Digital Contracts Using Ethereum: A Revolution in Accounting
Abstract
The present article explores the transformative impact of smart contracts based on Ethereum's blockchain technology in the accounting field. It analyzes the fundamental characteristics of Ethereum, including its ability to execute automated contracts that ensure transparency, security, and immutability of transactions. Furthermore, the advantages of using digital contracts compared to traditional methods are discussed, such as cost reduction, efficiency in executing agreements, and minimizing the risk of fraud. The article also addresses the challenges and legal implications associated with the adoption of this technology in the accounting sector, as well as the potential of smart contracts to enhance trust and collaboration among the parties involved. Finally, it presents a perspective on the future of accounting in an environment where digital contracts are becoming increasingly common, highlighting the need for adaptation by accounting professionals to fully leverage this innovation.
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