Perspective and Challenges of Blockchain Technology in the Accountability of Financial Information
Jorge Tarifa Fernández, María del Pilar Casado‐Belmonte, María José Martínez Romero · Advances in systems analysis, software engineering, and high performance computing book series · 2019
The accounting information system could be improved by blockchain technology, but some potential risk could arise. Thus, it is worth considering such risks. The accounting research and academic literature regarding the impact of this technology on the accounting system are in an initial stage of this emergent field. The purpose of this chapter is to go a step further on this topic and to spur additional research regarding accounting and blockchain technology. The contribution of this study is twofold. On the one hand, it shows the main technologies comprising blockchain and their main consequences understood as sources of improvement. On the other hand, it assesses said effects applied to different processes of the accounting information system. Not only does this work show implications for the accounting profession, but the effects on the primary stakeholders are also brought to light.