The Blockchain Technology and its Limitations for True Disruptiveness of Accounting and Assurance
Blockchain is distributed ledger technology praised by many tech-savvy executives to disrupt and change many businesses in the future, including the accounting and assurance profession. This study critically assesses the disruptive potential of the technology for modern accounting information systems and accounting professionals. It summarises limitations and constraints of the technology through qualitative research of academic literature, professional documents and tech websites. The study discusses scalability, transaction costs, interoperability and confidentiality issues as most significant constraints for accelerated adoption and deployment of blockchain based accounting information systems. The economic case of blockchain based accounting information system, real cases of practical implementation and appropriate governance structures are suggested as important areas for future research efforts.
Copyright© 2020 The Author(s). This article is distributed under the terms of the license CC-BY 4.0., which permits any further distribution in any medium, provided the original work is properly cited.
Atanasovski, A., Trpeska, M., & Lazarevska, Z. B. (2020). The Block Chain Technology and Its Limitations for True Disruptiveness of Accounting and Assurance. Journal of Applied Economic Sciences, Volume XV, Winter 4(70), 738-748. https://doi.org/10.57017/jaes.v15.4(70).03
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