Blockchain Technology: A Case Study from Greek Accountants

Stamatios Ntanos (), Sofia Asonitou, Dimitrios Karydas and Grigorios Kyriakopoulos
Additional contact information
Stamatios Ntanos: University of West Attica
Sofia Asonitou: University of West Attica
Dimitrios Karydas: University of West Attica
Grigorios Kyriakopoulos: National Technical University of Athens

A chapter in Strategic Innovative Marketing and Tourism, 2020, pp 727-735 from Springer

Abstract: Abstract While most Blockchain technology seems to be new, applications of this technology, beyond electronic payments, such as supply chains, health care and asset management appear every day. All of them stem from the distinctive advantages of Blockchain technology; volatility, trust, transparency and reliability. Blockchain already affects the banking and accounting sectors, and all its economy-abided activities. Under this context, the purpose of this study is to explore the knowledge and the attitude of Greek accountants towards Blockchain technology and its advantages and disadvantages with regards to the accounting area. For the analysis, a convenient sample of 100 Greek accountants was used. Results reveal that Greek accountants use digital infrastructure and technology, but they report low knowledge on Blockchain technology and lack of trust in using it for their transactions. The questionnaire has been factor analyzed and the following factors emerged: (a) The attitude of the accountants, (b) The need for validated files and reliability of sources, (c) The reliability of Blockchain technology, and (d) The need to eliminate intermediaries. Implications for providing more training through seminars and education for the accounting sector, businesses and employees are discussed.

Keywords: Accounting; Blockchain technology; Bitcoin; Cryptocurrency; Cybersecurity; Fraud; Transparency (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:prbchp:978-3-030-36126-6_80

Ordering information: This item can be ordered from
http://www.springer.com/9783030361266

DOI: 10.1007/978-3-030-36126-6_80

Access Statistics for this chapter

More chapters in Springer Proceedings in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().