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Accounting has always been influenced by digital technology, although most of it has been replacing analogue instruments with digital versions. A blockchain is a digital ledger that is used to record transactions between different participants in a network. It is an internet-based, peer-to-peer distributed ledger that contains all transactions since its inception. Blockchain technology has the potential to revolutionize the world humanity implementing in the business based on the concept of transmitting valuable digital assets like bitcoin without the need of a third-party intermediary. Blockchain is considered as a type of database or a sort of digital ledger, which is widely used by many financial organizations. It's a distributed ledger which keeps records of immutable and verifiable data. This blockchain technology permits decentralized ledger transactions to be produced without the intervention of a third party. Because of its decentralization, networks have a high degree of protection. The aim of the study is to investigate various decisions making factors, affecting in adopting blockchain technology in the field of accounting. The result showed that secure and private, transparent and auditable, immutable, better transparency, reduce cost, transparency, real-time transaction, and flexible are most likely influencing factors in adoption of blockchain technology. The result indicates that the Quorum, Sap Hana, and Ethereum, platforms are most consistent and trusted platforms for block chain technology and the blockchain platforms are found most suitable, secured and stronger platform. Received: 25 October 2021 / Accepted: 2 February 2022 / Published: 5 March 2022
Sharma et al. (Sat,) studied this question.