MICHAEL REUTER

Faced with the immi­nent Wire­card account­ing scan­dal, and an appar­ent lack of dili­gence by audit firms, reg­u­la­to­ry bod­ies, and the gov­ern­ment have real­ized that finan­cial account­ing must be improved sig­nif­i­cant­ly. How­ev­er, pre­vi­ous improve­ments in finan­cial account­ing were aimed at an inten­si­fi­ca­tion of finan­cial con­trols that, in turn, led cor­po­ra­tions to inten­si­fy their inter­nal book­keep­ing cre­ativ­i­ty, and, con­se­quent­ly, to lim­it­ed pos­i­tive results. How­ev­er, we need some­thing dif­fer­ent: We need Trace­able Account­ing ‑Blockchain-based auto­mat­ed real-time