The Impact of Block Chain in Accounting and Auditing Domain - A Critical Approach for Enhanced Efficiency and Transparency

Johri, Shiva; Mehta, Kamakshi; Suhashini, J; Shukla, Prashant Kumar; Podile, Venkateswararao; Singh, Devesh Pratap

doi:10.1109/icacite53722.2022.9823420

Cited by 5 publications

(2 citation statements)

References 17 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…According to Shiva Johri, blockchain technology has shown tremendous potential in the fields of accounting and auditing. It can simplify financial reporting and auditing processes by providing an integrated, long-term accounting record structure and encrypted, secure distributed ledger [18]. This also applies to our proposed framework for endogenous-value blockchain currency.…”

Section: Structure Of the Indicators Of The Individual's Intrinsic Valuementioning

confidence: 96%

“…Newton's law of cooling refers to the transfer of heat from an object to the surrounding medium to cool itself when its temperature is higher than the ambient temperature [27]. Newton's law of cooling does not take into account the nature of the object and is not a physical equation; it is a mathematical differential equation about the temperature of an abstract object that simply decreases with time, as shown in Formula (18). The Newtonian Leibniz formula can be used to calculate the definite integral of a function by finding the indefinite integral, which is obtained by solving the definite integral according to the formula for the density of heat flow on the surface of the object and the Newtonian Leibniz formula for the degree of time decay, as shown in Formula (19).…”

Section: Newton's Law Of Coolingmentioning

confidence: 99%

See 1 more Smart Citation

Advances on External Machine Computing Power Focusing on Internal Personal Value: A Case Study on the New Digital Currency

Qian

Zhang

et al. 2023

Mathematics

View full text Add to dashboard Cite

As global inflation escalates and geopolitical conflicts exacerbate, the world’s economy confronts an intensified degree of instability. In this volatile environment, blockchain currencies emerge as a potential bulwark, offering both value preservation and liquidity benefits. However, the conventional “mining” process introduces significant challenges, such as high energy consumption, data security risks, and detachment from the real economy, which potentially facilitate financial capital manipulation. This research endeavors to mitigate these issues, constructing an innovative blockchain cryptocurrency framework that integrates mining and distribution with intelligent big data. It also incorporates social contributions from individuals in domains such as health, knowledge, and ecological conservation. Consequently, the efficiency of cryptocurrency production and distribution correlates with the individual’s societal contribution. The more substantial the contribution, the higher the intrinsic value of the individual and the more efficient the access. Utilizing a comprehensive framework of mathematical modeling, computer numerical simulation, and fuzzy integrated evaluation, we propose a novel endogenous-value blockchain cryptocurrency system. We quantify and optimize variables such as individual intrinsic value, community efficiency, redistribution weights, and total monetary potential. We introduce an innovative method for accumulating time-decaying values such as knowledge contribution and establish an anti-cheating framework. Our results indicate that this pioneering approach can significantly enhance mining efficiency and optimize cryptocurrency distribution. This counters traditional criticisms of blockchain currencies and paves the way for a more sustainable, fair, and efficient model for future blockchain currency systems.

show abstract

Section: Structure Of the Indicators Of The Individual's Intrinsic Valuementioning

confidence: 96%