Blockchain, Artificial Intelligence And Financial Services: Implications And Applications For Finance And Accounting Professionals

Future of Business and Finance Sean Stein Smith Blockchain, Artificial Intelligence and Financial Services Implications and Applications for Finance and Accounting Professionals Future of Business and Finance The Future of Business and Finance book series features professional works aimed at defining, describing and charting the future trends in these fields. The focus is mainly on strategic directions, technological advances, and challenges and solutions which will affect the way we do business tomorrow. We also encourage books which focus on the future of sustainability and governance. Mainly written by practitioners, consultants and academic thinkers, the books are intended to spark and inform further discussions and developments. More information about this series at http://www.springer.com/series/16360 Sean Stein Smith Blockchain, Artificial Intelligence and Financial Services Implications and Applications for Finance and Accounting Professionals Sean Stein Smith Lehman College, CUNY Bronx, NY, USA ISSN 2662-2467     ISSN 2662-2475 (electronic) Future of Business and Finance ISBN 978-3-030-29760-2    ISBN 978-3-030-29761-9 (eBook) https://doi.org/10.1007/978-3-030-29761-9 © Springer Nature Switzerland AG 2020 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors, and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland This book is dedicated to my family, who continuously support and encourage me in all of my professional and academic endeavors. Contents Part I Definitions, Overview & Information for Practitioners 1 Foreword & Introductory Information����������������������������������������������������   3 2 The Changing Accounting Landscape ����������������������������������������������������  15 3 Cryptocurrencies & The Financial Services Landscape������������������������  35 4 Consensus Methodologies��������������������������������������������������������������������������  47