DLT suggests a new way to implement the Accounting Information System, but 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 DLT-based shared ledger solution in a formal way and compliant with Financial Reporting Standards. We build on the COFRIS accounting ontology (grounded in UFO-S) and the blockchain ontology developed by De Kruijff & Weigand that distinguishes between a Datalogical level, an Infological and an Essential (conceptual) level. It is shown how consensual and agent-specific parts of the business exchange transaction can be represented in a concise way, and how this pattern can be implemented using Smart Contracts.
|Title of host publication||Advanced Information Systems Engineering|
|Subtitle of host publication||Proceedings of the 30th International Conference on Advances Information Systems Engineering (CAiSE 2018)|
|Editors||john krogstie, hajo reijers|
|Place of Publication||Tallinn|
|Publication status||Published - Jun 2018|
|Event||30th International Conference on Advanced Information Systems Engineering - Tallinn, Estonia|
Duration: 11 Jun 2018 → 15 Jun 2018
|Name||Lecture Notes in Computer Science|
|Conference||30th International Conference on Advanced Information Systems Engineering|
|Abbreviated title||CAiSE 2018|
|Period||11/06/18 → 15/06/18|
Weigand, H., Blums, I., & de Kruijff, J. (2018). Shared ledger accounting: Implementing the economic exchange pattern in DL technology. In J. krogstie, & H. reijers (Eds.), Advanced Information Systems Engineering: Proceedings of the 30th International Conference on Advances Information Systems Engineering (CAiSE 2018) (Vol. 10816, pp. 342-356). (Lecture Notes in Computer Science; Vol. 10816). Tallinn: Springer Verlag.