Proceedings of the 2024 3rd International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2024)

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The Application and Challenges of Blockchain Technology in Accounting and Financial Information Systems

Authors
Liao Zhou1, *
1School of Economics and Management, Lanzhou University of Technology, Lanzhou, China
*Corresponding author. Email: 2179742206@qq.com
Corresponding Author
Liao Zhou
Available Online 31 August 2024.
DOI
10.2991/978-94-6463-490-7_51How to use a DOI?
Keywords
Blockchain technology; accounting; financial information systems
Abstract

This article explores the application of blockchain technology in accounting and financial information systems, emphasizing its advantages in transparency, security, and efficiency, and proposing challenges that need to be addressed in widespread adoption. The decentralized nature of blockchain technology can revolutionize traditional accounting practices. Through distributed ledger technology, each transaction information is recorded on an immutable blockchain, ensuring the authenticity and traceability of product information. The article also discusses the application of blockchain in agricultural ecological product supply chain management, how to improve transportation safety and reduce logistics costs by improving the transparency and efficiency of information flow. Finally, the article investigates the impact of blockchain on corporate financial risk, using panel data from listed companies from 2019 to 2023 for empirical analysis, and evaluating corporate financial risk through the Z-Score model.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 3rd International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2024)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
31 August 2024
ISBN
978-94-6463-490-7
ISSN
2589-4919
DOI
10.2991/978-94-6463-490-7_51How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Liao Zhou
PY  - 2024
DA  - 2024/08/31
TI  - The Application and Challenges of Blockchain Technology in Accounting and Financial Information Systems
BT  - Proceedings of the 2024 3rd International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2024)
PB  - Atlantis Press
SP  - 468
EP  - 478
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-490-7_51
DO  - 10.2991/978-94-6463-490-7_51
ID  - Zhou2024
ER  -