Thinking Outside the Block: Projected Phases of Blockchain Integration in the Accounting Industry

Australian Accounting Review 29(2), 319-330.

31 Pages Posted: 12 Jun 2017 Last revised: 9 Sep 2019

See all articles by Maria Karajovic

Maria Karajovic

York University, Schulich School of Business, Students

Henry M. Kim

York University - Schulich School of Business

Marek Laskowski

York University; University of Guelph

Date Written: June 10, 2017

Abstract

This paper aims to propound a thorough and circumspect analysis of the implications of blockchain technology in the accounting profession and its broader industry. The analysis begins with a summary of early developments by first movers and how they are harnessing blockchain technology to improve business practices. Concomitantly, the paper will go on to discuss how this technology will streamline accounting processes, specifically, as the technology approaches critical mass. Finally, a discussion of its long-term implications will follow through a more philosophical and conceptual dialogue. Throughout the paper, criticisms will be raised to address concerns regarding blockchain’s widespread use.

Keywords: Blockchain, Accounting, Auditing, Triple-Entry Bookkeeping, Digital Ledger Technology

JEL Classification: M40, M15

Suggested Citation

Karajovic, Maria and Kim, Henry M. and Laskowski, Marek, Thinking Outside the Block: Projected Phases of Blockchain Integration in the Accounting Industry (June 10, 2017). Australian Accounting Review 29(2), 319-330., Available at SSRN: https://ssrn.com/abstract=2984126 or http://dx.doi.org/10.2139/ssrn.2984126

Maria Karajovic

York University, Schulich School of Business, Students ( email )

North York, Ontario
Canada

Henry M. Kim (Contact Author)

York University - Schulich School of Business ( email )

4700 Keele Street
Toronto, Ontario M3J 1P3
Canada

Marek Laskowski

York University ( email )

4700 Keele Street
Toronto, Ontario M3J 1P3
Canada

University of Guelph ( email )

Guelph, Ontario
Canada

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
1,322
Abstract Views
4,684
rank
19,176
PlumX Metrics