7th February 2024 Digital Bytes

Blockchain auditing - questions posed in this article include: How does blockchain auditing impact the evolving landscape of technology and security in various industries? What role does it play in enhancing security, reducing costs and building trust? In the complex and distributed nature of blockchain, how can auditors effectively address challenges and ensure the integrity of transactions? As blockchain technology continues to grow, what knowledge and skills are essential for auditors to navigate the intricacies of cryptocurrency, cryptography and consensus algorithms? And, can blockchain audits truly keep up with the pace of innovation and evolving regulatory frameworks?

Distributed ledger technology (DLT) vs blockchain technology - whilst blockchain is a specific form of DLT that records transactions in blocks with a secure structure, DLT encompasses various technologies for synchronized data across multiple entities. So, as the foundational technology, how does DLT enable concurr…