Integrating Blockchain, IoT, and XBRL in Accounting Information Systems: A Systematic Literature Review

Mohamed Nofel (), Mahmoud Marzouk, Hany Elbardan, Reda Saleh and Aly Mogahed
Additional contact information
Mohamed Nofel: Faculty of Commerce, Kafrelsheikh University, Kafrelsheikh 33516, Egypt
Mahmoud Marzouk: School of Business, University of Leicester, Leicester LE1 7RH, UK
Hany Elbardan: Business School, Bournemouth University, Bournemouth BH12 5BB, UK
Reda Saleh: Faculty of Commerce, Kafrelsheikh University, Kafrelsheikh 33516, Egypt
Aly Mogahed: Faculty of Commerce, Kafrelsheikh University, Kafrelsheikh 33516, Egypt

JRFM, 2024, vol. 17, issue 8, 1-32

Abstract: Over the last few decades, remarkable technical advancements, including artificial intelligence, machine learning, big data, blockchain, cloud computing, and the Internet of Things, have emerged. These tools have the ability to change the accounting process. This study aims to conduct a systematic literature review on using the Internet of Things (IoT), blockchain, and eXtensible Business Reporting Language (XBRL) in a single accounting information system (AIS) to enhance the quality of digital financial reports. This paper employs a systematic literature review (SLR) methodology, specifically, by adopting the widely accepted PRISMA technique. The final sample of this study included 309 related studies from 2013 to 2023. Our findings highlight the lack of literature related to the integration of these three types of technologies within a unified AIS. This study is extremely significant because it proposes a new research stream that explores the possibility of integrating IoT, blockchain, and XBRL in a single accounting system, yielding a plethora of benefits to the accounting field. However, the potential benefits of such an integration are evident, including enhanced transparency, real-time reporting capabilities, and improved data security. Our paper’s main contribution is that it is the first paper, to the best of our knowledge, to explore the integration of these three technologies. We also identified important gaps in the research and pointed out ways for future research to somehow take a lead in exploring further how this integrated system is affecting accounting practices.

Keywords: blockchain; Internet of Things; XBRL; smart contracts; accounting information systems; digital reports (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1911-8074/17/8/372/pdf (application/pdf)
https://www.mdpi.com/1911-8074/17/8/372/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jjrfmx:v:17:y:2024:i:8:p:372-:d:1459191

Access Statistics for this article

JRFM is currently edited by Ms. Chelthy Cheng

More articles in JRFM from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().