Traditional Purchase Order (PO)-to-invoice reconciliation processes in infrastructure finance are often fragmented, opaque, and vulnerable to error or manipulation, especially within public-sector grant-funded projects. Manual validation and spreadsheet-based tracking make it difficult to maintain transparency, traceability, and compliance across multiple 6stakeholders. This paper proposes a blockchain-enabled framework for automating audit trails in PO/invoice reconciliation, ensuring data integrity, accountability, and real-time verification of financial transactions. The study explores how distributed ledger technology (DLT) can integrate with existing enterprise resource planning (ERP) systems to record procurement events—purchase orders, goods receipts, and invoices—on an immutable, time-stamped ledger. Smart contracts are introduced to automatically validate invoice–PO matches and flag anomalies in payment amounts, vendor identities, or project milestones. Using simulated public infrastructure grant data, the proposed framework compares blockchain-assisted reconciliation to traditional FP&A workflows on metrics such as accuracy, processing time, and audit readiness. The results demonstrate that blockchain-based reconciliation significantly enhances financial transparency, reduces manual effort, and mitigates fraud and double billing. Furthermore, integration with business intelligence dashboards enables continuous monitoring of fund utilization across projects. This research contributes to the emerging domain of financial technology in infrastructure governance by showing how blockchain can transform reconciliation from a reactive accounting process into a proactive, automated compliance mechanism.
The development of blockchain technology has brought significant innovation to the financial sector, including the management of Shariah-compliant finance, by enhancing transparency, security, and efficiency of financial transactions in accordance with Shariah principles. This technology utilizes distributed ledger technology (DLT) and smart contracts to ensure authenticity and fairness in transactions, thereby strengthening trust and accountability within the Shariah financial system. This study aims to analyze the effectiveness of blockchain implementation in Shariah finance and identify various challenges faced in the digital era, such as immature regulations, limited digital infrastructure, and low levels of technological literacy among industry players. The research method includes a literature review of relevant journals and reports, as well as case studies of blockchain implementation in Shariah financial institutions. The findings indicate that blockchain plays a crucial role in increasing trust and transparency, but its success heavily depends on the synergy among regulators, Shariah financial institutions, and other stakeholders to overcome these obstacles. These results emphasize the importance of collaborative and innovative strategies to support the sustainable growth of the Shariah financial system in the digital age.
This study aims to analyze the role of autonomous agent-based Information Systems in Accounting (ISA) in managing the decentralized accounting cycle using a socio-technical systems approach in the private sector. The background of this research lies in the increasing demand for speed, accuracy, and transparency in financial reporting within the competitive digital business ecosystem. This study adopts a qualitative method through in-depth interviews and document analysis, supported by thematic analysis for data interpretation. The findings reveal that autonomous agent-based ISA enhances transaction-processing efficiency, reduces recording errors, strengthens internal control, and provides real-time financial information for strategic decision-making. However, its effectiveness depends on the alignment between technological and social dimensions of organizations, including digital competence readiness, employee acceptance of automation, and role restructuring. This research concludes that agent-based accounting systems are not merely digital tools, but strategic infrastructures that shape long-term competitive advantage for private-sector firms
Ridwan Yusuf, Andreas Perdana, Febri Sugandi, Untoro Apsiswanto
Smart contract pada platform Ethereum mengelola aset finansial bernilai besar, namun sifat immutable membuat kerentanan kode berdampak permanen sebagaimana ditunjukkan kasus The DAO, Parity Wallet, dan Ronin Bridge. Dua pendekatan pendeteksian kerentanan telah berkembang luas: static analysis yang memeriksa kode sumber atau bytecode tanpa eksekusi, dan dynamic analysis yang menjalankan kontrak pada lingkungan simulasi dengan masukan terstruktur. Keduanya memiliki trade-off kecepatan, cakupan, dan tingkat false positive yang berbeda, namun perbandingan sistematis pada lingkungan pengembangan lokal Indonesia menggunakan alat versi terbaru masih jarang dilakukan. Artikel ini memaparkan rancangan penelitian eksperimental kuantitatif yang akan membandingkan Slither (static) dengan Foundry dan Echidna (dynamic) pada dataset 25 smart contract Solidity yang mencakup lima kategori kerentanan utama: reentrancy, integer overflow, access control, unchecked return values, dan unbounded loop. Metrik perbandingan meliputi precision, recall, F1-score, dan waktu komputasi. Kontribusi yang diharapkan adalah kerangka komparatif yang dapat menjadi rujukan praktis bagi pengembang Web3 Indonesia dalam memilih alat keamanan dan strategi pengujian hibrid yang sesuai dengan tingkat risiko proyek serta sumber daya tim.
Sony Hartono, Roby Syaiful Ubed, Riko Riandoko, Irfan Nabhani
The fair value assessment of Bitcoin has become a pivotal concern in contemporary finance because to its significant volatility, constrained supply, and increasing institutional acceptance. In contrast to conventional assets influenced by cash flows, Bitcoin's value is determined by scarcity, community trust, network utility, and regulatory considerations. This research utilizes a qualitative grounded theory methodology by examining interviews and podcasts featuring prominent Indonesian cryptocurrency specialists. Coding analysis identifies four fundamental paradigms: legitimacy and decentralization as value sources, regulation and market infrastructure as value determinants, speculative risk and centralization as value detractors, and investment strategies and price cycles as moderating influences. Research indicates that Bitcoin's fair value depends on value base, value transfer, risk discount, and investor strategy. The research underscores the imperative for unconventional valuation models that incorporate on-chain data, regulatory frameworks, and market dynamics to improve transparency, accountability, and confidence in the digital financial ecosystem.
This comprehensive review examines the evolutionary trajectory of financial information systems from the 1670s to the present day, analyzing how technological innovations have fundamentally transformed financial reporting, auditing practices, and information accessibility. Through a bibliometric and conceptual analysis of seminal literature, this study identifies key technological inflection points including the emergence of structured bookkeeping systems, the institutionalization of financial publicity through the 1867 law, the development of sophisticated financial communication tools, and the recent integration of blockchain technology and data analysis capabilities. The review demonstrates that each technological wave has progressively enhanced data accuracy, real-time reporting capabilities, and audit efficiency while simultaneously introducing new challenges related to data security, regulatory compliance, and technological adoption barriers. Contemporary developments in distributed ledger technology and advanced analytics represent a paradigm shift toward autonomous financial reporting systems with unprecedented transparency and verification capabilities. The findings suggest that future financial information systems will be characterized by increased automation, enhanced predictive analytics, and seamless integration of blockchain-based audit trails. This evolution has profound implications for accounting professionals, regulatory frameworks, and corporate governance structures, necessitating adaptive strategies for stakeholder education and regulatory modernization.
The rapid expansion of Indonesia’s digital financial ecosystem has significantly advanced financial inclusion and innovation through the growth of fintech platforms, digital payments, and crypto-asset adoption. However, this transformation introduces multifaceted risks, including cyber threats, data breaches, digital fraud, regulatory uncertainty, and money-laundering vulnerabilities associated with crypto-assets and decentralized finance. This study employs a systematic literature review to examine the challenges and innovations in digital financial risk control within Indonesia’s fintech and digital asset sectors. Findings indicate that effective risk mitigation relies heavily on regulatory coordination, advanced supervisory technology, consumer digital literacy, and robust data protection practices. RegTech and SupTech innovations powered by artificial intelligence support real-time risk monitoring and enhance compliance with global standards such as FATF recommendations. Nevertheless, successful digital financial governance also requires algorithmic accountability and ethical technology deployment. This study underscores that safeguarding stability, trust, and consumer protection is essential to achieving a secure and inclusive digital financial system while enabling responsible innovation.
This study examines the adoption of Digital Ledger Technology (DLT) and its impact on the ‎accuracy of financial reporting and the efficiency of auditing processes within Jordanian ‎organizations. Using a quantitative research design, the study assesses how DLT enhances ‎financial data integrity and supports real-time auditing capabilities. Data were collected from ‎‎210 accounting and auditing professionals representing five major Jordanian institutions: the ‎Central Bank of Jordan, Jordan Customs Department, Arab Bank, Deloitte Jordan, and Ernst ‎& Young Jordan. A structured questionnaire served as the primary data collection instrument, ‎employing a five-point Likert scale to measure perceptions across key constructs related to ‎DLT adoption. To improve response rates, the questionnaire was distributed through both ‎physical and digital channels. Descriptive statistics were used to analyze demographic data, ‎while multiple regression and independent samples t-tests were applied to test the study’s ‎hypotheses. The results revealed a statistically significant and positive relationship between ‎DLT adoption and both the accuracy and reliability of financial reporting, as well as between ‎DLT utilization and enhanced auditing speed and efficiency. Regression analysis indicated that ‎DLT adoption accounted for 52% of the variance in financial reporting accuracy, while t-test ‎results confirmed significant differences between DLT-based and traditional auditing methods. ‎The study complied with ethical standards, ensuring confidentiality and voluntary ‎participation. Overall, the findings demonstrate that DLT plays a transformative role in ‎improving accounting and auditing practices within a developing economy context‎.
Muhammad Guhya Thesar Afani, Farhan Ferdiansyah, Eraneo Ihza P
The usage of blockchain has increased around the world over the years. It has become widely used in various sectors that need transparency, such as accounting, business, and auditing. Blockchains are gaining more popularity after being applied as a system for digital asset ownership, such as cryptocurrency and NFTs (Non-Fungible Tokens). This growing trend of blockchain is followed by the increasing trend of research regarding it in the last decade. Blockchain has the potential to revolutionize the auditing sector and enhance economic accountability due to its decentralized system. Therefore, research regarding blockchain applications in auditing is becoming an important topic. This study adopts a qualitative approach by using datasets retrieved from the Scopus website, from the search result of blockchain auditing, with a total of 1228 articles that were published in the last decade (2015-2025). Furthermore, this study also uses several software programs as data processing tools, such as R Studio, VOSViewer, and Publish or Perish. This study aims to understand the research trend regarding blockchain auditing in the last decade and highlight its implications for the auditing and economic sectors.
Anny Nurbasari, Nisa Hanum Harani, Medy Syari Khalifah Anggari Raharjo
This study examines the influence of influencer marketing on Non-Fungible Tokens (NFTs) purchase decisions, both directly and through the mediating role of brand image, with a focus on members of the Ordo Nemesis NFT community. The rapid evolution of blockchain technology has driven the surge in popularity of NFTs, where consumer decisions are profoundly influenced by brand perception and public figures who endorse them. Influencer marketing has emerged as a prevalent strategy to influence these perceptions. A quantitative approach was employed using survey data collected from 100 community members who had previously purchased NFTs. The data were analyzed with Structural Equation Modeling (SEM) using SmartPLS. The findings reveal that influencer marketing significantly strengthens brand image, and brand image exerts a strong positive effect on purchase decisions. However, the direct impact of influencer marketing on purchasing behavior is weaker than its indirect effect through brand image, underscoring the importance of brand perception as a mediating factor. These results suggest that NFT creators and companies should prioritize developing a strong, authentic brand image in collaboration with credible influencers to foster consumer trust and encourage sustainable purchasing behavior.
Dini Rohmayani, Ilham Alfath, Castaka Agus Sugianto
Abstrak - Implementasi Non-Fungible Token (NFT) sering menghadapi masalah permanensi data karena ketergantungan pada penyimpanan terpusat yang rentan terhadap penghapusan dan perubahan. Penelitian ini mengembangkan aplikasi web berbasis Decentralized Application (DApp) untuk pembuatan Non-Fungible Token (NFT) yang mengintegrasikan InterPlanetary File System (IPFS) dengan Smart Contract ERC-721 pada blockchain Ethereum. Metode pengembangan menggunakan pendekatan waterfall dengan implementasi React.js dan Next.js untuk frontend serta Solidity untuk smart contract. Sistem dirancang dengan arsitektur three-tier yang memfasilitasi pembuatan koleksi Non-Fungible Token (NFT) melalui kontrak Factory dan pengelolaan token melalui NFTCollection, dengan metadata dan aset digital disimpan menggunakan Content Identifier (CID) pada InterPlanetary File System (IPFS). Pengujian blackbox menunjukkan seluruh fungsi sistem berjalan sesuai spesifikasi, sementara User Acceptance Testing (UAT) dengan 24 responden menghasilkan tingkat penerimaan 90%. Hasil penelitian membuktikan bahwa integrasi InterPlanetary File System (IPFS) dengan smart contract ERC-721 dapat mengatasi permasalahan permanensi metadata dan aset digital, sekaligus menyederhanakan proses minting Non-Fungible Token (NFT) bagi pengguna non-teknis melalui antarmuka yang intuitif.Kata kunci: Non-Fungible Token (NFT); ERC-721; IPFS; Kontrak Pintar; Blockchain; Abstract - Podo Practical implementations of Non-Fungible Tokens (NFTs) often face data permanence issues due to reliance on centralized storage systems vulnerable to deletion and modification. This research develops a web-based Decentralized Application (DApp) for NFT creation that integrates the InterPlanetary File System (IPFS) with ERC-721 Smart Contracts on the Ethereum blockchain. The development methodology employs a waterfall approach with React.js and Next.js for frontend implementation and Solidity for smart contracts. The system is designed with a three-tier architecture facilitating NFT collection creation through the NFTFactory contract and token management through NFTCollection, with metadata and digital assets stored using Content Identifiers (CID) on IPFS. Black box testing demonstrates that all system functions operate according to specifications, while User Acceptance Testing (UAT) with 24 respondents yields an acceptance rate of 90%. The research findings prove that integrating IPFS with ERC-721 smart contracts addresses metadata and digital asset permanence issues while simplifying the NFT minting process for non-technical users through an intuitive interface.Keywords: Non-Fungible Token (NFT); ERC-721; IPFS; Smart Contract; Blockchain;
Aldi Bastiatul Fawait, Muh Jamil, Sitti Rahmah, Sugiarto Sugiarto
Perkembangan teknologi blockchain dalam beberapa tahun terakhir memberikan dampak besar terhadap sistem keuangan global, salah satunya melalui Ethereum (ETH) yang berfungsi sebagai aset kripto sekaligus fondasi ekosistem smart contract. Namun, volatilitas tinggi harga ETH membuat metode prediksi tradisional sulit menangkap pola nonlinier yang kompleks. Penelitian ini menerapkan metode Long Short-Term Memory (LSTM) untuk memprediksi harga ETH menggunakan data time-series dari investing.com periode 1 Januari 2021 hingga 21 Agustus 2025. Model LSTM dengan tiga lapisan menghasilkan performa baik dengan MAE 0,0387 dan R² 0,9741 pada data latih, serta MAE 22,59% dan R² 80,55% pada data uji. Hasil ini membuktikan bahwa LSTM efektif dalam mempelajari pola fluktuasi harga ETH meskipun akurasi pada data baru masih dapat ditingkatkan. Kontribusi penelitian ini adalah memperkuat literatur terkait prediksi kripto berbasis data jangka panjang sekaligus memberikan manfaat praktis bagi investor dan regulator dalam memahami dinamika volatilitas ETH.
The rapid evolution of financial technology (fintech), including cryptocurrencies and decentralized finance (DeFi), has transformed how consumers and businesses engage with financial services. This chapter examines the drivers of fintech adoption by extending established technology acceptance models, such as technology acceptance models (TAM), unified theory of acceptance and use of technology (UTAUT), and theory of planned behavior (TPB). A systematic review of 80 articles (2017–2023) identifies key factors influencing adoption, including perceived usefulness, ease of use, social influence, and facilitating conditions. Emerging factors, such as financial literacy, hedonic motivation, and trust, are especially important during crises, such as the COVID-19 pandemic. However, gaps remain in understanding how evolving perceptions of security and trust impact sustained adoption, particularly in decentralized environments, such as blockchain networks and crypto assets, where algorithmic transparency replaces institutional intermediaries. This chapter proposes integrating trust, security, and user perceptions into existing models to create a cohesive framework applicable across fintech services. The findings provide actionable insights for researchers and industry stakeholders to enhance user acceptance and guide future innovation.
Sudarsono Sudarsono, Adhi Surya Harahap, John Sihar Manurung
This study reviews recent international literature (2024–2025) on the application of blockchain in financial management. The findings indicate that blockchain contributes significantly across various areas, including supply chain finance (SCF), financial reporting, working capital management, asset tokenization, and decentralized finance (DeFi). In SCF, blockchain improves transaction traceability, reduces information asymmetry, and lowers the risk of supply chain disruptions. In financial reporting, blockchain-based e-invoicing enhances transparency, accountability, and reduces the cost of equity by improving investor confidence. The integration of blockchain into working capital management enables real-time synchronization of financial and operational data, thereby strengthening decision-making and liquidity optimization. Meanwhile, asset tokenization creates opportunities for democratizing investment access and diversifying funding sources. DeFi, while offering innovative financing alternatives and disrupting traditional financial intermediaries, remains strongly influenced by global macroeconomic dynamics and regulatory frameworks. Furthermore, blockchain enhances cross-border trade efficiency by streamlining document verification, reducing transaction delays, and fostering trust among international trading partners. Despite these substantial benefits, blockchain adoption continues to face challenges, such as regulatory uncertainty, cybersecurity risks, scalability limitations, and digital asset volatility. Overall, the synthesis of literature highlights blockchain not only as a technological innovation but also as a strategic pillar in modern financial governance. This study also suggests that future research should examine the integration of blockchain with global regulatory frameworks, green finance initiatives, and sustainable financial practices to ensure both scalability and long-term resilience.
Purpose: This research analyzes the comparative risks, scalability, and adoption of decentralized finance (DeFi) versus centralized fintech solutions in the context of Saudi Arabia. It seeks to explain the models' acceptance and intended focus on the challenges and opportunities each model presents within the financial landscape of the Kingdom. Methodology: The research followed a survey-based design which fit the systematic collection of data to be analyzed quantitatively. Stratified random sampling was used to select a representative diverse demographic sample of 525 participants. Data analysis was performed using Partial Least Squares Structural Equation Modeling (PLS-SEM) which assessed the interplay between DeFi and centralized fintech platforms through perceived risks, scalability, and adoption factors. Findings: The results demonstrated that Centralized Fintech has a marked impact on fintech adoption in Saudi Arabia, noting importance of trust and regulation. DeFi did not have any appreciable impact on adoption. Perceived Trust and Security and Financial Literacy does not appear to mediate or moderate the relationship these models have with adoption suggesting stronger external influences, such as regulatory environment, drive change. Limitations/implications: The scope of this study is limited by Saudi Arabia’s context and the use of self-reported data. Other regions could be studied along with the undergoing regulatory change, along with socio-economic factors concerning fintech adoption. Originality/value: This research is unique in focusing on the comparative analysis of DeFi and Centralized Fintech in Saudi Arabia. It also serves as an information source for policymakers and fintech developers in formulating policies aimed at increasing the region’s fintech adoption.
This study empirically examined the relationship between digital banking and business financing in Nigeria. The objective was to examine the relationship between various digital banking policies and the effect on business financing. Time series data were sourced from Central Bank of Nigeria statistical bulletin from 1992-2024. Multiple regression models were specifically estimated with the aid of econometrics view. The study modeled business financing as the function of Automated teller machine, Point of Sales and Electronic fund transfer. Ordinary least square methods of cointegration, unit root test and Vector error correction model was used. The study found that 40.1 percent movement in small business financing can be traced to variation in digital banking policy. The study found that point of sales have negative effect while electronic fund transfer and automated teller machine have positive effect on business financing in Nigeria. From the findings, the study concludes that digital banking does not significantly explained variation in small business financing in Nigeria. The study recommends that Central Bank of Nigeria should induce the variations of the bank liquidity policy. That the monetary authorities should ensure adequate quantity of money supply that positively affect private sector funding in Nigeria and the need to decentralize the operation of the banks in the urban cities. Policies should be formulated to extend the operation of the banks to the rural communities, this will enable the institutions to mobilize much deposit and increase credit to business organizations
Cryptocurrency is a digital asset accessible to the public and utilized for legal and illegal activities. While it serves as a medium of exchange and is recognized as a legal payment method in some countries, it has yet to attain such status in Indonesia. Nevertheless, by mid-2021, the number of Cryptocurrency investors in Indonesia had reached 6.5 million, with transaction values totaling 370.4 trillion rupiahs—surpassing the 5.37 million capital market investors recorded simultaneously. This study explores the profiles of Cryptocurrency investors. It also uses purposive sampling and multiple regression analysis to examine how awareness and perceived ease of use influence their motivation to adopt cryptocurrency. The findings reveal that awareness and ease of use significantly affect adoption motivation. These insights contribute to a better understanding of consumer behavior in the context of Cryptocurrency adoption. Keywords: Crypto Currency, Profile, Awareness, Ownership Motivations Abstrak Cryptocurrency adalah aset digital yang dapat diakses oleh publik dan digunakan untuk kegiatan baik secara legal dan ilegal. Meskipun berfungsi sebagai alat tukar dan diakui sebagai metode pembayaran legal di beberapa negara, masih banyak negara yang belum mengadopsi Cryptocurrency sebagai metode pembayaran ilegal salah satunya adalah Indonesia. Meski demikian, pada pertengahan 2021, jumlah investor mata uang kripto di Indonesia telah mencapai 6,5 juta, dengan nilai transaksi sebesar 370,4 triliun rupiah melampaui 5,37 juta investor pasar modal yang tercatat secara serentak. Studi ini dilakukan untuk mengeksplorasi profil investor cryptocurrency. Ini juga menggunakan purposive sampling dan analisis regresi berganda untuk memeriksa bagaimana kesadaran dan kemudahan penggunaan yang dirasakan memengaruhi motivasi mereka untuk mengadopsi cryptocurrency. Temuan ini mengungkapkan bahwa kesadaran dan kemudahan penggunaan secara signifikan mempengaruhi motivasi adopsi. Wawasan ini berkontribusi pada pemahaman yang lebih baik tentang perilaku konsumen dalam konteks adopsi mata uang kripto.Kata kunci: Cryptocurrency, Profil, Kesadaran, Motivasi Kepemilikan
Yusril Rahman Hakim, Muchammad Rio Nugroho, Muhammad Hadyul Haq, Ladi Wajuba Perdini Fisabilillah · 5 authors
Sektor perbankan memiliki peran penting dalam perekonomian Indonesia, sehingga faktor-faktor yang memengaruhi harga saham perbankan menjadi menarik untuk diteliti. Penelitian ini bertujuan untuk menganalisis pengaruh harga Bitcoin, harga emas, dan BI Rate terhadap harga saham perbankan yang terdaftar di Bursa Efek Indonesia selama periode Januari 2022 hingga November 2024. Metode penelitian yang digunakan adalah pendekatan kuantitatif dengan regresi data panel berbasis Random Effect Model (REM). Data yang digunakan berupa data sekunder dari situs Investing.com. Hasil penelitian menunjukkan bahwa harga Bitcoin dan BI Rate memiliki pengaruh positif dan signifikan terhadap harga saham perbankan, sementara harga emas tidak memiliki pengaruh signifikan. Hal ini mengindikasikan bahwa Bitcoin sebagai aset digital alternatif semakin memengaruhi dinamika pasar keuangan, sedangkan emas lebih dianggap sebagai aset pelindung nilai tanpa keterkaitan langsung dengan saham perbankan. BI Rate yang meningkat juga mencerminkan kinerja positif perusahaan perbankan, sehingga menarik perhatian investor. Penelitian ini memberikan wawasan mengenai peran instrumen investasi alternatif dan kebijakan moneter dalam menentukan dinamika pasar saham perbankan.
Cryptocurrency in Indonesia has begun to develop and is starting to be widely used by businessmen in Indonesia. This is a phenomenon given the need for accounting treatment for cryptocurrency transactions. This research seeks to explore and test cryptocurrency and blockchain technology with the approach and review of PSAK in Indonesia and focuses on accounting treatment for cryptocurrencies in Indonesia. The purpose of this study is to conduct an accounting study for cryptocurrencies based on PSAK that applies in Indonesia. The study used a review literature model to figure out accounting for cryptocurrencies.
The development of cryptocurrencies continues to experience a very rapid in-crease with the prediction of average growth of more than 1 million investors every month around the world. However, it is different in Indonesia, people do not know widely what cryptocurrency is and how to invest in cryptocurrency. The Indonesian Ministry of Trade noted that in the second quarter (Q2) of 2020, cryptocurrency investors experienced an increase of up to 6.4 million investors, but when compared to the total population of Indonesia, this figure is still very far below 1%, plus economic conditions after the Coronavirus pandemic are getting worse. discourage people from investing. When viewed from the fundamental side, cryptocurrency assets can be said to be quite strong against the pandemic, compared to the stock market and mutual funds listed on the Indonesian stock exchange (IDX) which have decreased due to the coronavirus pandemic. In this study, we propose a gamification method by focusing on the introduction of cryptocurrency investments with the aim that people in Indonesia can be more familiar with and invest in cryptocurrency, the methods, and systems that we propose will at the same time reward users in the form of crypto assets to attract people to better understand the opportunities. investing in cryptocurrency.
Penelitian ini bertujuan untuk memetakan tren penelitian terkait Digital Financial Reporting (DFR) menggunakan pendekatan bibliometrik berbasis data dari Scopus. Analisis dilakukan menggunakan perangkat lunak VOSviewer untuk mengidentifikasi jaringan ko-kutipan, kolaborasi antar penulis, institusi, dan evolusi topik penelitian dari tahun 2000 hingga 2024. Hasil penelitian menunjukkan peningkatan signifikan dalam publikasi tentang DFR, khususnya setelah tahun 2020, dengan fokus pada kualitas informasi akuntansi, keberlanjutan (sustainability accounting), dan inovasi teknologi seperti blockchain dan decentralized finance. Penulis dan institusi terkemuka, seperti "al-okaily m." dan Financial University under the Government of the Russian Federation, memainkan peran penting dalam menyebarkan pengetahuan di bidang ini. Meskipun tantangan seperti resistensi organisasi, standar global, dan keamanan data tetap ada, penelitian ini menunjukkan bahwa DFR memiliki potensi besar untuk meningkatkan transparansi, akuntabilitas, dan efisiensi pelaporan keuangan. Temuan ini memberikan wawasan penting bagi peneliti, praktisi, dan pembuat kebijakan untuk mengarahkan pengembangan DFR di masa depan.
Nelly Nur Rohmah, Nu’matun Najibah, Amelia Rohmawati, Pungky Lela Saputri
The development of information and communication technology has driven significant innovation in the financial sector through Financial Technology (Fintech). This article explores the role of Fintech in shaping the global market for digital currencies and its impact on economic stability. Using a qualitative descriptive approach and literature review, this study finds that Fintech, through technologies such as blockchain, peer-to-peer (P2P) lending, and Decentralized Finance (DeFi), facilitates efficient cross-border transactions, enhances financial inclusion, and creates a more interconnected global financial ecosystem. Additionally, digital currencies such as cryptocurrencies and Central Bank Digital Currencies (CBDCs) offer potential benefits in transaction efficiency, transparency, and reduced global transaction costs. However, the adoption of digital currencies also presents challenges, including high value volatility, risks to monetary policy, and opportunities for illegal activities such as money laundering. This article recommends the importance of comprehensive global regulatory policies to mitigate risks, control the circulation of digital currencies, and ensure economic stability in the digital era. Thus, Fintech and digital currencies can be optimized as catalysts for supporting inclusive and sustainable global economic growth.
Ahmad Dahlan Salleh, Muhammad Amir Husairi Che Rani
Bitcoin represents a new currency because of innovation to the current payment system. Its emergence as a decentralized virtual currency with its high value is the main attraction of its ownership. Nonetheless, with various innovations provided, bitcoin encounters legitimacy issues, regulatory ambiguity and being a platform for illegal activities. Thus, the main objective of this chapter is to identify bitcoin status as property according to the Islamic scholar’s views. It also aims to investigate and analyze bitcoin status as al-nuq?d (money) according to the Islamic scholar’s views and its position as virtual currency according to shariah perspective. This chapter framework applies qualitative methodology with content analysis methods. Data collection relies on document analysis descriptively from printed materials such as books, related academic writing and reliable internet sources. It reveals that bitcoin did not qualify as a property as determined by the jurists based on the risk of bitcoin’s speculation and the risk of security breaches that resulted in the loss of bitcoin owned thus categorizing bitcoin as a speculative investment and high-risk asset. The absence of thamaniyyah on bitcoin and the complexity of using bitcoin as unit of value as well as the occurrence of hacking series and malware attacks show that bitcoin does not function as al-nuq?d (money) even bitcoin is just a high-risk alternative payment method and insecure asset. This chapter also found that bitcoin is only a method of payment that is not generally accepted as a currency according to shariah based on the absence of public acceptance and the existence of ?arar (harm) as well as the risk of using bitcoin as a means of payment. This chapter proposes shariah regulations on the use of bitcoin to ensure the legitimacy of the use of currency in fulfilling the provisions of ?if? al-m?l (preservation of wealth).