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A few years after the advent of cloud computing solutions (2006), came cryptocurrencies like Bitcoin (2009) and Ethereum which leveraged blockchain to decentralize financial transactions. Recent innovations by big players such as Oracle, Amazon and IBM have made blockchain technology much more accessible and easier to implement.
In 2006, FAS123R contained new standards, which were reclassified in 2009 as ASC718. This led to significant inconsistencies in evaluating company performance and regulators made the eventual decision to standardize accounting related to employee equity and stock-based compensation. Standardization began in the mid-2000s with FAS123R.
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