In an interesting development, A research paper entitled โBlockchain: **An Emerging Solution for Fraud Prevention**,โ the two professors from the Southwestern University of Finance and Economics believe that Blockchain can also be used to provide infrastructure for an accounting information system to secure data within a transparent, efficient and immutable ecosystem. According to research conducted by [India based body](http://www.indiaforensic.com) the losses due to frauds are more than $40 billion to an economy like India. For China the losses are much more.
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| author | maochitse | ||||||
| permlink | fraud-prevention-with-the-help-of-block-chain-2017713t191328172z | ||||||
| category | blockchain | ||||||
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Interesting article. Fraud is such a huge issue! Keep us posted. Thanks.
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| author | teddifer |
| permlink | re-maochitse-fraud-prevention-with-the-help-of-block-chain-2017713t191328172z-20170713t134954350z |
| category | blockchain |
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| permlink | re-teddifer-re-maochitse-fraud-prevention-with-the-help-of-block-chain-2017713t191328172z-20170713t135233629z |
| category | blockchain |
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@maochitse its a good practice to create awareness about the frauds related to blockchain and bitcoins. You can refer http://www.acfap.com to understand more about the new profession called Forensic Accounting. The Association of Certified Forensic Accounting Professionals speaks about various fraud schemes. It is a global forensic accounting body. Keep posting your fraud related thoughts on this platform. Lets create awareness about frauds together on steemit
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| permlink | re-maochitse-2017719t1917925z | ||||||
| category | blockchain | ||||||
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