RT Journal Article
T1 Hope or hype? Blockchain and accounting
A1 Alles, Michael G.
A1 Gray, Glen L.
AB Gartner’s hype cycle of technology famously progresses from the "peak of inflated expectations" to the “plateau of productivity” via the “trough of disillusionment”. Accounting researchers and practitioners -like researchers and practitioners in many other fields- have jumped onto the blockchain bandwagon for fear of missing out on what has been hailed as a world changingtechnology. Unfortunately, there is a pervasive lack of understanding of what blockchain is, andmisconceptions about what it can do. A fundamental problem is that blockchain was derived frombitcoin and there is a great deal of difficulty in defining what blockchain is, and how suitable themethodology for a trustless, public cybercurrency application is to a public blockchain betweentrusted partners. It is time, we believe, to look at blockchain in accounting with more objectivity. Weundertake a detailed exploration of blockchain and identify several key factors that will defines theuses of this technology, namely, the distinction between public and private blockchains and theimportance of processing costs as a validating mechanism.
PB Universidad de Huelva
YR 2023
FD 2023
LK https://hdl.handle.net/10272/21920
UL https://hdl.handle.net/10272/21920
LA eng
DS Repositorio Institucional de la Universidad de Huelva
RD 29 may 2026