Blockchain Has Payroll Potential, Practitioner Says

Blockchain technology can be used to create a detailed, indisputable log of payroll-related transactions among many other uses, a payroll practitioner said May 13.

“Most people know of blockchain because of Bitcoin, because of cryptocurrency,” Martin Armstrong, the vice president for payroll shared services at Charter Communications, said.

“But now it’s morphed into other information way above and beyond Bitcoin, cryptocurrency, about data,” Armstrong said, noting that employers in areas as diverse as retail, insurance, and aviation have found uses for the technology.

Armstrong, who is a member of Bloomberg Tax’s Payroll Advisory Board, was speaking at the American Payroll ...