Financial Accounting in light of Blockchain technology "Opportunities & Challenges"

Abstract

Blockchain appeared in its traditional form in 2008,and at that stage, it was called basic technology, With the acceleration of technological development, it has been used in many sectors and fields, including the accounting profession. Therefore, the aim of this research paper is to try to identify this technology and analyze its capabilities, while clarifying its implications for the accounting profession by conducting an exploratory study on the use of blockchain in accounting in Algeria, considering this technology an integrated element in the accounting ecosystem. The results of this study concluded that Blockchain is of great importance to professionals and academics, and that it contributes positively to raising the performance of practitioners of the accounting profession. But at the same time, it exposes accountants to some risks and challenges that may affect financial reports. In general, the potential of this technology will not be realized until it is widely disseminatedamong all practitioners of the accounting profession