The Rise of Blockchain and Cryptocurrency

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By August 14, 2018 at 12:32am

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

© 2018 Robert Half Finance and Accounting. An Equal Opportunity Employer M/F/Disability/Veterans.

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