The Routledge Handbook of Accounting Ethics

16BLOCKCHAIN TECHNOLOGY IN ACCOUNTING INFORMATION SYSTEMS

Intended and unintended consequences

Robin R. Pennington

Introduction

Investments in blockchain technology are growing at a substantial rate despite the volatility of the cryptocurrency markets (del Castillo 2019). Bitcoin and the multitude of cryptocurrencies on the market today have led the way for blockchain technology to emerge as perhaps one of the most influential technologies of the future. With such potential, is this technology appropriate for accounting information systems? Accounting information systems collect, record, store and process data, while providing controls over that data, to produce accounting information (Romney et al. 2020). Accounting information provides ...