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Blockchain technology in the future of business cyber security and accounting

Author

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  • Sebahattin Demirkan
  • Irem Demirkan
  • Andrew McKee

Abstract

This study looks into the current, and potential uses of Blockchain technology in business, specifically in Accounting and in cybersecurity. We relate Blockchain uses to current concerns within cybersecurity and accounting. We review the literature that includes topics such as Big Data in Accounting, blockchain’s use in financial security and cybersecurity, and its use in financial accounting though the use of ledger technology and also as a system of tracking financial misconduct. We also review the Department of Homeland Security plan for cybersecurity over the next few years to understand what the US Government plans because of the importance of cybersecurity development. We show that Blockchain impacts auditing in different ways that will change the profession drastically. We also find that blockchain should be effectively implemented into different aspects of cybersecurity, and accounting, such as Auditing and general accounting procedures.

Suggested Citation

  • Sebahattin Demirkan & Irem Demirkan & Andrew McKee, 2020. "Blockchain technology in the future of business cyber security and accounting," Journal of Management Analytics, Taylor & Francis Journals, vol. 7(2), pages 189-208, April.
    • Handle: RePEc:taf:tjmaxx:v:7:y:2020:i:2:p:189-208
    DOI: 10.1080/23270012.2020.1731721
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    Citations

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    Cited by:

    1. Berlilana & Tim Noparumpa & Athapol Ruangkanjanases & Taqwa Hariguna & Sarmini, 2021. "Organization Benefit as an Outcome of Organizational Security Adoption: The Role of Cyber Security Readiness and Technology Readiness," Sustainability, MDPI, vol. 13(24), pages 1-20, December.
    2. Kumar, Sourabh & Barua, Mukesh Kumar, 2023. "Exploring the hyperledger blockchain technology disruption and barriers of blockchain adoption in petroleum supply chain," Resources Policy, Elsevier, vol. 81(C).
    3. Emilio Abad-Segura & Alfonso Infante-Moro & Mariana-Daniela González-Zamar & Eloy López-Meneses, 2021. "Blockchain Technology for Secure Accounting Management: Research Trends Analysis," Mathematics, MDPI, vol. 9(14), pages 1-26, July.
    4. Chunling Li & Nosherwan Khaliq & Leslie Chinove & Usama Khaliq & József Popp & Judit Oláh, 2023. "Cryptocurrency Acceptance Model to Analyze Consumers’ Usage Intention: Evidence From Pakistan," SAGE Open, , vol. 13(1), pages 21582440231, March.
    5. James R. Barth & Hemantha S. B. Herath & Tejaswini C. Herath & Pei Xu, 2020. "Cryptocurrency valuation and ethics: a text analytic approach," Journal of Management Analytics, Taylor & Francis Journals, vol. 7(3), pages 367-388, July.
    6. Anca Antoaneta Vărzaru, 2022. "An Empirical Framework for Assessing the Balanced Scorecard Impact on Sustainable Development in Healthcare Performance Measurement," IJERPH, MDPI, vol. 19(22), pages 1-17, November.
    7. Yuan, Feng & Yuan, Jingyan, 2023. "On the relationship between protection of proprietary information and transparency of accounting information," Finance Research Letters, Elsevier, vol. 58(PB).
    8. Emilio Abad-Segura & Mariana-Daniela González-Zamar, 2020. "Research Analysis on Emerging Technologies in Corporate Accounting," Mathematics, MDPI, vol. 8(9), pages 1-29, September.
    9. Albayati, Hayder & Kim, Suk Kyoung & Rho, Jae Jeung, 2020. "Accepting financial transactions using blockchain technology and cryptocurrency: A customer perspective approach," Technology in Society, Elsevier, vol. 62(C).
    10. Akter, Mohsina & Kummer, Tyge-F. & Yigitbasioglu, Ogan, 2024. "Looking beyond the hype: The challenges of blockchain adoption in accounting," International Journal of Accounting Information Systems, Elsevier, vol. 53(C).
    11. Diego Valentinetti & Michele A. Rea, 2022. "Blockchain e bilancio di esercizio: verso una convergenza di interessi "distribuita"?," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2022(2), pages 15-40.
    12. Mohannad Alobid & Said Abujudeh & István Szűcs, 2022. "The Role of Blockchain in Revolutionizing the Agricultural Sector," Sustainability, MDPI, vol. 14(7), pages 1-15, April.
    13. Li Zhang & Yongping Xie & Yang Zheng & Wei Xue & Xianrong Zheng & Xiaobo Xu, 2020. "The challenges and countermeasures of blockchain in finance and economics," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 691-698, July.
    14. Chen, Ka-Hin & Lai, Tze Leung & Liu, Qingfu & Wang, Chuanjie, 2022. "Beyond the blockchain announcement: Signaling credibility and market reaction," International Review of Financial Analysis, Elsevier, vol. 82(C).
    15. Nguyen Phu Giang & Hoang Thi Tam, 2023. "Impacts of Blockchain on Accounting in the Business," SAGE Open, , vol. 13(4), pages 21582440231, December.

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