Overview and impact of blockchain on auditing

Blockchain has become very popular as the underlying technology powering Bitcoin. However, the benefits behind this technology further surpass just supporting cryptocurrencies. Blockchain can be defined as a digital ledger that allows to capture transactions conducted among several parties on real-t...

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Autor: Bonyuet, Derrick
Tipo de recurso: artículo
Fecha de publicación:2020
País:España
Institución:Universidad de Huelva (UHU)
Repositorio:Arias Montano. Repositorio Institucional de la Universidad de Huelva
Idioma:inglés
OAI Identifier:oai:ariasmontano.uhu.es:10272/17766
Acceso en línea:http://hdl.handle.net/10272/17766
Access Level:acceso abierto
Palabra clave:Blockchain
Auditing
Accounting
Smart contracts
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spelling Overview and impact of blockchain on auditingBonyuet, DerrickBlockchainAuditingAccountingSmart contractsBlockchain has become very popular as the underlying technology powering Bitcoin. However, the benefits behind this technology further surpass just supporting cryptocurrencies. Blockchain can be defined as a digital ledger that allows to capture transactions conducted among several parties on real-time and serves as a decentralized database where each participant keeps an identical copy of the ledger. The appeal behind blockchain resides on its peer-to-peer network infrastructure along cryptographic capabilities. This combination enables users to conduct transactions without a trusted third-party intermediary. Benefits in accounting are even more promising as blockchain will provide a triple entry accounting system where all transactions are immutable and have been time stamped, recorded on real-time and encrypted (Alarcon & Ng, 2018). The purpose of this paper is to review extant research on this technology and assess the impact of blockchain in the audit profession, including new risks, change in procedures and additional opportunities.El blockchain ha Ganado una gran popularidad como la tecnología detrás de Bitcoin. Sin embargo, los beneficios de esta tecnología superan con creces el mero soporte de criptomonedas. Se puede definir el Blockchain como un libro de contabilidad digital que permite registrar transacciones realizadas entre varias partes en tiempo real y que sirve como base de datos descentralizada donde cada participante mantiene una copia idéntica de dicho libro de contabilidad. El atractivo del blockchain reside en su infraestructura de red peer-to-peer junto a sus capacidades criptográficas. Esta combinación permite a los usuarios realizar transacciones sin una tercera parte como intermediario. Los beneficios de contabilidad son aún más prometedores, ya que el blockchain proporciona un sistema contable de triple entrada donde todas las transacciones son inmutables y poseen una marca de tiempo, son registradas en tiempo real y encriptadas (Alarcon & Ng, 2018). El propósito de este artículo es revisar la investigación actual sobre esta tecnología y evaluar el impacto del blockchain en la contabilidad, incluyendo nuevos riesgos, cambios en los procedimientos y oportunidades adicionales.Univesidad de Huelva20202020-01-0120202020-01-01journal articlehttp://purl.org/coar/resource_type/c_6501info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10272/17766reponame:Arias Montano. Repositorio Institucional de la Universidad de Huelvainstname:Universidad de Huelva (UHU)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Atribución-NoComercial-SinDerivadas 3.0 Españahttp://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccessoai:ariasmontano.uhu.es:10272/177662026-06-02T14:58:11Z
dc.title.none.fl_str_mv Overview and impact of blockchain on auditing
title Overview and impact of blockchain on auditing
spellingShingle Overview and impact of blockchain on auditing
Bonyuet, Derrick
Blockchain
Auditing
Accounting
Smart contracts
title_short Overview and impact of blockchain on auditing
title_full Overview and impact of blockchain on auditing
title_fullStr Overview and impact of blockchain on auditing
title_full_unstemmed Overview and impact of blockchain on auditing
title_sort Overview and impact of blockchain on auditing
dc.creator.none.fl_str_mv Bonyuet, Derrick
author Bonyuet, Derrick
author_facet Bonyuet, Derrick
author_role author
dc.contributor.none.fl_str_mv
dc.subject.none.fl_str_mv Blockchain
Auditing
Accounting
Smart contracts
topic Blockchain
Auditing
Accounting
Smart contracts
description Blockchain has become very popular as the underlying technology powering Bitcoin. However, the benefits behind this technology further surpass just supporting cryptocurrencies. Blockchain can be defined as a digital ledger that allows to capture transactions conducted among several parties on real-time and serves as a decentralized database where each participant keeps an identical copy of the ledger. The appeal behind blockchain resides on its peer-to-peer network infrastructure along cryptographic capabilities. This combination enables users to conduct transactions without a trusted third-party intermediary. Benefits in accounting are even more promising as blockchain will provide a triple entry accounting system where all transactions are immutable and have been time stamped, recorded on real-time and encrypted (Alarcon & Ng, 2018). The purpose of this paper is to review extant research on this technology and assess the impact of blockchain in the audit profession, including new risks, change in procedures and additional opportunities.
publishDate 2020
dc.date.none.fl_str_mv 2020
2020-01-01
2020
2020-01-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10272/17766
url http://hdl.handle.net/10272/17766
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Univesidad de Huelva
publisher.none.fl_str_mv Univesidad de Huelva
dc.source.none.fl_str_mv reponame:Arias Montano. Repositorio Institucional de la Universidad de Huelva
instname:Universidad de Huelva (UHU)
instname_str Universidad de Huelva (UHU)
reponame_str Arias Montano. Repositorio Institucional de la Universidad de Huelva
collection Arias Montano. Repositorio Institucional de la Universidad de Huelva
repository.name.fl_str_mv
repository.mail.fl_str_mv
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