The Digital transformation of accounting, through implementing blockchain technology : a conceptual model

Résumé

This paper aims to present the use of Blockchain and its effects on accounting functions in companies according to many studies published during the last decade in order to establish a conceptual model explaining the sequential effect of the global digitalization wave and how it arrived to management models, then its impact on accounting function based on many factors and characterized by information quality, simplicity of use, cost-cutting and time. In this paper, we'll focus on Blockchain as the main factor of digital accounting. The complexity of blockchain is explained by presenting its infrastructure and analysis of its functionality, which can be summarized in five steps showing the information’s path from the beginning of the transaction to the recording. Based on this analysis and according to the literature review, the blockchain effects on accounting are transparency, security, and decentralization, we established a conceptual model that explained the way of digitalization from social influence until the implanting of the blockchain in the accounting system.