The Impact Of Blockchain Technology Implementation On Corporate Financial Management

Block chain accounting is a new topic in recent two years.Previous studies are few and mainly discussed at the theoretical level.In recent years,the application of "Block Chain" technology in financial management related fields has also raised the attention.In 2016,Deloitte Financial Management Company launched the first "Deloitte Block Chain Laboratory in Europe,Middle East and Africa",and they hope to bring this new technology into the real world as soon as possible.With the in-depth study of "block chain" technology,this technology will not only be applied to finance,logistics,asset management and other fields,but will be more widely used in all walks of life,which may change the future financial operation mode and management mechanism of enterprises.Therefore,this paper will start with the characteristics of "block chain" technology to analyze the impact of its wide application on Alibaba's financial management.On the basis of introducing the principle of block chain technology and Deloitte Rubix platform,combined with Alibaba's economic business activities,this paper compares the accounting application scenario of its new model with that of traditional accounting model,simulates the circulation process of accounting information generation,storage,transmission and processing,and compares the pre-processing of accounting for economic business.After that,it demonstrates the impact of block chain technology on accounting work in practical application,and discusses the impact from Alibaba's cross-border payment,accounting,data storage and business auditing.Finally,the paper summarizes and analyses the positive and negative impacts of block chain financial system on Alibaba,and puts forward corresponding strategic plans.This paper holds that the financial system based on block chain technology can simplify the accounting process,reduce the time and manpower cost of accounting work;its distributed encrypted storage can enhance the transparency of accounting data,improve the accuracy and objectivity of accounting information,and help enterprises to implement efficient real-time audit and automatic audit.?The article holds that the accounting industry should seize the opportunity,actively explore the application of block chain technology in the industry,and use advanced technology to promote the development of the industry.The innovation of this paper is embodied in:this paper relies on Rubix,a well-known block chain platform of Deloitte,which is applied by Alibaba,to carry out research,and has authoritative case projects to promote the application and analysis of the block chain financial system in the article to be more practical and reasonable;secondly,this paper innovatively differs from financial management payment,accounting,storage,auditing and so on.Starting from the business module,combined with the application scenario of Rubix block chain financial system in Alibaba,this paper explores the revolutionary impact of block chain on the financial management industry through micro-analysis of the specific work of financial management business.