Thanks for a great Analytics and Data Summit 2019 event. We hope to see you next year Feb 25-27, 2020!
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Wednesday, March 13 • 11:40am - 11:55am
Blockchain: An Opportunity to Improve Financial Reporting

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In the years since its creation, blockchain has shown its promise in disrupting how industries handle transactions. In this presentation, we seek to show how blockchain and smart contracts are more than technologies for recording and ensuring exchange of value between two parties. These emerging technologies represent a way to strengthen the controls over reporting for financial information exchanged between a company and its shareholders. This presentation discusses the use of smart contracts in a revenue recognition and supply chain context. Proposed is an application in which smart contracts record financial data in an immutable blockchain ledger when all requirements for recognition are met. A model for corporate governance will highlight how the use of this technology can provide accurate financial information, strengthening the foundation for investor confidence in capital markets.

avatar for Jacob Lewtan

Jacob Lewtan

Jacob Lewtan graduated with a Master’s of Accounting from Bryant University in 2018. Through the duration of his Master’s program he grew an interest in how to ensure the integrity of financial data. Working with Dr. Saeed Roohani, Jacob authored a research paper detailing how... Read More →

Wednesday March 13, 2019 11:40am - 11:55am PDT
3-Rm 104