Blockchain as a Tool for Increasing Information Transparency of the Business Ecosystem
The rapid development of blockchain allows us to refresh and update our technological approaches to the formation of business information. According to experts future blockchain ecosystems will form a different philosophy of organizing financial and management accounting. The aim of the study is to...
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| Main Authors: | , |
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| Format: | Article |
| Language: | Russian |
| Published: |
Government of Russian Federation, Financial University
2021-10-01
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| Series: | Учёт. Анализ. Аудит |
| Subjects: | |
| Online Access: | https://accounting.fa.ru/jour/article/view/400 |
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| _version_ | 1850031371521622016 |
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| author | R. P. Bulyga I. V. Safonova |
| author_facet | R. P. Bulyga I. V. Safonova |
| author_sort | R. P. Bulyga |
| collection | DOAJ |
| description | The rapid development of blockchain allows us to refresh and update our technological approaches to the formation of business information. According to experts future blockchain ecosystems will form a different philosophy of organizing financial and management accounting. The aim of the study is to identify trends in the development of blockchain technology, forecast the consequences of its application in the accounting and information area of economic entities. Its methodology is based on the use of the following methods: analysis and synthesis, comparison, systemic and logical approach, the method of analogies and grouping. The paper provides an overview of studies of authoritative global platforms about the potential of using blockchain technology and distributed ledgers in the financial, economic, accounting and control spheres. The authors analyzed global initiatives for the development of blockchain technology which actively had being discussed in the world community. The essence and approaches to the definition of blockchain are shown, as well as the classification of blockchain systems types. The trends in the development of blockchain in the field of management activities and the potential possibilities of its application at certain stages of the accounting process are revealed. It is concluded that the use of a blockchain system is an effective platform for the information exchange between economic entities, ensuring its reliability, safety and transparency, forming an instrumental basis for the transactional accounting development. The study may be of interest to national regulators, investors and financial market participants, as well as international business and professional communities. |
| format | Article |
| id | doaj-art-910f867617d24be592b3b880df8af331 |
| institution | DOAJ |
| issn | 2408-9303 2619-130X |
| language | Russian |
| publishDate | 2021-10-01 |
| publisher | Government of Russian Federation, Financial University |
| record_format | Article |
| series | Учёт. Анализ. Аудит |
| spelling | doaj-art-910f867617d24be592b3b880df8af3312025-08-20T02:59:00ZrusGovernment of Russian Federation, Financial UniversityУчёт. Анализ. Аудит2408-93032619-130X2021-10-018461710.26794/2408-9303-2021-8-4-6-17366Blockchain as a Tool for Increasing Information Transparency of the Business EcosystemR. P. Bulyga0I. V. Safonova1Financial University MoscowFinancial University MoscowThe rapid development of blockchain allows us to refresh and update our technological approaches to the formation of business information. According to experts future blockchain ecosystems will form a different philosophy of organizing financial and management accounting. The aim of the study is to identify trends in the development of blockchain technology, forecast the consequences of its application in the accounting and information area of economic entities. Its methodology is based on the use of the following methods: analysis and synthesis, comparison, systemic and logical approach, the method of analogies and grouping. The paper provides an overview of studies of authoritative global platforms about the potential of using blockchain technology and distributed ledgers in the financial, economic, accounting and control spheres. The authors analyzed global initiatives for the development of blockchain technology which actively had being discussed in the world community. The essence and approaches to the definition of blockchain are shown, as well as the classification of blockchain systems types. The trends in the development of blockchain in the field of management activities and the potential possibilities of its application at certain stages of the accounting process are revealed. It is concluded that the use of a blockchain system is an effective platform for the information exchange between economic entities, ensuring its reliability, safety and transparency, forming an instrumental basis for the transactional accounting development. The study may be of interest to national regulators, investors and financial market participants, as well as international business and professional communities.https://accounting.fa.ru/jour/article/view/400blockchaindlttechnologysmart contractinformation disclosureinformation transparencyeconomic entity |
| spellingShingle | R. P. Bulyga I. V. Safonova Blockchain as a Tool for Increasing Information Transparency of the Business Ecosystem Учёт. Анализ. Аудит blockchain dlt technology smart contract information disclosure information transparency economic entity |
| title | Blockchain as a Tool for Increasing Information Transparency of the Business Ecosystem |
| title_full | Blockchain as a Tool for Increasing Information Transparency of the Business Ecosystem |
| title_fullStr | Blockchain as a Tool for Increasing Information Transparency of the Business Ecosystem |
| title_full_unstemmed | Blockchain as a Tool for Increasing Information Transparency of the Business Ecosystem |
| title_short | Blockchain as a Tool for Increasing Information Transparency of the Business Ecosystem |
| title_sort | blockchain as a tool for increasing information transparency of the business ecosystem |
| topic | blockchain dlt technology smart contract information disclosure information transparency economic entity |
| url | https://accounting.fa.ru/jour/article/view/400 |
| work_keys_str_mv | AT rpbulyga blockchainasatoolforincreasinginformationtransparencyofthebusinessecosystem AT ivsafonova blockchainasatoolforincreasinginformationtransparencyofthebusinessecosystem |