On the influence of blockchain technology on Accounting

期刊: 国际市场 DOI: PDF下载

王晨龙

北京工商大学嘉华学院

摘要

Auditors can apply blockchain technology to avoid the drag of the third party, and also have the characteristics of faster, more automatic, more efficient and safer. This paper analyzes a case study of Deloitte rubix block chain technology platform to discuss how blockchain is applied in various fields and clarify the advantages of blockchain technology. Hope that through this study can provide effective help for the future development of accounting.


关键词

blockchain; computer technology; Deloitte

正文


Introduction

At present, most enterprises still operate their own financial system with the Internet plus finance. However, the Internet plus finance mode gradually exposes some of its shortcomings in the increasingly efficient modern economic activities, such as the huge capital turnover cost, the cumbersome financial operation process, and the lengthy business time consuming. All these problems are caused by centralization. As a new Internet technology protocol, blockchain will have a profound impact on the financial field.

1 related overview

1.1 Blockchain

In bitcoin technology, blockchain is an important technical support. Different data blocks are associated by applying cryptography theory. Each data block contains bitcoin network transaction information used to generate the next block and verify the authenticity of its information.

1.2 financial system

The financial system can generally deal with the business of non-native currency, can locate its standard currency through the user, and then convert it to other currencies. The financial system provides highly flexible financial vouchers and accounts, which has the advantages of powerful function, high flexibility, strong applicability, easy to control, safe and stable, and become the top priority of financial management. It guides the production progress and the balance control ratio of enterprises,and alsoprovides a reliable first-hand information for decision makers.

1.3 basic principles of blockchain

As a system without data center, blockchain has the advantage of self checking and self repairing. The point-to-point transmission mode ensures that the data is transparent in the transmission process, will not be tampered by a third party, and can avoid the problem of low efficiency caused by repeated records. When a transaction is completed, multiple nodes with digital signatures will participate in the transaction, witness the birth of the transaction, and propagate a unique hash value to each node by means of blockchain technology. 

2 Analysis of the impact of blockchain technology on Accounting

2.1 the impact of blockchain technology on accounting supervision

(1)It strengthens the ability of information tracking and improves the authenticity of accounting information.

(2)It reduces the obstacles to accounting work and cleares the main responsibility.

(3) It mproves the quality and efficiency of social audit practice.

2.2 impact of blockchain distributed bookkeeping on accounting information

(1) It changes the way of accounting error correction and improves the quality of accounting information.

(2) It innovates accounting reporting model and discloses the data automaticly.

(3) It reshapes the functions of accounting personnel and cultivates comprehensive and innovative talents.

2.3 the impact of blockchain technology on Accounting Informatization

(1) It achieves the integration of  data collection and transportation.

(2) It achieves the fusion of data processing and analysis .

 (3) It achieves the integration of data security.

 (4) It achieves the integration of data authorization.

3 the impact of blockchain technology on Accounting -- Taking Deloitte blockchain system as an example

3.1 case introduction

At the same time, because the blockchain data is recorded according to time and can not be modified, all the business data in this chain can be mined out. It can reduce audit workload, improve efficiency and reduce costs. " [5]

3.2 accounting

After the transaction is recorded, data support can be obtained efficiently through direct connection of information. Transactional applications, such as large-scale international procurement or currency exchange, require the whole blockchain network to initiate transactions, review information, execute transactions, distribute bookkeeping, confirm the completion of transactions, and store transaction information. The successful implementation of these three functions cannot do without the distributed ledger of blockchain technology.

3.3 business audit

Through the rubix financial system of Deloitte, everyone can query the financial information of any enterprise joining the rubix platform. Rubix platform can monitor the operation of blockchain in real time to ensure the stability of blockchain operation. Rubix finance allows system auditors to audit the financial status and business of the audited unit without any third party. It can not only increase the efficiency of work, but also make the audit results more credible with the existence of blockchain.

3.4 data storage

(1) Distributed encrypted storage

On rubix platform, access can only be done by specific people. Without private key authorized by rubix platform, it is impossible to browse account information, initiate transaction request, leave data, and so on. In addition, rubix manages historical data by using blockchain based database, which can make the information reasonably public, and ensure the security and order of financial information. 

(2) Security and transparency

The data writing mechanism of rubix platform is very private. The distributed ledger reduces the existence of false information, and the binding of the chain also makes the falsification of data meaningless. For the transparency of financial data, rubix has unique advantages, which can be called one of the most secure and trusted information storage centers in the world. 

Summary and Prospect

Enterprises should actively participate in the huge development opportunities brought by the blockchain, and organically combine the blockchain technology with their original business, which will plug in the wings for the future development of enterprises.

References

[1] Zhou Jingren. Analysis of the impact of blockchain technology on accounting supervision [J]. China business theory, 2019 (18): 173-174

[2] Zhu Jianming, Hao Yibo, song Biao. Financial Sharing Mode Based on blockchain and its benefit analysis [J]. Economic issues, 2019 (10): 113-120

[3] Guan Yamei, Ji Chunhong, Wu Qianqian. Research on the influence of blockchain technology on accounting methods -- Taking the loan business of commercial banks as an example [J]. Finance and accounting communication, 2019 (25): 95-99

[4] Hu Qilei. Research on the Application of Block chain Technology in Accounting —— Based on "Belt and Road" Perspective [J].Accounting Newsletter ,2019(25):100-104

[5] Wei Chunhua, Ding Wanlu. Construction of credit guarantee mechanism of accounting information system based on blockchain technology [J]. Finance and accounting communication, 2019 (25): 105-109


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