Blockchain-Enabled Cloud Accounting for Secure Financial Reporting in Digital Banking

In recent years, banking institutions have been turning to cloud-based systems to process, store, and report their financial information. The many capabilities of this system, such as scalability, flexibility, and real-time access to financial data, in addition to its strengths, have also raised many concerns for users of this system, such as data manipulation, security, and data integrity. Now, the use of emerging technologies with decentralized architecture, cryptographic security, and an environment for immutable transaction records can be considered a solution. This technology is called blockchain, and this article examines a blockchain-based cloud accounting system to strengthen and enhance the reliability of financial reporting in digital banking. This research looks at how adding blockchain technology to cloud accounting platforms can lower the risk of financial data manipulation and better protect financial records stored digitally. Using blockchain’s distributed ledger in cloud accounting lets financial transactions be recorded in a transparent and tamper-resistant way, which makes unauthorized changes much harder. The study also explores how blockchain can improve the security of financial data by making it easier to trace, audit, and control access to information. This paper follows a conceptual and analytical approach to analyze the research problem, drawing on recent research on blockchain in financial technology and digital accounting. It highlights the benefits of combining blockchain with cloud accounting in digital banking. The results show that blockchain technology has the ability to significantly enhance data integrity, make financial reports clearer, and create trust in digital financial systems. Ultimately, the use of cloud accounting based on blockchain technology offers an opportunity to solve major security issues in the creation of reliable financial reports in digital banking.