ТЕХНОЛОГІЯ БЛОКЧЕЙН У БУХГАЛТЕРСЬКОМУ ОБЛІКУ: ПЕРЕВАГИ ТА НЕДОЛІКИ ЗАСТОСУВАННЯ

Abstract

The article reviews the possibilities and expected results of the potential transition of enterprises from traditional accounting with double entry to a unique triple system using blockchain technology. The essence of blockchain technology, its constituent elements and features of the triple record system are studied, as well as its comparison with the double record. The impact of using blockchain technology from two points of view: enterprises and stakeholders are considered. There are two scenarios: a partial transition to blockchain accounting of large corporations or a complete transition of all enterprises, regardless of size. The list of the main expected advantages of using the blockchain in accounting according to organizational and managerial, economic, qualitative, professional and technological aspects is indicated. It is considered how blockchain technology will make adjustments to such elements of the method of accounting as documentation, inventory, valuation, calculation, accounts, double entry, balance and reporting. The impact of blockchain technology on stakeholders such as tax authorities, auditors and banks has been analyzed, noting that in the event of a transition to triple accounting, they may experience significant changes in all financial processes and economic activities, deal with large-scale automation and transition to IT-based operations. Some problems and shortcomings that may arise in the process of technology implementation are highlighted. Emphasis is placed on the complexity of the transition to the system of triple records, as this will include radical changes in the way of accounting around the world. Recommendations for eliminating the identified shortcomings are given, namely that the main prerequisite for the introduction of triple accounting is to understand the inevitability of new changes in the digitalization of accounting, recognition of blockchain and cryptocurrency technology, study of best practices in other countries to develop regulatory framework and, accordingly, the creation of its own legislation. The need to eliminate a lot of misinformation about blockchain technology was emphasized.