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Triple Entry Accounting with Blockchain Technology

In: Digital Transformation, Strategic Resilience, Cyber Security and Risk Management

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  • Shivani Inder

Abstract

Blockchain technology has led the evolution of double entry accounting system to triple entry accounting system. Triple entry accounting is an innovative, promising and potential accounting method when implemented properly would be a game changer for dissemination of accounting information. It is an efficient way to address fundamental concerns of accounting information. This chapter discusses the triple entry accounting system, how it is different from double entry accounting and what are the concerns in implementing triple entry accounting. Triple entry accounting holds the potential to fundamentally evolve accounting practices, can enhance the effective utilisation and sustainable management of resources, and can contribute in development of financial markets.

Suggested Citation

  • Shivani Inder, 2023. "Triple Entry Accounting with Blockchain Technology," Contemporary Studies in Economic and Financial Analysis, in: Digital Transformation, Strategic Resilience, Cyber Security and Risk Management, volume 111, pages 123-131, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:csefzz:s1569-37592023000111b008
    DOI: 10.1108/S1569-37592023000111B008
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