FINANCE OF THE FUTURE
THE RISE OF BLOCKCHAIN AND CRYPTOCURRENCY
HOW COMMON DO YOU THINK CRYPTOCURRENCY WILL BECOME FOR BUSINESS TRANSACTIONS IN THE NEXT FIVE YEARS?
| 13% Not common at all |
| 18% Very common |
| 37% Not very common |
| 32% Somewhat common |
BY COMPANY SIZE:
| 20-49 | 50-99 employees | 100-249 employees | 250-499 employees | 500-999 employees | 1,000+ employees | ||
|---|---|---|---|---|---|---|---|
| Very common | 14% | 23% | 21% | 37% | 45% | 32% | |
| Somewhat common | 28% | 37% | 44% | 38% | 38% | 36% | |
| Not very common | 42% | 30% | 31% | 17% | 16% | 27% | |
| Not at all common | 17% | 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 technologies |
| 34% It will increase the need for specialized accounting (e.g., tax and forensic accounting) |
| 30% There will be more cross-departmental collaboration with IT |
| 29% It won’t impact accounting and finance until it becomes government-regulated |
| 9% No impact at all |
| 1% Other |
Multiple responses permitted
Source: Robert Half Finance & Accounting survey of more than 2,000 U.S. finance leaders
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