Accounting and non-financial firm data tokens in permissioned DLT networks

Abstract

We herein explore the usefulness of blockchain permissioned distributed-ledger networks for accounting and registration of financial and non-financial data, aiming to gain efficiency in inner and external audit processes. We also outline the main obstacles still impeding the generalisation and scalability of this kind of project and the corresponding distributed exchange of data tokens within this field, emphasising the benefits for stakeholder integration brought by smart contracts deployed in public permissioned blockchains, from the viewpoint of the audit profession.