The spread and use of blockchains

Abstract

Much attention and hype has surrounded the potential for blockchain technology to disrupt accounting processes. Mentions of this technology in companies’ 10-K forms filed with the SEC have increased dramatically over the past few years, but are still uncommon. Very few companies appear to have successfully adopted blockchain technology into their operations. A survey of 10-Ks reveals that although several companies are investigating blockchain use, many are skeptical about whether the technology will provide future profitable business and investment opportunities.