Implications of Expanding the Use of Information Technology Tools in Accounting of Finance Transactions

Traian Cristin Nicolae ()
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Traian Cristin Nicolae: „Ovidius†University of Constanta

Ovidius University Annals, Economic Sciences Series, 2020, vol. XX, issue 2, 1004-1011

Abstract: Blockchain is a technology that springs within its theoretical parameters from the conceptual frameworks of accounting that we encounter in the emerging of today's business . In this paper, in a simplified approach, we try to present a sketch of a set of aspects of the directions to be followed in the implementation of this technology and the likely impact on the accounting of operations in the real estate sector. Currently undergoing a rapid evolution, marked by the applicability to unprecedented levels of information technology (IT) tools on the accounting of entities, we consider it necessary to develop multidisciplinary approaches to the use of new technologies in accounting. Blockchain opens the door for new approaches to accounting information processing. It is now possible to perform multi-dimensional processing of financial - accounting information, processing that goes beyond and develops the traditional accounting paradigm.

Keywords: blockchain technology; accounting; trends (search for similar items in EconPapers)
JEL-codes: G32 M41 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xx:y:2020:i:2:p:1004-1011

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