

Research Overview

Author: Iliana Oris Valiente
Release Date: September 2, 2020

Abstract:

Within each industry, distributed ledger technology is influencing the value chain and the role of a CFO. This project outlines why the CFO, as the CEO’s business partner, should understand blockchain’s impact on enterprise strategy, not just on corporate finance, capital investment, and operations. It shows how blockchain could catalyze change in the near term, with finance use cases in taxation, accounting and audit processes and in digital asset payments for consumer goods, employee payroll, and cross-border transactions. In the longer term, CFOs will help make the business case for blockchain applications in trade finance, supply chain financing, and insurance. To prepare for that future, CFOs must understand token economics, initial coin offerings, and blockchain-based analytics.

Copyright 2020 Blockchain Research Institute – not for distribution

Blockchain and the CFO

Related Content

The Innovation Dilemma of Distributed Ledger Technology

The value of blockchain innovation comes from outward-looking strategies that benefit from broad collaboration across an ecosystem, especially around standards. But the legacy systems and processes of the automotive industry tend to favor incremental change over bold transformation. Without reliable estimates of eventual returns, many automakers have hesitated to invest in open experimentation. This new paper provides a framework for understanding the potential of distributed ledger technologies in mobility and transportation. It presents two dozen of most important blockchain use cases for automotive in three categories—enterprise operations, new products and services, and customer engagement—with vehicle-oriented decentralized applications such as vehicle-to-vehicle communication, digital vehicle passports, parts provenance ledgers, and usage-based insurance, plus open charging stations and smart grids for electric vehicles. This fresh thinking and analysis comes from Accenture, Blockwall, and Blockchain Research Institute Europe. © 2022 Accenture. All rights reserved. Republished here with permission.

Read More

Platforms for Sustainable Food Production

This brief shows how blockchain technologies, combined with mobile access to drones, sensors, satellite imagery, artificial intelligence, the Internet of Things, and other innovations, can secure our global food supply, one farm at a time. The solutions it explores focus on topsoil to mitigate the harmful effects of chemicals, aggressive tillage, monocultural crops, and climate change. The goal is to give smallholders—often the poorest farmers with less than two hectares of land in jurisdictions hardest hit by environmental and humanitarian crises—the tools and training they need for sustainable food production, transforming the long-term viability of their businesses and the future of their families in the process.

Read More
Subscribe