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As long as humans have been keeping records, there’s been a need to automate. In the early 1980s, general purpose accounting systems started to achieve traction in the market, allowing businesses to have a single piece of software as their master accounting record. But the idea of an “industry-agnostic” system that can be customized to enable accountants to take any type of unstructured financial data and make sense of it, remains largely the same. Blockchains will accelerate accounting automation, meaning less accountants and more transactions.