From Blockchain to Accounting Profession: Evidence from Indonesia

Mia Ika Rahmawati, Eko Ganis Sukoharsono, Aulia Fuad Rahman, Yeney Widya Prihatiningtias


Blockchain technology has become a world discussion due to its excellence in security, increasing trust, and real-time information availability. Also, it is strongly believed to promote excellent improvements in the accounting sphere. Blockchain would undertake the accounting profession's roles. The potential impact of Blockchain on accounting like reduced fraud, reduced auditing, improved regulatory compliance, easier reconciliation, and improved efficiency.  However, there is a concern about will the accountants lose their job. For that reason, the study aims to analyze accountants' perspectives of blockchain on the impact on the accounting profession in Indonesia. This study's novel work is to build a positive perspective of implementing Blockchain, particularly Indonesia accountants, even though it will significantly affect the profession. The research method of this study is a qualitative exploratory study. The data collection was derived from in-depth interviews of four Indonesian top layer accountants. As a result, this study finds that the initial perception that accountants will lose their job of the presence of Blockchain is not true. The responsibilities of accountants will not change dramatically. Moreover, this study's findings will be divided into three (3) themes; understanding the blockchain, obstacles on the blockchain, and investment in blockchain. Eventually, the business still needs qualified accountants to interpret and categorize the information resulting from Blockchain. Therefore, blockchain's impact on the accounting profession will provide transparency, efficiency, and record permanency.


Keywords: blockchain, accounting, profession, Indonesia.



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