Authors :
Dr. Shantanu Shekhar; Dr. Kumaresan Chandrasekaran
Volume/Issue :
Volume 11 - 2026, Issue 4 - April
Google Scholar :
https://tinyurl.com/38xmu5ns
Scribd :
https://tinyurl.com/4hnhjtvf
DOI :
https://doi.org/10.38124/ijisrt/26apr297
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
Blockchain, a decentralized digital ledger system, has the potential to revolutionize the way accounting is done by
providing a secure and tamper-proof way of recording transactions. By using blockchain, accounting firms can automate many
of their processes, which can save time and reduce the need for paper-based records. This can result in a more efficient and costeffective accounting process, while also reducing the environmental impact of the industry. This study aims to explore the
potential of blockchain technology to transform the accounting industry for a greener future. The research methodology adopted
in this study is a combination of literature review and case studies. Through literature review, the study gathered and reviewed
existing research on the challenges facing the accounting industry, such as the need to consider environmental, social, and
governance (ESG) factors, and the need to keep pace with the fast-changing business environment. Additionally, it examines the
potential of blockchain technology to address these challenges and improve the sustainability of the accounting industry. Case
studies were used to gather and analyze data from organizations that are currently using blockchain technology in their
accounting processes. The data collected through online sources such as academic journals, industry reports, and government
publications was analyzed using a variety of statistical and qualitative methods to identify trends, challenges, and opportunities
in the field of blockchain technology in accounting. The study concludes by providing insights into the future of blockchain in
accounting and how it could potentially revolutionize the industry for a greener future.
Keywords :
Accounting, Blockchain, Cost-effective, Environmental, Social, Governance, ESG, Paperless, Sustainability.
References :
- Impact of Blockchain on the Accounting Profession | Deloitte | Audit. (2018, March 2). Deloitte Bangladesh.https://www2.deloitte.com/bd/en/pages/audit/articles/gx-impact-of- blockchain-in-accounting.html
- Pimentel, Erica & Boulianne, Emilio. (2020). Blockchain in Accounting Research and Practice: Current Trends and Future Opportunities*. Accounting Perspectives. 19. 10.1111/1911- 3838.12239.
- Adelowotan, Michael, and Daniel Coetsee. “Blockchain Technology and Implications for Accounting Practice.” Blockchain Technology and Implications for Accounting Practice, 31 Aug. 2021, www.abacademies.org/articles/blockchain-technology-and-implications-for- accounting-practice-12338.html.
- Bellucci, Marco & Cesa Bianchi, Damiano & Manetti, Giacomo. (2022). Blockchain in accounting practice and research: systematic literature review. Meditari Accountancy Research. 30. 121-146. 10.1108/MEDAR-10-2021-1477.
- Bellucci, M., Bianchi, D. C., & Manetti, G. (2021, January 1). Blockchain in accounting practice and research: A systematic literature review. Blockchain in Accounting Practice and Research: A Systematic Literature Review. Retrieved January 19, 2023, from https://flore.unifi.it/handle/2158/1249945
- Garanina, T., Ranta, M., & Dumay, J. (2021). Blockchain in accounting research: current trends and emerging topics. Accounting, Auditing & Accountability Journal. Ahead of print. https://doi.org/10.1108/AAAJ-10-2020-4991
- Moinak Maiti, Ivan Kotliarov, Vitalii Lipatnikov,A future triple entry accounting framework using blockchain technology, Blockchain: Research and Applications, Volume 2, Issue 4, 2021, 100037, ISSN 2096-7209, https://doi.org/10.1016/j.bcra.2021.100037.
- KathieAdams. “How Blockchain Is Changing the Accounting Profession – DataScienceCentral.com.” Data Science Central, 19 July 2022, www.datasciencecentral.com/how-blockchain-is-changing-the-accounting-profession.
- Singh, Shishir Kant. “Working of Blockchain – Shishir Kant Singh.” Working of Blockchain –
- Shishir Kant Singh, 28 May 2020, shishirkant.com/working-of-blockchain. (Fig 1)
- Bond, Ian. “Blockchain Technology and Its Potential to Disrupt Accounting.” Medium, 21 Mar.2018, medium.com/@ianbondw/blockchain-technology-and-its-potential-to-disrupt-accounting-a018488a6360. (Fig 2)
12. Kuzior, A.; Sira, M. A Bibliometric Analysis of Blockchain Technology Research Using VOSviewer. Sustainability 2022, 14, 8206. https://doi.org/10.3390/su14138206.
Blockchain, a decentralized digital ledger system, has the potential to revolutionize the way accounting is done by
providing a secure and tamper-proof way of recording transactions. By using blockchain, accounting firms can automate many
of their processes, which can save time and reduce the need for paper-based records. This can result in a more efficient and costeffective accounting process, while also reducing the environmental impact of the industry. This study aims to explore the
potential of blockchain technology to transform the accounting industry for a greener future. The research methodology adopted
in this study is a combination of literature review and case studies. Through literature review, the study gathered and reviewed
existing research on the challenges facing the accounting industry, such as the need to consider environmental, social, and
governance (ESG) factors, and the need to keep pace with the fast-changing business environment. Additionally, it examines the
potential of blockchain technology to address these challenges and improve the sustainability of the accounting industry. Case
studies were used to gather and analyze data from organizations that are currently using blockchain technology in their
accounting processes. The data collected through online sources such as academic journals, industry reports, and government
publications was analyzed using a variety of statistical and qualitative methods to identify trends, challenges, and opportunities
in the field of blockchain technology in accounting. The study concludes by providing insights into the future of blockchain in
accounting and how it could potentially revolutionize the industry for a greener future.
Keywords :
Accounting, Blockchain, Cost-effective, Environmental, Social, Governance, ESG, Paperless, Sustainability.