The Influence of Block Chain Technology on Cost Management

Abstract

Block chain technology can bring innovation and change to the cost management of enterprises, help enterprises to establish a “decentralized†cost management information system, optimize various types of costs and enhance enterprise value. After reviewing the research on cost management under block chain technology, this paper explores the impact of block chain technology on enterprise cost management, and discusses the impact of block chain technology on cost and its structure, cost management mode, method, prediction, control, accounting report, assessment and evaluation. Although the application of block chain technology is not mature at present, its development prospects can greatly improve the accuracy and breadth of enterprise cost management, but also can promote the comprehensive ability of financial personnel.