Blockchain Accounting Services - Harshwal & Company LLP

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Welcome to Harshwal Company LLP
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Blockchain Accounting
The blockchain is a decentralized, append-only
transaction ledger from which previously stored
blocks of data cannot be edited, adjusted or
changed. Many of those who are excited about
blockchain technology refer to it as an
immutable ledger, which means a tried and true
digital bookkeeping method that eliminates many
of the types of error or ambiguity in more
traditional systems.
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Blockchain as technology is a database that is
distributed across a network of computer nodes.
All transactions are checked for validity by the
nodes in the network then stored on a block with
a unique code called a hash. Every block also
stores the hash of the previous block in the
chain. Hash codes connect blocks in a
time-stamped manner to create a blockchain.
Because each new block is built from the
verification of previous blocks, it becomes
impossible to change or tamper with information
recorded.
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The blockchain is consensus-driven a vast number
of computers are interconnected within its
network, and each time any block is added to the
blockchain, it is public throughout the entire
network. To minimize fraudulent transactions, a
mathematical problem is attached to each newly
processed transaction to be solved. Each computer
that is connected to the network must agree with
this solution in order to make a transaction
successful.
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Why Blockchain Accounting
The first time anyone would have heard about
blockchain technology would have been in the
context of Bitcoins. Blockchain plays a critical
role in the development of Bitcoin
cryptocurrencies. The technology is inherently
tied to the way that Bitcoin and other
cryptocurrencies work. But in the era of
cryptocurrency 2.0, blockchains utility has
also been diversified.
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• Apart from Cryptocurrency, blockchain accounting
  has immediate relevance to banking regulations,
  (P2P) Payment Platforms Payment modes (where
  blockchain can mean eliminating mediators), bank
  operations, medical records and other types of
  sensitive data handling. The blockchain is
  designed in such a way that everyone is in
  charge, there is complete transparency, everyone
  knows the status of a transaction, and no one can
  make changes to the accounts.

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With firms like Deloitte, PWC, and KMPG adopting
blockchain accounting, here is why you should be
next in line to receive blockchain accounting and
audit services from us
Integrity Blockchain accounting provides two
crucial advantages in the accounting profession
Immutability and Transparency Harshwal helps to
increase the integrity of various financial
organizations.
Reduced Errors/Fraud Blockchain accounting is
100 secure, and when the data is entered into
blocks, smart contracts handle many accounting
functions automatically, thus reducing human
errors. Blockchain accounts are unchangeable, and
cannot be penetrated, thus reducing the chances
of fraud.
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No Tampering with Records Each record in
blockchain accounting is stored in a block and is
encrypted, and each entry is stamped and dated
automatically. A digital signature can be used to
check that no record has been tampered with or
altered after it is entered. We closely monitor
all the entries on behalf of our customers to
ensure that their blockchain Accounting System is
working fine.
Security In blockchain accounting, data or
records are entered in a shared or distributed
ledger, which can be made available to all the
concerned members. In this case, accountants,
regulators, auditors, and clients would each have
an identical copy of the portion of their
records. HCLLP monitors all the transactions done
under blockchain, and we also help a user to
establish proper blockchain accounting systems.
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Why Choose Harshwal
Harshwal can help to provide the easiest and most
efficient way to maintain your accounts or
ledgers in Blockchain, without the risk of data
tampering, and can provide for a durable
framework for keeping track of the assets. Over
the last few years, interest in blockchain has
been in full swing Google also admits that
request for blockchain technology services has
seen a significant increase. At Harshwal, we can
help your company to harness the power of
blockchain for cutting-edge results!
Contact Us Today!
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Contact Us For Expert Assistance
BAY AREA 7677 Oakport Street Suite 460 Oakland,
CA 94621 Phone [phone]
NEW MEXICO 6739 Academy Road NE, Suite 130,
Albq, NM 87109 Phone [phone]
SOUTHERN CALIFORNIA 16870 W. Bernardo Drive,
Suite 250, San Diego, CA 92127 Phone
858-939-0017
Mail us info_at_harshwal.com
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Thanks for your interest in our Harshwal
Company LLP Blockchain Accounting Services, we
will be pleased to help you our with your
business needs.