Blockchain auditing

As the foundation for Bitcoin, Ethereum and numerous other programs, blockchain has grown in popularity in business. It has fuelled change in the banking, healthcare, food and gaming industries. Because blockchain technology is so widely used it is crucial to check and fix potential security issues, which is why blockchain auditing was created. Blockchain technology is certain to impact the accountancy profession, and the Institute of Chartered Accountants for England and Wales has produced a report outlining how it sees this technology impacting on its industry. However, blockchains themselves need auditing in order to assess a blockchain's functionality, security and compliance with industry standards. This entails a detailed examination of the blockchain's architecture, design and code to ensure that everything works as it is intended to and is free from flaws or vulnerabilities. There will be a growing demand for organisations to offer blend of specialist experienced auditors who …