Shared ledger accounting: Implementing the economic exchange pattern in DL technology.

Hans Weigand, Ivar Blums, Joost de Kruijff

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

6 Citations (Scopus)

Abstract

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.
Original languageEnglish
Title of host publicationAdvanced Information Systems Engineering
Subtitle of host publicationProceedings of the 30th International Conference on Advances Information Systems Engineering (CAiSE 2018)
Editorsjohn krogstie, hajo reijers
Place of PublicationTallinn
PublisherSpringer Verlag
Pages342-356
Volume10816
ISBN (Print)9783319915623
Publication statusPublished - Jun 2018
Event30th International Conference on Advanced Information Systems Engineering - Tallinn, Estonia
Duration: 11 Jun 201815 Jun 2018

Publication series

NameLecture Notes in Computer Science
Volume10816

Conference

Conference30th International Conference on Advanced Information Systems Engineering
Abbreviated titleCAiSE 2018
Country/TerritoryEstonia
CityTallinn
Period11/06/1815/06/18

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