The CFA Institute published a blog debunking myths around blockchain and XBRL, noting:
“The myth that blockchain could replace XBRL in the production of financial information is incorrect. Blockchain is not a data standard. And XBRL is not a distributed ledger system. Replacing one with the other would be like replacing the English language with an iPhone.“
Read the full blog.
Read the CFA Institute paper BLOCKCHAIN TECHNOLOGY FOR CORPORATE REPORTING: AN INVESTOR PERSPECTIVE