Blockchain Technology for Enhancing the Reliability of Accounting Records

Abstract

This study examines the role of blockchain technology in enhancing the reliability of accounting records and improving the quality of accounting information. This research addresses the challenges of data manipulation, information inaccuracy, and limited transparency in traditional accounting systems, with the aim of assessing how blockchain technology can enhance trust in financial information and improve auditing processes. The study adopts an analytical approach to examine the characteristics and applications of blockchain technology in accounting. Blockchain technology works through a decentralized and distributed ledger that securely records transactions using encryption techniques, ensuring data integrity, transparency, and immutability. These features greatly reduce the risk of unauthorized alterations, enhance the reliability of accounting records, facilitate real-time transaction processing, and reduce reliance on intermediaries. The results indicate that the adoption of blockchain technology improves the quality and reliability of financial reporting, reduces accounting errors and fraud risks, enhances transparency and audit efficiency, and strengthens stakeholder confidence in financial information. Consequently, blockchain represents a transformative technology capable of supporting the modernization and efficiency of contemporary accounting systems and the accounting profession.

Keywords: Blockchain Technology; Accounting Records; Financial Reporting Quality; Audit Efficiency; Data Integrity; Transparency.