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Blockchain in accounting practice and research: systematic literature review

Author

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  • Marco Bellucci
  • Damiano Cesa Bianchi
  • Giacomo Manetti

Abstract

Purpose - This study aims to review the academic literature on the utilization of blockchain in accounting practice and research to identify potential opportunities for further scientific investigation and to provide a framework for how accounting practices are impacted by blockchain. Design/methodology/approach - This study is based on a systematic literature review (SLR) of 346 research products available on Scopus, which were mapped with bibliometric analyses and critically discussed in relation to three main topics: the impact of blockchain on accounting and auditing, cryptoassets and finance, business models and supply chain management. Findings - Blockchain has many potential implications for accounting practice and research. In addition to providing the state-of-the-art of accounting research on blockchain and additional avenues for further studies, this study discusses why practitioners are interested in this technology: triple-entry bookkeeping, the inalterability of transactions, the automation of repetitive tasks that do not require discretionary choices, the representation of cryptocurrencies in financial statements, value-chain management, social and environmental auditing and reporting and business model innovation. Originality/value - The novel contribution of this study is integrated and threefold. First, this SLR provides a clear picture of the state of the accounting research on blockchain using bibliographic and narrative analyses. Second, it investigates how accounting and auditing practices are impacted by blockchain. Third, it contributes to the accounting literature with its discussion of the potential future research trends related to blockchain for accounting.

Suggested Citation

  • Marco Bellucci & Damiano Cesa Bianchi & Giacomo Manetti, 2022. "Blockchain in accounting practice and research: systematic literature review," Meditari Accountancy Research, Emerald Group Publishing Limited, vol. 30(7), pages 121-146, March.
    • Handle: RePEc:eme:medarp:medar-10-2021-1477
    DOI: 10.1108/MEDAR-10-2021-1477
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    Citations

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    Cited by:

    1. Yi-Hsiang Lu & Ching-Chiang Yeh & Yu-Mei Kuo, 2024. "Exploring the critical factors affecting the adoption of blockchain: Taiwan’s banking industry," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 10(1), pages 1-25, December.
    2. Christoph Wronka, 2024. "Crypto-asset regulatory landscape: a comparative analysis of the crypto-asset regulation in the UK and Germany," Journal of Asset Management, Palgrave Macmillan, vol. 25(4), pages 417-426, July.
    3. Manasi Gokhale & Deepa Pillai, 2024. "Firm level and country level determinants of earnings management in emerging economies: a systematic framework-based review," Future Business Journal, Springer, vol. 10(1), pages 1-16, December.
    4. Gulnara D. Amanova & Bibigul Zh. Akimova & Saule S. Saparbaeva & Luiza P. Moldashbayeva & Margarita A. Zholayeva, 2023. "Problems and prospects in development of digital technologies in accounting and auditing at social enterprises of the Republic of Kazakhstan," RIVISTA DI STUDI SULLA SOSTENIBILITA', FrancoAngeli Editore, vol. 0(1 suppl.), pages 65-81.

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