The Doors Are Opening for the New Pedigree: A Futuristic View for the Effects of Blockchain Technology on Accounting Applications
| dc.contributor.author | Gökten S. | |
| dc.contributor.author | Özdoğan B. | |
| dc.date.accessioned | 2024-07-22T08:08:14Z | |
| dc.date.available | 2024-07-22T08:08:14Z | |
| dc.date.issued | 2020 | |
| dc.description.abstract | Developments in communication technologies have enabled entities to benefit from new technological infrastructures with improved efficiency. In this context, blockchain, as a new, innovative communication technology, can provide a better solution that promises efficiency and improved transparency for every kind of transaction that involves value exchange including stocks, derivatives, interbank transactions, and accounting operations of entities. Today, whenever a value exchange transaction is needed between individuals or institutions, a regulatory and intermediary body is needed in order to ensure trustworthiness and transparency. Supporters of a blockchain called the “internet of values” argue that it sustains a more reliable infrastructure without any intermediary, unlike traditional systems that include regulators and intermediaries. Blockchains established by private institutions for intercompany operations give the decision-making authority of record approvals and monitoring ledgers to the system’s managers. Especially companies or institutions can benefit from these private blockchains without a need for a trust mechanism such as intermediaries. This chapter aims to exhibit the current accounting operation areas that blockchain technology impacts, s as well as the future direction of the integration between the technology and accounting. © 2020, Springer Nature Switzerland AG. | |
| dc.identifier.DOI-ID | 10.1007/978-3-030-29739-8_20 | |
| dc.identifier.issn | 14311941 | |
| dc.identifier.uri | http://akademikarsiv.cbu.edu.tr:4000/handle/123456789/14307 | |
| dc.language.iso | English | |
| dc.publisher | Springer | |
| dc.title | The Doors Are Opening for the New Pedigree: A Futuristic View for the Effects of Blockchain Technology on Accounting Applications | |
| dc.type | Book chapter |