Blockchain technologies in accounting: bibliometric analysis

Кравченко, Олена; Nebaba, Natalia; Aiyedogbon, John O.

doi:10.21511/afc.04(1).2023.02

Cited by 3 publications

(2 citation statements)

References 13 publications

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“…The paper concludes that financial transaction tax can be used as an instrument for banking sector regulation in the EU. Kravchenko et al (2021) analyze the state and prospects of blockchain technology development, focusing on its application in various sectors, including tax administration. The study identifies the advantages of blockchain, such as enhanced security and efficiency, but also points out the disadvantages, including high implementation costs and the need for significant changes in existing systems and practices.…”

Section: Advantages and Disadvantages In The Context Of Us Tax Admini...mentioning

confidence: 99%

Evolving Tax Compliance in the Digital Era: A Comparative Analysis of Ai-Driven Models and Blockchain Technology in U.S. Tax Administration

Odunayo Adewunmi Adelekan,

Olawale Adisa,

Bamidele Segun Ilugbusi

et al. 2024

Comput. sci. IT res. j.

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This paper aims to provide a comprehensive review of the integration of artificial intelligence (AI) and blockchain technology in U.S. tax administration. It explores how these technologies are revolutionizing tax compliance and fraud detection, offering a comparative analysis with traditional methods. The paper highlights the potential benefits of these technologies in enhancing efficiency, accuracy, and transparency in tax administration, aligning with the U.S. government's objectives of ensuring fiscal integrity and public trust. The review also examines international best practices and proposes how the U.S. can leverage these technologies to maintain its global leadership in financial governance and innovation. The study is structured around four key objectives: assessing the current integration of AI and blockchain in tax administration, evaluating their effectiveness in enhancing tax compliance, identifying implementation challenges, and developing strategic recommendations. Employing a comprehensive literature review approach, the study synthesizes findings from various sources to provide an in-depth understanding of the role and impact of these technologies in modern tax systems. The results reveal that AI and blockchain significantly improve tax compliance and administration efficiency but also introduce challenges such as data privacy concerns and the need for robust regulatory frameworks. In conclusion, the study underscores the transformative potential of AI and blockchain in tax administration, recommending continuous research and development, coupled with stakeholder education and engagement. These efforts are crucial for overcoming operational challenges and fully harnessing the benefits of these technologies in modernizing tax systems. The paper concludes with strategic recommendations for policymakers, tax authorities, and researchers, emphasizing the importance of a balanced approach that fosters technological innovation while maintaining legal compliance and adherence to fundamental principles. Keywords: Artificial Intelligence, Blockchain, Tax Administration, Tax Compliance, Digital Transformation, Financial Governance.

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Section: Advantages and Disadvantages In The Context Of Us Tax Admini...mentioning

confidence: 99%

Evolving Tax Compliance in the Digital Era: A Comparative Analysis of Ai-Driven Models and Blockchain Technology in U.S. Tax Administration

Odunayo Adewunmi Adelekan,

Olawale Adisa,

Bamidele Segun Ilugbusi

et al. 2024

Comput. sci. IT res. j.

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“…The methodology for evaluating early-stage cryptocurrency projects in the context of managerial decision-making by various organizations and investors is intrinsically tied to the domain of project management (Korneyev et Waspada et al, 2023). Within the fast-paced and perpetually evolving cryptocurrency and blockchain sphere, project management principles are indispensable in orchestrating and ensuring the productive execution of these nascent initiatives (Polinkevych et al, 2021; AL Afaishat et al, 2022; Kravchenko et al, 2022;Blikhar et al, 2023). This methodological framework serves as the linchpin for a comprehensive assessment of project feasibility, facilitating the meticulous delineation of precise objectives, the establishment of meticulously defined project timelines, the reasonable allocation of available resources, and the adept management of potential risks.…”

Section: Theoretical Basismentioning

confidence: 99%

Management decisions regarding innovative projects at their early stages of development: An example of a methodology for assessing crypto projects

Mandryka,

Yevdokymova

et al. 2023

Problems and Perspectives in Management

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Innovative projects can be very costly, and making mistakes in their implementation can be expensive for organizations and investors. Therefore, appropriate procedures are needed to minimize the likelihood of such errors, facilitate strategic decision-making, and optimize investments. This paper presents a methodology for assessing the viability and potential of cryptocurrency and blockchain projects based on evaluating individual project components and synthesizing these assessments.The proposed approach suggests considering a project as a collection of individual components with clear metrics that can be assessed; various assessments of these metrics are introduced. As a result, a project manager or investor assigns ratings to its metrics when analyzing several projects and then calculates a final assessment for each project. A project manager can determine the most promising project by comparing the reviews of several projects.This methodology stands out for its simplicity and clarity, and a significant advantage is its reliance on only publicly available data. This approach can be applied as the first step in making investment decisions regarding a specific project when working with investment funds or launchpads, for example. AcknowledgmentThe paper is prepared within the scientific research project “Fundamentals of the phase transition to the additive economy: From disruptive technologies to institutional socialization of decisions” (№ 0121U109557), funded by the general fund of the state budget of Ukraine.

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Blockchain and electronic transactions in accounting

Shevchuk,

Muravskyi

2023

vtneu

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Introduction. One of the most promising information and communication technologies in the digital economy is blockchain, which significantly changes the accounting and control of electronic transactions in business. Block-chain structuring of data is radically different from traditional methods of processing and storing accounting information, which determines the relevance of scientific research and practical developments in the field of using blockchain technology.The purpose of the article is to study the peculiarities of the implementation of electronic transactions in the conditions of using blockchain technology and the directions of transformation of accounting and control.Methods. Systemic, innovative, functional approaches and methods of generalization, bibliographic and comparative analysis were used in the process of realizing the established goal of scientific research.Results. The expediency of the transformation of the methodology and organization of accounting and control of electronic transactions under the influence of the use of blockchain technology is substantiated. The functional advantages of the blockchain network are defined: instant execution of electronic transactions, confidentiality of participants in electronic transactions, reliability of data storage, minimization of costs for the organization of information processing, significant variability of assets participating in electronic transactions, stability of functioning due to the impossibility of damaging or deleting databases, etc. The principles of blockchain technology, which are relevant for accounting and control of electronic transactions, have been formed: decentralization, transparency, accessibility, trust, cyber security, irreversibility, consensus, confidentiality. Eight main directions of transformation of accounting and control of electronic transactions in the blockchain network have been identified (positioning, variability, digitization, decentralization, protection and cyber security, monetary settlements, control, transformation of powers and regulations), the result of practical implementation of which is: automatic execution of accounting and control processes, prevention of accidental errors, prevention and elimination of cyber threats and fraudulent actions, minimization of enterprise costs; reduction of time for accounting and control procedures for operational management of enterprises, openness and publicity of accounting information about electronic business.Prospects. It is advisable to carry out further scientific research in the direction of: improving the legal regulation of electronic transactions; transformation of the organizational structure of the enterprise and the accounting and control unit; clarification of personnel job instructions and accounting policy of the enterprise.

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Blockchain technologies in accounting: bibliometric analysis

Cited by 3 publications

References 13 publications

Evolving Tax Compliance in the Digital Era: A Comparative Analysis of Ai-Driven Models and Blockchain Technology in U.S. Tax Administration

Evolving Tax Compliance in the Digital Era: A Comparative Analysis of Ai-Driven Models and Blockchain Technology in U.S. Tax Administration

Management decisions regarding innovative projects at their early stages of development: An example of a methodology for assessing crypto projects

Blockchain and electronic transactions in accounting

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