{"id":10502,"date":"2019-01-20T11:00:50","date_gmt":"2019-01-20T09:00:50","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=10502"},"modified":"2019-01-30T13:58:38","modified_gmt":"2019-01-30T11:58:38","slug":"blockchain_technology_as_a_means_of_accounting","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/blockchain_technology_as_a_means_of_accounting\/","title":{"rendered":"Dubinina M., Syrtseva S., Buganov O., Tusova N. Blockchain Technology as a Means of Accounting Transformation"},"content":{"rendered":"

[vc_row][vc_column width=”1\/2″][vc_column_text]\u0423\u0414\u041a<\/strong> 004.043[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][vc_column_text]<\/p>\n

DOI:<\/strong> https:\/\/doi.org\/10.31521\/modecon.V1(2018)-11<\/a><\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dubinina\u00a0M.<\/strong>, Doctor of Economics, Professor, Professor of the Department of Accounting and Taxation, Mykolayiv National Agrarian University, Mykolayiv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0002-3993-0622<\/a>
\ne-mail:<\/strong> dubinina@mnau.edu.ua<\/a><\/p>\n

Syrtseva\u00a0S.<\/strong>, Candidate of Economic Sciences, Associate Professor of the Department of Accounting and Taxation, Mykolayiv National Agrarian University, Mykolayiv, Ukraine<\/p>\n

ORCID ID:\u00a0<\/strong>0000-0003-4824-3741<\/a>
\ne-mail:<\/strong> sirceva@mnau.edu.ua<\/a><\/p>\n

Buganov\u00a0O.<\/strong>, applicant for higher education of Accounting and Finance faculty, Mykolayiv National Agrarian University, Mykolayiv, Ukraine<\/p>\n

ORCID ID:<\/strong> 0000-0002-2068-0440<\/a>
\ne-mail:<\/strong> olegfuntyara@gmail.com<\/a><\/p>\n

Tusova\u00a0N.<\/strong>, applicant for higher education of Accounting and Finance faculty, Mykolayiv National Agrarian University, Mykolayiv, Ukraine<\/p>\n

Blockchain Technology as a Means of Accounting Transformation<\/h2>\n

Abstract. Introduction<\/strong>. Due to the rapid development of computer technology, their active implementation in all spheres of life, people began to solve everyday problems much faster. IT-technology is one of the most relevant branches of science at the modern stage of development of society, because today every company keeps records of its activities using computers.<\/p>\n

Thus, in the future, the accounting sector is expected to undergo major changes, because the technology “\u0412lockchain” is actively implemented in the financial sector of the country. The investigated platform has an important property for accounting work, because the information created in this database can be trusted, even if there is no trust in the counterparty. The transaction is carried out only if it is approved by both parties.<\/p>\n

Purpose<\/strong>. The purpose of the article is to substantiate the feasibility of implementing Blockchain technology in accounting.<\/p>\n

Results<\/strong>. Proponents of technology believe that the new tool will be able to replace not only accountants, but also banking institutions and many financial intermediaries. According to the Blockchain Research Institute, Ukraine is included in the list of 14 countries which were recognized as leaders in the implementation of Blockchain. However, the state has to restructure huge systems with a large number of people to use this tool. It is also necessary to prepare legislation properly and take into account the fact that high energy costs are needed to support technology.<\/p>\n

The technology aims to put an end to the traditional methods of invoicing, documentation, processing, registration, inventory systems and business payment. \u0412lockchain allows companies to record both sides of the transaction simultaneously in a shared workbook in real time and not store the reconciled entries of financial transactions in separate private created databases y or for the account books. The need for traditional double-entry accounting will be eliminated, as the verification of the legality of accounting will be fully automated.<\/p>\n

Conclusions<\/strong>. Directions of use of technology in accounting require, first of all, proper preparation of legislation. Taking into account the prospects of using this tool, we can assume that the Blockchain will be used in Ukraine in 10-15 years and only when the national legislation is adapted to the new realities of the use of information technologies.<\/p>\n

Keywords<\/strong>: information technologies; blockchain; decentralization; block; key; cryptography; accounting; finance; document flow.<\/p>\n

References:<\/strong><\/p>\n

    \n
  1. Buganov, O. V. (2017). Problems and Prospects of IT Professions Development in Ukraine. Student Scientific Bulletin<\/em>, 2 (13), 10-14 [in Ukrainian].<\/li>\n
  2. Prospects for the use of technology blockade in the Internet of things. Retrieved from goo.gl\/fsP6KD [in Ukrainian].<\/li>\n
  3. Help: Karbowanec. Retrieved from goo.gl\/HnkMqr [in Ukrainian].<\/li>\n
  4. Blockcain and accounting. Retrieved from goo.gl\/op6uTr [in Ukrainian].<\/li>\n
  5. How the blocking device works. Retrieved from goo.gl\/zYo1hK [in Ukrainian].<\/li>\n
  6. Public register of Georgia began to use Blockchain technology. Retrieved from goo.gl\/wCS53y [in Ukrainian].<\/li>\n
  7. Chinese officials plan to collect taxes through BlockChein. Retrieved from goo.gl\/hLcuJu [in Ukrainian].<\/li>\n
  8. The Florida tax service will accept bitcoins and bitcoin cash. Retrieved from goo.gl\/tZGLPU [in Ukrainian].<\/li>\n
  9. The land cadastre was transferred to the blockade technology, which makes it impossible to manipulate data. Retrieved from goo.gl\/6KtZn9 [in Ukrainian].<\/li>\n
  10. The State Land Cadastre switched to Blockchain technology. Retrieved from goo.gl\/3kgngE [in Ukrainian].<\/li>\n
  11. Parasotsky, N. N. (2012). Documentation in the accounting of cashless funds, Accounting in budgetary and non-profit organizations<\/em>, 23, 7-10 [in Ukrainian].<\/li>\n
  12. The blockade technology has already changed the world of finance: how?. Retrieved from goo.gl\/zZ9dP6 [in Ukrainian].<\/li>\n
  13. How the blockade will change the accounting. Retrieved from goo.gl\/o2RKtn [in Ukrainian].<\/li>\n
  14. Technology blockade and cryptography: what awaits an accountant. Retrieved from goo.gl\/24oZcH [in Ukrainian].<\/li>\n<\/ol>\n

    [\/vc_column_text][vc_column_text]Recieved: <\/strong>10.12.2018<\/p>\n

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    Dubinina, M., Syrtseva, S., Buganov, O. & Tusova, N. (2018). Blockchain Technology as a Means of Accounting Transformation. <\/span>Modern Economics<\/span><\/i>,\u00a012, 75-80. DOI: https:\/\/doi.org\/10.31521\/modecon.V12(2018)-11.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    [\/vc_column_text][vc_column_text css=”.vc_custom_1547117652118{margin-top: 10px !important;}”]<< \u041f\u043e\u0432\u0435\u0440\u043d\u0443\u0442\u0438\u0441\u044f \u0434\u043e \u0437\u043c\u0456\u0441\u0442\u0443<\/a><\/p>\n

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    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"

    [vc_row][vc_column width=”1\/2″][vc_column_text]\u0423\u0414\u041a 004.043[\/vc_column_text][\/vc_column][vc_column width=”1\/2″][vc_column_text] DOI: https:\/\/doi.org\/10.31521\/modecon.V1(2018)-11 [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Dubinina\u00a0M., Doctor of Economics, Professor, Professor of the Department of Accounting and Taxation, Mykolayiv National Agrarian University, Mykolayiv, Ukraine ORCID ID: 0000-0002-3993-0622 e-mail: dubinina@mnau.edu.ua Syrtseva\u00a0S., Candidate of Economic Sciences, Associate Professor of the Department of Accounting and Taxation, Mykolayiv National Agrarian University, Mykolayiv, Ukraine ORCID ID:\u00a00000-0003-4824-3741 e-mail: sirceva@mnau.edu.ua Buganov\u00a0O.,
    Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[105,67],"tags":[106],"_links":{"self":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/10502"}],"collection":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/comments?post=10502"}],"version-history":[{"count":0,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/posts\/10502\/revisions"}],"wp:attachment":[{"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/media?parent=10502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/categories?post=10502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/modecon.mnau.edu.ua\/en\/wp-json\/wp\/v2\/tags?post=10502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}