Blockchain: Emergent Industry Adoption and Implications for Accounting

Blockchain is a distributed ledger technology poised to transform the accounting practice. In this paper, we provide an initial examination of the technology itself and discuss the associated opportunities and limitations. We also present an overview of the current blockchain-related practices in la...

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Bibliographic Details
Published in:Journal of emerging technologies in accounting 2017-09, Vol.14 (2), p.91-100
Main Authors: Kokina, Julia, Mancha, Ruben, Pachamanova, Dessislava
Format: Article
Language:English
Subjects:
Accounting
Blockchain
Digital currencies
Studies
Technology adoption
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Summary:Blockchain is a distributed ledger technology poised to transform the accounting practice. In this paper, we provide an initial examination of the technology itself and discuss the associated opportunities and limitations. We also present an overview of the current blockchain-related practices in large accounting firms and trace significant milestones in this technology's emergence. Finally, we discuss some potential areas that future research could address.
ISSN:1554-1908
1558-7940
DOI:10.2308/jeta-51911