Blockchain, trust, and trust accounting: can blockchain technology substitute trust created by intermediaries in trust accounting? A theoretical examination

Silvana Secinaro, Davide Calandra and Paolo Biancone

International Journal of Management Practice, 2021, vol. 14, issue 2, 129-145

Abstract: Blockchain technology features such as distributed ledger, decentralisation, smart contracts, and consensus mechanisms promise to trust in transactions. It could be beneficial to trust accounting processes. This paper, using theoretical analysis, reviews these features and examines if they could lead to the substitution or complement the role of trust agents such as legal firms, lawyers, accountants or auditors, and even regulatory authorities. The investigation shows that while blockchain presents novel features that are key to enhancing trust, the technology can only complement that trust accounting process, due to the technical skills required. At the same time, the paper discusses the relationship between trust and intermediaries. Future investigations could analyse the relationship between faith and technology, considering practitioners' view.

Keywords: trust; trust accounting; blockchain technology; immutability. (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (5)

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