Proceedings of the 8th International Conference on Accounting, Management, and Economics (ICAME 2023)

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The Future of Accounting: Triple-Entry Accounting Enabled by Blockchain

Authors
Arga Bhayangkara Handayanto1, *, Grace Theresia Pontoh2, Muhammad Irdam Ferdiansah2
1Ministry of Finance of Republic of Indonesia, Jakarta, Indonesia
2Hasanuddin University, Makassar, Indonesia
*Corresponding author.
Corresponding Author
Arga Bhayangkara Handayanto
Available Online 22 May 2024.
DOI
10.2991/978-94-6463-400-6_47How to use a DOI?
Keywords
Accounting; Triple-Entry Accounting; Blockchain
Abstract

The present accounting and auditing practices are characterised by high costs, extensive labour requirements, and significant time commitments. The field of accounting, auditing, and reporting is undergoing a transformation due to the emergence of new technology and digital innovations. Blockchain is a promising emerging technology that has the potential to elevate traditional double-entry accounting into novel triple-entry accounting, resulting in enhanced system efficiency. The purpose of this research is to provide insight into the academic state-of-the-art of research on triple-entry accounting and its effect on future accounting practices. This article uses a systematic literature review to provide numerous bibliographic analysis and synthesis from scopus indexed articles. The results show that the number of papers and citations indicates a growing interest in scientific research on this particular topic but still in its early stages, reflected by the existing research on blockchain and triple-entry accounting that primarily adopts a qualitative approach. Keyword co-occurrence analysis shows that study on triple-entry accounting’s challenges is least explored. In the future, blockchain is predicted to have the capability to enhance accounting processes through the implementation of triple-entries and smart contracts. The implementation of blockchain technology is also anticipated to have significant implications for the creation of employment opportunities in the long run.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 8th International Conference on Accounting, Management, and Economics (ICAME 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
22 May 2024
ISBN
978-94-6463-400-6
ISSN
2352-5428
DOI
10.2991/978-94-6463-400-6_47How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Arga Bhayangkara Handayanto
AU  - Grace Theresia Pontoh
AU  - Muhammad Irdam Ferdiansah
PY  - 2024
DA  - 2024/05/22
TI  - The Future of Accounting: Triple-Entry Accounting Enabled by Blockchain
BT  - Proceedings of the 8th International Conference on Accounting, Management, and Economics (ICAME 2023)
PB  - Atlantis Press
SP  - 628
EP  - 667
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-400-6_47
DO  - 10.2991/978-94-6463-400-6_47
ID  - Handayanto2024
ER  -