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Some issues in blockchain for accounting and the supply chain, with an application of distributed databases to virtual organizations

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  • Daniel E. O'Leary

Abstract

This paper reviews some recent blockchain‐based applications for information capture, distribution and preservation. As part of that review, this paper examines two key concerns with current blockchain designs for accounting and supply chain transactions: data independence and multiple semantic models for the same information distribution problem. Blockchain applications typically integrate database, application and presentation tiers all in the same ledger. This results in a general inability to query information in the ledger and other concerns. Further, since most applications appear to be private blockchain applications, there is a concern of agents needing to accommodate multiple blockchains depending on who their trading partners are and what they request. Finally, this paper uses a distributed database to design a ‘blockchain‐like’ system for virtual organizations.

Suggested Citation

  • Daniel E. O'Leary, 2019. "Some issues in blockchain for accounting and the supply chain, with an application of distributed databases to virtual organizations," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 26(3), pages 137-149, July.
    • Handle: RePEc:wly:isacfm:v:26:y:2019:i:3:p:137-149
    DOI: 10.1002/isaf.1457
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    References listed on IDEAS

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    1. Geerts, Guido L. & O'Leary, Daniel E., 2015. "A note on an architecture for integrating cloud computing and enterprise systems using REA," International Journal of Accounting Information Systems, Elsevier, vol. 19(C), pages 59-67.
    2. Geerts, Guido L., 2011. "A design science research methodology and its application to accounting information systems research," International Journal of Accounting Information Systems, Elsevier, vol. 12(2), pages 142-151.
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    1. Dutta, Pankaj & Choi, Tsan-Ming & Somani, Surabhi & Butala, Richa, 2020. "Blockchain technology in supply chain operations: Applications, challenges and research opportunities," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 142(C).

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