Advantages and Challenges of Blockchain in Accounting: A Case Study of Deloitte's Rubix
DOI:
https://doi.org/10.62051/4z6kws61Keywords:
Blockchain; Accounting; Rubix Blockchain Platform.Abstract
Currently, blockchain technology is increasingly gaining attention. Characterized by decentralization, immutability, and transparency, it holds broad application prospects in numerous fields. In the accounting sector, the frequent occurrence of distorted financial information in enterprises can be effectively addressed by leveraging blockchain technology to enhance efficiency and ensure the quality of accounting information. This paper begins by explaining the nature and characteristics of blockchain, then categorically explores its specific advantages in fundamental accounting activities, namely confirmation, measurement, recording, and reporting. Subsequently, using Deloitte's blockchain platform, Rubix, as a case study, it elaborates on the practical application of blockchain technology in accounting. Finally, the paper dialectically analyzes the challenges faced by blockchain technology in the accounting industry and offers relevant recommendations.
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Copyright (c) 2025 Transactions on Economics, Business and Management Research
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
