Blockchain technology disruptions: Exploring accounting and auditing academics and practitioners' perception
Musbaudeen Titilope Oladejo, Vida Botes, Mary Low, Steve Reeves · Accounting and Finance · 2024
Abstract This study explores the practical impact of blockchain technology (BCT), which contrasts strongly with literature that has predominantly hypothesised BCT's potential to disrupt accounting practice. We interviewed 44 practitioners and academics with knowledge of BCT across 13 countries and industries. We employed the technological context of the technological, organisation and environmental (TOE) theoretical framework within a constructivist‐interpretivist paradigm to understand any nuanced practical realities of BCT's impact. Our research ascertained an expectation gap regarding the expected BCT impacts on accounting and auditing practices versus the current reality. Our findings support the sceptics and oppose prior enthusiastic claims that BCT disrupts accounting and auditing functions.