{"id":34734,"date":"2016-09-20T07:05:23","date_gmt":"2016-09-20T06:05:23","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=34734"},"modified":"2016-09-20T07:05:23","modified_gmt":"2016-09-20T06:05:23","slug":"is-blockchain-becoming-tax-haven-friendly","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/09\/20\/is-blockchain-becoming-tax-haven-friendly\/","title":{"rendered":"Is blockchain becoming tax haven friendly?"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.ft.com\/cms\/s\/0\/f5cd6754-7e83-11e6-8e50-8ec15fb462f4.html#ixzz4KlzCpyDW\" target=\"_blank\">FT reports this morning<\/a> that:<\/p>\n<blockquote><p>Accenture is courting controversy in the blockchain community by patenting a technique for editing information stored using the nascent technology in a move designed to make it more commercially viable.<\/p>\n<p>By allowing a central administrator to amend or delete information stored on a blockchain, the consultancy says that its prototype \u2013 to be unveiled on Tuesday \u2013 will make the technology more attractive to the financial services industry.<\/p><\/blockquote>\n<p>The supposed advantages of the blockchain are that it is transparent and unalterable.<\/p>\n<p>Accenture want to make it opaque and editable.<\/p>\n<p>Now why would they want to do that, I wonder? Could it just be that the blockchain is being adjusted for tax haven usage where secrecy and a pretence that transactions take place in ways that do not reflect reality is normal? Is that what being more attractive to the financial services industry means? I know what the article says, but I can't help but wonder,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FT reports this morning that: Accenture is courting controversy in the blockchain community by patenting a technique for editing information stored using the nascent<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/09\/20\/is-blockchain-becoming-tax-haven-friendly\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,35],"tags":[],"class_list":["post-34734","post","type-post","status-publish","format-standard","hentry","category-accounting","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/34734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=34734"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/34734\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=34734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=34734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=34734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}