Economic exchange in a regulated shared ledger

Ivar Blums, Hans Weigand

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

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.
Original languageEnglish
Title of host publicationProceedings of the 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018)
EditorsJaap Gordijn
Place of PublicationAmsterdam
PublisherCEUR
Pages46-63
Volume2239
ISBN (Electronic)1613-0073
Publication statusPublished - Feb 2018
Event12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018) - Amsterdam, Netherlands
Duration: 26 Feb 201827 Feb 2018

Workshop

Workshop12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018)
Abbreviated titleVMBO 2018
CountryNetherlands
CityAmsterdam
Period26/02/1827/02/18

Fingerprint

Economic exchange
Accounting standards
Accounting information systems
Financial reporting
Reviewing

Cite this

Blums, I., & Weigand, H. (2018). Economic exchange in a regulated shared ledger. In J. Gordijn (Ed.), Proceedings of the 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018) (Vol. 2239, pp. 46-63). Amsterdam: CEUR.
Blums, Ivar ; Weigand, Hans. / Economic exchange in a regulated shared ledger. Proceedings of the 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018). editor / Jaap Gordijn. Vol. 2239 Amsterdam : CEUR, 2018. pp. 46-63
@inproceedings{3198be39ccf94b0fac6d7feb01174768,
title = "Economic exchange in a regulated shared ledger",
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 verymuch an open question. After reviewing the current literature our conclusion isthat an ontologically sound consensus-based design is missing to date. Againstthis 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.",
author = "Ivar Blums and Hans Weigand",
year = "2018",
month = "2",
language = "English",
volume = "2239",
pages = "46--63",
editor = "Jaap Gordijn",
booktitle = "Proceedings of the 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018)",
publisher = "CEUR",

}

Blums, I & Weigand, H 2018, Economic exchange in a regulated shared ledger. in J Gordijn (ed.), Proceedings of the 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018). vol. 2239, CEUR, Amsterdam, pp. 46-63, 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018) , Amsterdam, Netherlands, 26/02/18.

Economic exchange in a regulated shared ledger. / Blums, Ivar; Weigand, Hans.

Proceedings of the 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018). ed. / Jaap Gordijn. Vol. 2239 Amsterdam : CEUR, 2018. p. 46-63.

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

TY - GEN

T1 - Economic exchange in a regulated shared ledger

AU - Blums, Ivar

AU - Weigand, Hans

PY - 2018/2

Y1 - 2018/2

N2 - 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 verymuch an open question. After reviewing the current literature our conclusion isthat an ontologically sound consensus-based design is missing to date. Againstthis 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.

AB - 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 verymuch an open question. After reviewing the current literature our conclusion isthat an ontologically sound consensus-based design is missing to date. Againstthis 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.

M3 - Conference contribution

VL - 2239

SP - 46

EP - 63

BT - Proceedings of the 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018)

A2 - Gordijn, Jaap

PB - CEUR

CY - Amsterdam

ER -

Blums I, Weigand H. Economic exchange in a regulated shared ledger. In Gordijn J, editor, Proceedings of the 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018). Vol. 2239. Amsterdam: CEUR. 2018. p. 46-63