Much of the universe's water is produced as a byproduct of star formation. The formation of stars is accompanied by a strong outward wind of gas and dust. When this outflow of material eventually impacts the surrounding gas, the shock waves that are created compress and heat the gas. The water observed is quickly produced in this warm dense gas.
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What is reality?
In my humble point of view just an itty bitty accident. Whatever the universe may be we are just it expiriencing itself. The brain just processes our surroundings and that we call life. There are physical laws that have to be followed so if you`d simulate the big bang a million times the outcome would be always the same. Everything that is going to happen already happened. Time is just an illusion and a way for our brains to process everything.
I am scared and sad, yet i don`t know why.
I hope you guys are doing well.
I have been in programming since 1990. There was a period when I didn’t program anything for a few years, but I still kept a “hand on pulse” and observe what was going on in the world. At that time, the inscription "4th Industrial Revolution" came to my attention, which intrigued me and became an object of observation. I have been following the events of the 4th Industrial Revolution for many years and the further I go, the more fascinated I am by what awaits us in the near future, and a lot of things are happening right now. I wrote a little bit about it in my previous post. Today, I want to share my vision of what corporate accounting might look like in the near future.
The three areas of the 4th Industrial Revolution will, in my view, completely change accounting as we see it today:
2. Artificial Intelligence (AI) and Machine Learning (ML)
3. Internet of Things (IoT)
In today’s post, I’ll touch on Blockchain’s influence, and next week I’ll talk about AI, ML and IoT.
Many people, and maybe even the vast majority, think of Blockchain, it’s Bitcoin, or some sort of crypto currency. No. Blockchain is a technology, and crypto currency is a product created with the help of that technology.
This technology is revolutionizing data storage by eliminating third parties such as notaries, brokers and so on. Certain countries use it to sign cadastral contracts (avoiding notaries). Many companies use this technology to transfer batch data for products such as coffee (eliminating brokers), and so on. There are many areas of application.
But when this technology comes into use at the state level, I mean State Tax Inspectorate (STI), Social Insurance Inspectorate, Registry center and so on, then the management of business processes will change, one of which is accounting.
You come to the store and buy stationery supplies for your company. The cash register of the store is connected to the STI blockchain system, which records the transaction, it is the purchase of your goods and the sale of the seller’s goods.
An accounting company (like Virtualus buhalteris), which provides you accounting services is connected to the STI blockchain network. After the transaction, the data is received by STI, accounting services company and your company’s ERP system as it is also connected to this STI blockchain network.
You will not need to print a cashier's check, invoice and hand them over to an accountant. The accountant will not need to enter them into his accounting system, as the data will be available from the STI blockchain, where the transaction is recorded.
This saves time, eliminates the possibility of errors and, most importantly, reduces the cost of accounting services for you.
Blockchain is like a huge, highly secure, database that stores all transactions. All tax reports and other documents will be submitted at the click of a button, as all data will already exist in the blockchain.
Many of you will say that the state will see everything and that way it will collect more taxes. Yes, I agree with that, but the talk is not about that. Whether we like it or not, progress will not stop. We can only adapt by adapting to it and use it to achieve our goals.
In the next post, I will share my thoughts on how artificial intelligence affects accounting.
In the meantime, what do you think about how block chains can affect your business?