How Can Accounting Help Crypto Asset Projects for a Better Assurance?

Crypto assetCrypto asset projects based on blockchainBlockchain technology, which have found a niche in both financial and non-financial business applications with Bitcoin, have created an ecosystem worth billions of dollars. Most of these projects offer their crypto assetsCrypto asset, which initially do not have any value, to their users. If the project fulfills its promises, the value of the crypto assetsCrypto asset in question becomes apparent. The most important resource used in this offering process, that is, in introducing a crypto assetCrypto asset project to the world, is the prospectusProspectus called whitepaper. There is no standard regarding the content of this document, which is almost a commitment of the project’s developers. Accounting has its technical tools like reports, investor meetings, public disclosures, etc., to connect relevant information with stakeholders while blockchainBlockchain-based crypto assetCrypto asset projects have more pluses than minuses in terms of communication tools. The knowledge and experience of accounting can be an important support for crypto assetsCrypto asset, whose boundaries are tried to be drawn by legal regulations all over the world, to take their place as an assetAssets class based on solid foundations. In this study, it is discussed how accounting standards and accounting languageAccounting language can contribute to crypto assetCrypto asset projects and the blockchainBlockchain ecosystem.