The Reconstruction of Accounting Information Disclosure System Based on Blockchain Technology

Abstract

Abstract In recent years, the trust relationship of financial reports in the capital market has been severely challenged. The reliability, relevance and timeliness of the accounting information provided by the company’s financial reports are obviously insufficient, and the efficiency of capital market accounting supervision has been greatly reduced. In the digital economy era, traditional double-entry accounting and financial accounting reports are no longer sufficient to serve the new economy, and it is imperative to reconstruct the accounting information disclosure system. This article attempts to implement the nine-character policy of capital market reform. Firstly, to reconstruct the accounting information disclosure system based on blockchain technology; and under the background of the system with less government intervention, various entities Automatically realize the maintenance of distributed ledger and the disclosure of financial accounting information, based on the principle of self-interest. Finally, in addition to legal restrictions, it is more difficult for untrustworthy persons to participate in the maintenance of distributed ledger, in order to increase their economic costs and achieve zero tolerance for them.