A Summary of the Application of Block Chain in Accounting and Finance System

Abstract

Block chain is the most popular technology in the field of Internet finance, which has brought profound changes to the financial industry. Based on the principle of block chain technology and the business activities of enterprises, this paper combines block chain technology with accounting and financial system, solves the problems of traditional accounting processing, such as many links, long time-consuming and high financial risk, simplifies the cumbersome procedures of accounting processing, and improves the accuracy of accounting information, promotes the standardization and standardization of accounting and accounting letters and comparability and fairness of interest rates.