The Rise of Blockchain and Cryptocurrency

The Rise of Blockchain and CryptocurrencyThe Rise of Blockchain and CryptocurrencyFINANCE OF THE FUTURETHE RISE OF BLOCKCHAIN AND CRYPTOCURRENCYHOW COMMON DO YOU THINK CRYPTOCURRENCY WILL BECOME FOR BUSINESS TRANSACTIONS IN THE NEXT FIVE YEARS?13% Not common at all18% Very common37% Not very common32% Somewhat commonBY COMPANY SIZE20-49 50-99 employees 100-249 employees250-499 employees 500-999 employees1,000+ employeesVery common14% 23% 21% 37% 45% 32%Somewhat common28% 37% 44% 38% 38% 36% Not very common42% 30% 31% 17% 16% 27%Not at all common17% 10% 4% 8% 2% 6%Responses may not total 100 percent due to rounding.HOW DO YOU THINK THE RISE OF CRYPTOCURRENCY AND BLOCKCHAIN TECHNOLOGY WILL AFFECT ACCOUNTING AND FINANCE DEPARTMENTS?36% Staff will need to expand skill sets to adapt for new accounting and finance technologies34% It will increase the need for specialized accounting (e.g., tax and forensic accounting)30% There will be more cross-departmental collaboration with IT29% It wont impact accounting and finance until it becomes government-regulated9% No impact at all1% OtherMultiple responses permitted