Blockchain is a distributed ledger technology that has had a significant impact on various industries in the accounting field. Through the retrieval of keywords and abstracts of 862 accounting journals on CNKI, and the statistics of relevant reports on the technical services launched by accounting firms for blockchain, with the help of Echart visualization software, the hot topics of research on the impact of blockchain technology on the accounting field are determined as follows: The problems of decentralization in blockchain system, real-time audit supported by blockchain, application of smart contracts, and role change of accountants and auditors are four aspects. Based on the research on the hot topics, the paper sorts out the current problems, and puts forward relevant suggestions such as strengthening the supervision system, advocating the flat management mode, promoting the construction of continuous audit activities, and strengthening the professional talent reserve. It provides reference for accountants and auditors to study blockchain technology in the future.
Industry 4.0 comprises of some disruptive technologies which are creating a significant impact in every fields. Recent development in these technologies has created a huge impact in the conventional supply chain model which forces the companies to evolve new models to face the upcoming challenges. One such promising technology which will disrupt and change the entire view of supply chain transparency is Blockchain. Blockchain is basically a chain of blocks that contain information that is nearly impossible to tamper. Blockchain is defined as stack of information linked with each other in blocks and highly resistant to changes. It is a distributed ledger completely open to everyone. Once we enter data in Blockchain it becomes nearly impossible to change it which will give us the authenticity of the data. Based on the literature study, we found that integrating Blockchain in the supply chain will improve the efficiency of the supply chain exponentially. Every transaction that happens in a supply chain can be integrated and recorded in the blocks of a decentralized Blockchain (Distributed ledger) which will be shared will many computers thus increasing the transparency. As each block is connected with each other it becomes nearly impossible to change the entered record as tampering a single block may result in complete loss of data. This will improve the transparency of the supply chain in every stage and improve the supply chain security and efficiency.
I examine the style and skill of small, medium, and large Bitcoin traders using order book data from the largest U.S.-based exchange, Coinbase. I find that all but the smallest traders are contrarian---they buy when prices have fallen and vice versa---and the larger the traders, the more contrarian they are. Additionally, large Bitcoin traders anchor to the 30-, 90-, and 120-day highs. On the other hand, smaller investors mainly trade based on investor sentiment and attention. Decomposing the order flows, I find that contrarian trades positively predict Bitcoin returns, and consistently, larger traders who are contrarian on average show evidence of market timing skills. On the other hand, sentiment- and attention-induced trading, which are mainly implemented by smaller traders, have no predictive power for returns. Overall, the results are consistent with larger traders being compensated for providing liquidity to smaller investors’ sentiment and attention-driven trades.
Decentralized exchanges DEXs allow traders to express their willingness to pay for quick execution through a public priority fee bidding mechanism. We provide empirical evidence that high-fee DEX trades are more informative and contribute more to price discovery. Using address-level blockchain transaction data, we show that informed traders persistently bid higher fees to secure early execution, revealing a strong willingness to pay for execution priority. Further, analysis of Ethereum mempool data demonstrates that informed traders employ a "jump bidding" strategy, placing high initial bids to deter potential competitors.
Resumen.Este estudio tiene como objetivo identificar los factores asociados a la inversin en criptomonedas en Millennials aplicando 136 encuestas llevando a cabo bajo un anlisis factorial exploratorio, con un enfoque cuantitativo y alcance exploratorio-descriptivo.El anlisis de los datos recolectados se realiz midiendo el grado de asociacin entre los constructos del modelo conceptual propuesto y mediante el coeficiente V de Cramer para el contraste de hiptesis.Los resultados validaron el modelo propuesto para explicar la intencin de invertir en criptomonedas por parte de los Millennials.Se evidencia que hay una fuerte relacin entre los factores facilidad percibida de uso y confianza percibida; utilidad percibida con facilidad de uso percibida y facilidad de uso percibida con la actitud de uso de los Millennials frente a las criptomonedas.De igual manera, se observ Factores asociados a la inversin en criptomonedas en Millennials Iberoamrica, 2022, nm. 1, pp. 38-61 39 una asociacin intermedia entre los factores actitud de uso, confianza y seguridad percibida y el factor intencin de uso.
The advent of blockchain technology has revolutionized the way decentralized applications (dApps) and smart contracts are developed and deployed. However, the barrier of gas fees continues to hinder mass adoption, especially in resource-constrained environments. This paper proposes a novel, practical model for gasless smart contract transactions by integrating facial recognition technology within blockchain ecosystems. Our approach leverages zero-knowledge proofs and meta-transaction protocols to enable trustless authentication and transaction signing through biometric facial data, thereby eliminating the need for users to maintain a cryptocurrency balance for transaction execution. The proposed model is built on a multi-layered architecture that incorporates a decentralized identity (DID) framework, a biometric verification engine, and a relayer network that pays the gas on behalf of the user. Using facial recognition as a biometric key, users can trigger and authorize smart contract functions without direct wallet interaction or private key exposure. The system enhances security by utilizing advanced liveness detection and encrypted facial signature hashing, preventing spoofing and ensuring that only legitimate users gain access to the network. Furthermore, it supports user onboarding via identity verification processes that comply with global KYC (Know Your Customer) standards, thus bridging the gap between user accessibility and regulatory requirements. A simulation environment was developed using Solidity, OpenZeppelin libraries, AWS Rekognition for facial analysis, and the Biconomy SDK for meta-transactions. Performance metrics indicate significant improvements in user onboarding time, cost-efficiency, and fraud prevention compared to traditional models. The model also reduces environmental impact by lowering the computational overhead associated with repeated gas-based authentication. This paper provides a blueprint for developers, policymakers, and fintech stakeholders to adopt gasless blockchain frameworks supported by biometric security. It presents a scalable and user-friendly solution that could unlock broader blockchain adoption in finance, healthcare, and identity management sectors. The fusion of facial recognition with smart contract automation signifies a leap towards a more inclusive, secure, and cost-efficient decentralized future.
Blockchain smart contracts are emerging research area among Industrial communities and academics. Blockchain enabled Smart contracts provide automatic processing, security in decentralized environment and removes the barrier of trusted third party. Insurance industry is one of the targeted areas for hackers, and takes more time for processing. The Insurance industry will change dramatically when integrating with Blockchain technology, with high degree of security, real time working and minimum processing cost. Writing smart contracts are very challenging task as Blockchain is secure itself, but sometimes blockchain enabled smart contracts leads to vulnerabilities, have to face scalability & privacy issues also. Authors gives overview of Hyperledger Fabric as it is standard platforms for implementing smart contracts for permissioned blockchain, and proposed a research framework for smart contracts use cases in insurance sector. Second, the technical and legal challenges, as well as the current research are discussed. This paper is aimed to provide guidance for future research in Blockchain smart contracts in insurance industry.
There is a lot of hope that blockchain technology may be used to standardize money transactions and increase access to banking. It is believed that regulators and industry professionals have looked into the possibility of using blockchain technology to modernize and even replace the infrastructure that currently supports international payments and remittances, such as correspondent banking, in order to ensure that transactions can be verified and recorded using blockchain technology in a distributed ledger. The purpose of this study was to analyze how blockchain technology has helped to include previously underserved populations in the mainstream financial system, and to remark on the best practices and lessons learned from sustainable development. Using a systematic literature review, the study discovered the many ways in which blockchain technology can facilitate digital financial inclusion, including its application in financial transactions, its utility as a tool for increasing financial savings, its use in the provision of credit, and its application in the provision of insurance. According to the findings, even though the global goals do not specifically target financial inclusion, providing access to financial services for the majority of the population is a critical enabler for several of the global goals. Therefore, the study concluded that sustainable development can be ensured on many fronts if the technology behind blockchains can be successfully used to improve financial inclusion. If governments, especially in developing countries, are serious about increasing citizens’ access to financial services, they must prioritize blockchain investment.
Abstract:\n\n \n\nSo far, blockchain has been well acknowledged for its potential uses in the financial and banking industries. As a decentralized and distributed technology, blockchain, on the other hand, may be used as a powerful tool for a wide range of everyday applications. Among the many applications sectors where blockchain is expected to have a significant influence, finance and banking is one of the most important. In the contemporary financial and banking systems, it produces a broad variety of options and possibilities. As a result, the purpose of this paper is to investigate the possible uses of blockchain technology in present financial and banking systems, as well as to emphasize the most critical needs for such systems, such as trust less and transparent financial and banking systems. In addition, this article outlines the hurdles and roadblocks that must be overcome before blockchain technology can be successfully used in financial and banking institutions. In addition, we present the smart contract for blockchain-based financial and banking systems, which is critical for setting pre-defined agreements among multiple customers.
This study aimed to determine the effect of behavior factors and social demography on the investment decision in cryptocurrency in the Greater Jakarta area. The method used in this study is partial least square (PLS) using the SmartPLS software application. The behavior factor variables used in this study are overconfidence, herd behavior, subjective norm, and awareness variables. This study also used social demography moderating variables in age, gender, occupation, education, and investment experience on 400 respondents in the Greater Jakarta area. The test results show that only overconfidence and awareness variables have a significant positive effect on decisions to invest in cryptocurrency and subjective norms variables that have no significant positive effect but can be moderated by social demographic factors such as age and investment experience. In addition, other variables have no significant positive effect. They cannot be moderated by social demographic factors such as age, gender, occupation, and investment experience on the decisions of cryptocurrency investors in Greater Jakarta area. Our study contributes to developing knowledge, insight, skills and analyzing researchers, especially regarding the influence of behavioral factors and social demography on investment decisions in cryptocurrency.
The growth of the enterprise blockchain research supporting supply chain management calls for investigations of their impact and mindfulness of their design, use cases, and pilots. With a blockchain design for the Proof of Delivery (PoD) process management, this paper contributes to learning about performance measurement and the transaction costs implications during the development and application of smart contracts. An experimental design science approach is applied to develop an open-source blockchain to explore ways to make the delivery processes more efficient, the proof of delivery more reliable, and the performance measurements more accurate. The theory of Transaction Costs is applied to evaluate the cost implications of the adoption of smart contracts in the management of the PoD. The findings show that smart contracts make the delivery processes more efficient and proof of delivery more reliable. Yet, the methods and metrics are too complex and qualitative, limiting the smart contract’s capability to measure performance. Our findings indicate potential transaction costs reduction by implementing a blockchain-based performance measurement. The complexities of the delivery process and proof of delivery call for pre-contractual steps to identify the processes and performance metrics to design blockchains. Smart contracts need further development and digital aids to handle qualitative inspections and proof of delivery generation during the delivery process. The blockchain requires the system’s capacity to record off-chain transactions, such as in case of disputes resolutions. The authors extended blockchain research beyond the theoretical level, designing an open-source blockchain for supply chain management within the use case, pilot design, and case study.