Your business might not need to use blockchain just yet. However, this technology may soon play a greater role in many industries.
The Financial Accounting Standards Board (FASB) has issued a new Accounting Standards Update, ASC 606: Revenue from Contracts with Customers, that addresses revenue recognition under U.S. Generally Accepted Accounting Principles. The new rules are an attempt to standardize the revenue recognition process across different industries and geographic locations. The Standard was the result of a[ … ]