BLOCKCHAIN TECHNOLOGYAND THE ACCOUNTING PROFESSION.A STRUCTURED LITERATURE REVIEW

DONÈšU Adelina - Nicoleta ()
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DONÈšU Adelina - Nicoleta: BabeÅŸ-Bolyai University

Annales Universitatis Apulensis Series Oeconomica, 2024, vol. 2, issue 26, 1

Abstract: This study investigates the impact of blockchain technology (BCT) on the accounting profession, focusing on both the opportunities and challenges associated with its integration. The objectives areto assess thecurrent stateof academicresearch on blockchain in accounting, to analyse key themes and research focuses in the literature, and to evaluate the technology's potential impact on the profession. Methodologically, this research follows a structured literature review (SLR) approach, analysing 60 academicpapers using both qualitativeand quantitativemethods. Keyresults indicate that blockchain can automate reconciliations, improve audit trails, and streamline accounting tasks. However, scalability issues, privacy concerns, regulatory uncertainty, and implementation costsremain significant challenges. Whileblockchain holds promisefor transforming accounting practices, the research reveals a need for more empirical studies, particularly real-world applications. The findings contribute to ongoing discussions in both academia and industry, emphasizing the importance of further research and collaboration between accounting professionals and IT specialists to effectively harness blockchain's potential.

Keywords: blockchain technology; accounting profession; digital transformation (search for similar items in EconPapers)
JEL-codes: M41 O33 (search for similar items in EconPapers)
Date: 2024
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