What is a potential application of blockchain in corporate governance and financial reporting?

The choice highlighting continuous real-time financial information accurately reflects a significant application of blockchain technology in the context of corporate governance and financial reporting. Blockchain's decentralized and immutable nature allows for the secure and transparent recording of transactions, which means that financial data can be updated and accessed in real-time. This capability enables stakeholders—such as investors, auditors, and regulators—to continuously monitor the financial health of a company, promoting accountability and reducing the potential for fraud.

Moreover, real-time financial information can enhance decision-making processes within companies and among stakeholders by providing up-to-date data that can affect investment strategies and regulatory compliance. This shift from traditional reporting methods, which often involve time delays and are subject to interpretation, to a more immediate reporting framework fosters a more transparent and trustworthy financial environment.

In contrast, the other options do not reflect the inherent benefits of blockchain technology; reduced transparency and decreased accessibility would undermine the utility of blockchain in corporate governance, while reliance on quarterly financial statements suggests a more traditional and less dynamic approach to financial reporting.