Abstract
Blockchain and Smart Contract technology suggests a new way to implement the Accounting Information System (AIS), and for setting the Accounting Standards. How exactly this can be done and what are limitations is still very
much an open question. After reviewing the current literature our conclusion is
that an ontologically sound consensus-based design is missing to date. Against
this research gap, the paper introduces a blockchain-based shared ledger conceptual solution, regulated by Financial Reporting Standards. It is shown how consensual and participant-specific parts of the business exchange transaction can be represented in a concise way.
much an open question. After reviewing the current literature our conclusion is
that an ontologically sound consensus-based design is missing to date. Against
this research gap, the paper introduces a blockchain-based shared ledger conceptual solution, regulated by Financial Reporting Standards. It is shown how consensual and participant-specific parts of the business exchange transaction can be represented in a concise way.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018) |
| Editors | Jaap Gordijn |
| Place of Publication | Amsterdam |
| Publisher | CEUR |
| Pages | 46-63 |
| Volume | 2239 |
| ISBN (Electronic) | 1613-0073 |
| Publication status | Published - Feb 2018 |
| Event | 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018) - Amsterdam, Netherlands Duration: 26 Feb 2018 → 27 Feb 2018 |
Workshop
| Workshop | 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018) |
|---|---|
| Abbreviated title | VMBO 2018 |
| Country/Territory | Netherlands |
| City | Amsterdam |
| Period | 26/02/18 → 27/02/18 |