Blockchain in accounting, accountability and assurance: an overview

Abstract

Purpose

This study aims to present an overview of topics addressed in the papers appearing in this AAAJ special issue: Blockchain in accounting, accountability and assurance.

Design/methodology/approach

The authors present a review focussing on the papers published in this special issue. The authors imported the eight accepted papers into NVivo, coding them according to the research topics posed in the call for papers. Then, the authors conducted an in vivo coding for the emerging themes found in the papers.

Findings

Blockchain is a multifaced topic with multiple implications for accounting, auditing and accountability, the accounting professions, and governance. However, blockchain is still a developing topic. Blockchain research traditionally has four stages. More recently, a new research stage deserving more investigation is emerging based on the interaction of blockchain with other technological developments such as virtual reality and the metaverse.

Originality/value

The review not only uncovers and systematises the multiple implications of blockchain for accounting research. It also unveils the dark side of blockchain, focusing on the technology's negative environmental and social implications. Last, the authors highlight why accounting research should more extensively examine contemporary issues.

Citation

Spanò, R., Massaro, M., Ferri, L., Dumay, J. and Schmitz, J. (2022), "Blockchain in accounting, accountability and assurance: an overview", Accounting, Auditing & Accountability Journal, Vol. 35 No. 7, pp. 1493-1506. https://doi.org/10.1108/AAAJ-06-2022-5850