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Blockchain and AI: Integrating Emerging Technologies into Bangladesh’s Accounting Practices

Author

Listed:
  • Rakibul Islam

    (Assistant Professor, Department of Accounting & Information Systems, Bangladesh Army University of Science and Technology, Saidpur 5311, Bangladesh.)

  • Md. Hafizul Islam

    (Lecturer, Department of Accounting & Information Systems, Bangladesh Army University of Science and Technology, Saidpur 5311, Bangladesh.)

  • Shamima Islam

    (Assistant Professor, Department of Business Administration, Bangladesh Army University of Science and Technology, Saidpur 5311, Bangladesh.)

Abstract

The given paper investigates the prospects of implementing blockchain and artificial intelligence-based accounting systems in Bangladesh, which may overturn the traditional approach to the respective practices. The analysis of the specific situation reveals that throughout such countries as India, Thailand and others, the introduction of such technologies is supported and regulated on a governmental level through specific frameworks. It also identifies the necessity for training programs tailored to the industry needs and the unique role of educational institutions in this process. At the same time, the study of the issue allows stating such challenges as data security risks, regulatory difficulties, or insufficient technological infrastructure among small and medium businesses. In conclusion, the paper provides the respective recommendations and research directions supporting the trends identified and predicting their broader implementation in Bangladesh in the future.

Suggested Citation

  • Rakibul Islam & Md. Hafizul Islam & Shamima Islam, 2024. "Blockchain and AI: Integrating Emerging Technologies into Bangladesh’s Accounting Practices," International Journal of Science and Business, IJSAB International, vol. 41(1), pages 111-127.
    • Handle: RePEc:aif:journl:v:41:y:2024:i:1:p:111-127
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