The digital transformation of Islamic finance encourages the evolution of musharakah contracts into a technology-based crowdfunding ecosystem. However, this change also presents a more complex moral hazard risk due to the limitations of direct supervision. This research aims to synthesize the scientific literature for the period 2015-2025 in order to map the digital evolution of musharakah contracts and formulate a moral hazard risk mitigation framework that is adaptive to the characteristics of sharia crowdfunding platforms. The study uses a Systematic Literature Review (SLR) with a descriptive-analytical approach across 15 reputable scientific articles. The findings show that the moral hazard in sharia crowdfunding stems from information asymmetry, weaknesses in digital financial reporting, and limited platform oversight capacity, which collectively weakens the integrity of profit-sharing-based contracts. Effective mitigation requires the integration of four dimensions, namely algorithmic technology such as blockchain and smart contracts, strengthening digital sharia supervisory institutions, updating specific OJK regulations, and increasing the capacity of Islamic financial literacy, which together form the concept of Algorithmic Sharia Governance as a novelty in this study.
The main objective of this study was to examine the effect of blockchain technology on future of external auditing in Nigeria. Decentralized network and consensus mechanism were the proxies for blockchain technology. Thus, two hypotheses were formulated to guide the investigation and the statistical test of parameter estimates was conducted using least squares regression model operated with E-Views.12. Survey design was adopted and data for the study was obtained through the use of e-questionnaire survey sent to the various Staff WhatsApp Group Platform of the selected audit firms in Anambra State Nigeria. The results of the study reveal that the use of decentralized network has positive and significant effect on the future of external auditing in Nigeria at 1% level of significance. Also, the use of consensus mechanism in auditing has positive and significant effect on the future of external auditing in Nigeria at 5% significant level. Based on this, the study concludes that blockchain technology ensure the future of external auditing in Nigeria. In lieu of the findings of the study, the study recommends for the continual use of decentralized network in auditing as the future of external auditing lies on it. Also, the use of consensus mechanism should also be encouraged as it ensures accuracy and reliability in audit reporting.
Sofiatin Nur Afifah, Isnaini Rosyida, Webbyani Kartika Sari
This study aims to analyze the effect of Blockchain technology adoption and corporate transparency on firm value, with audit quality as a moderating variable, in State-Owned Enterprises (SOEs) listed on the Indonesia Stock Exchange for the 2021–2025 period. The study used a quantitative approach with secondary data obtained from annual reports and company financial statements. The sample was determined using a purposive sampling technique, resulting in 13 SOEs with a total of 65 observations. Data analysis was performed using the Structural Equation Modeling–Partial Least Squares (SEM-PLS) method through SmartPLS. The results showed that Blockchain technology adoption had a positive and significant effect on firm value (β = 0.287; t = 2.806; p = 0.006), while corporate transparency had no significant effect on firm value (β = 0.020; t = 0.180; p = 0.857). Audit quality also has a positive and significant effect on firm value (β = 0.490; t = 8.187; p < 0.001). As a moderating variable, audit quality is proven to strengthen the influence of Blockchain technology adoption on firm value (β = 0.195; t = 2.744; p = 0.007), but is unable to moderate the relationship between corporate transparency and firm value (β = -0.068; t = 0.955; p = 0.341). These findings indicate that Blockchain implementation supported by high audit quality can increase investor confidence and firm value, while corporate transparency has not been a major factor in increasing firm value in SOEs.
Penelitian ini bertujuan untuk menganalisis perkembangan literatur mengenai pemanfaatan teknologi digital dalam meningkatkan kualitas audit melalui pendekatan bibliometrik. Data penelitian diperoleh dari database Scopus dengan menggunakan kata kunci yang berkaitan dengan audit quality, auditing, dan berbagai teknologi digital. Setelah melalui proses penyaringan berdasarkan periode publikasi, bidang ilmu, jenis dokumen, dan bahasa, diperoleh 435 artikel yang diterbitkan pada periode 2011–2025. Analisis dilakukan menggunakan Biblioshiny pada paket Bibliometrix di R Studio untuk memetakan tren publikasi, sumber publikasi utama, penulis paling berpengaruh, jaringan kolaborasi, serta perkembangan tema penelitian. Hasil penelitian menunjukkan bahwa jumlah publikasi mengalami pertumbuhan yang signifikan dengan dominasi tema artificial intelligence, blockchain, big data analytics, dan machine learning. Journal of Emerging Technologies in Accounting dan International Journal of Accounting Information Systems menjadi sumber publikasi utama, sedangkan Vasarhelyi M.A. merupakan penulis paling berpengaruh dalam bidang ini. Analisis tematik menunjukkan bahwa audit quality masih berada pada kategori emerging themes, yang mengindikasikan perlunya penelitian lebih lanjut mengenai dampak teknologi digital terhadap kualitas audit. Temuan ini memberikan gambaran komprehensif mengenai evolusi penelitian audit berbasis teknologi dan peluang pengembangan penelitian di masa depan.
The rapid increase in cryptocurrency adoption among Generation Z in Indonesia has raised concerns regarding investment decision-making in highly volatile digital asset markets. This study examines the influence of herding behavior, social media exposure, and fear of missing out (FOMO) on cryptocurrency investment decisions, with financial literacy as a moderating variable. A quantitative approach was employed using survey data from 200 Generation Z cryptocurrency investors in Pontianak City. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4. The results show that herding behavior and social media significantly influence investment decisions. Fear of missing out also affects investor decision-making. Financial literacy moderates the relationship between herding behavior and investment decisions as well as between social media and investment decisions, but does not moderate the relationship between FOMO and investment decisions. These findings indicate that cryptocurrency investment decisions among Generation Z are influenced by social interactions and emotional biases.
This study addresses the persistent challenges of limited transparency and inefficiency in accounting information systems, particularly in the context of financial reporting and auditing. It aims to examine the role of blockchain in enhancing transparency and improving audit processes within accounting systems. The research adopts a systematic literature review approach by analyzing 43 selected academic articles and relevant industry reports published between 2019 and 2026. The analysis focuses on identifying key characteristics, mechanisms, and implications of blockchain adoption in accounting practices. The findings indicate that blockchain has strong potential to improve data transparency, traceability, and reliability through features such as distributed ledgers, immutability, and smart contracts. These characteristics support real-time financial reporting and enable more continuous and efficient audit processes. The study also identifies several implementation challenges, including regulatory uncertainty, high adoption costs, and limited professional expertise. Furthermore, this research proposes a conceptual framework integrating blockchain into accounting information systems to support better governance and decision-making. The study contributes to the growing discourse on digital transformation in accounting, particularly in emerging economies.
The convergence of digital accounting and blockchain technology represents one of the most consequential transformations in contemporary financial management. This study conducts a systematic literature review to examine how blockchain technology reshapes financial record-keeping, transparency, auditability, and accountability in the era of decentralization. Drawing from 25 peer-reviewed publications spanning 2021 to 2026, this research synthesizes empirical findings and theoretical frameworks concerning the adoption, implementation, and outcomes of blockchain-based accounting systems. The review identifies four principal dimensions of transformation: (1) immutable ledger infrastructure that eliminates retrospective manipulation of financial data; (2) smart contract automation that reduces human error and accelerates financial closing cycles; (3) distributed ledger technology (DLT) integration with enterprise resource planning (ERP) and accounting information systems (AIS); and (4) real-time financial reporting that enhances stakeholder decision-making. This paper further explores persistent challenges, including regulatory ambiguity, interoperability limitations, energy consumption concerns, and the skills gap among accounting professionals. The novelty of this study lies in its integration of ESG reporting dimensions and decentralized governance implications into the blockchain-accounting nexus, areas insufficiently addressed in prior reviews. Findings indicate that blockchain adoption can reduce financial fraud, improve audit efficiency by up to 40%, and enable continuous real-time reporting, fundamentally altering the role of the accountant in a digitally decentralized economy.
This study aims to examine the effect of Bitcoin risk perception on stock investment decisions by considering the mediating roles of financial literacy and investor trust. The rapid development of digital financial technology, particularly cryptocurrencies, has introduced new dimensions of risk that influence investor behavior across financial instruments. This research adopts a quantitative approach with an explanatory design, involving 120 respondents selected through purposive sampling. Data were collected using structured questionnaires and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that Bitcoin risk perception has a positive and significant effect on financial literacy, investor trust, and stock investment decisions. Furthermore, financial literacy and investor trust significantly influence stock investment decisions and serve as partial mediators in the relationship between Bitcoin risk perception and investment decisions. These findings suggest that higher awareness of cryptocurrency risk encourages individuals to enhance their financial understanding and develop rational trust, ultimately leading to more informed investment decisions in the stock market. This study contributes to the integration of behavioral finance and financial technology by highlighting the indirect mechanisms through which risk perception shapes investment behavior. Practically, the results emphasize the importance of financial education and transparent information in improving investor decision-making in the digital era.
Penelitian ini bertujuan mengimplementasikan smart contract Ethereum dengan pendekatan hybrid untuk memperkuat verifikasi dokumen dan transparansi pada sistem crowdfunding beasiswa. Permasalahan utama yang diangkat adalah rendahnya kepercayaan publik terhadap platform donasi pendidikan ketika dokumen persyaratan, status verifikasi, dan realisasi penggunaan dana hanya dikelola melalui basis data terpusat. Metode yang digunakan adalah penelitian pengembangan perangkat lunak dengan model prototype yang mencakup komunikasi kebutuhan, perencanaan cepat, pemodelan desain, konstruksi prototipe, serta penyerahan dan evaluasi umpan balik. Sistem dibangun menggunakan Next.js, SQLite, Prisma ORM, Solidity, Ethers.js, MetaMask, dan jaringan Ethereum Sepolia Testnet. Hasil penyusunan sistem menunjukkan bahwa arsitektur hybrid mampu memisahkan penyimpanan dokumen fisik secara off-chain dari pencatatan bukti integritas secara on-chain. Smart contract ScholarshipRegistry dirancang untuk mencatat hash dokumen, status verifikasi, alamat wallet verifikator, timestamp, dan log nominal donasi tanpa menggunakan mata uang kripto sebagai alat pembayaran. Fitur audit publik memungkinkan donatur dan masyarakat mencocokkan hash dokumen, memantau bukti pencairan dana, serta melaporkan indikasi kejanggalan. Secara kritis, blockchain meningkatkan integritas rekam jejak, tetapi tidak otomatis menjamin kebenaran substantif isi dokumen; karena itu validasi administratif, kontrol akses, dan mekanisme pelaporan publik tetap diperlukan. Penelitian ini berkontribusi pada model crowdfunding beasiswa yang lebih transparan, efisien, dan dapat diaudit. This study aims to implement an Ethereum smart contract using a hybrid approach to strengthen document verification and transparency in a scholarship crowdfunding system. The main problem addressed is the limited public trust in digital education donation platforms when eligibility documents, verification status, and fund realization records are controlled only through a centralized database. The study applied a software development method based on the prototype model, consisting of communication, quick planning, quick design modeling, prototype construction, and delivery with feedback evaluation. The prototype was developed using Next.js, SQLite, Prisma ORM, Solidity, Ethers.js, MetaMask, and the Ethereum Sepolia Testnet. The resulting design demonstrates that the hybrid architecture can separate physical document storage in an off-chain layer from integrity proof recording in an on-chain layer. The ScholarshipRegistry smart contract records document hashes, verification status, verifier wallet addresses, timestamps, and donation amount logs without using cryptocurrency as the payment instrument. The public audit feature enables donors and the public to compare document hashes, monitor disbursement evidence, and submit reports on suspected irregularities. Critically, blockchain improves the integrity of audit trails, but it does not automatically verify the substantive truth of uploaded documents; therefore, administrative validation, role-based access control, and participatory reporting remain necessary. This study contributes a transparent, cost-efficient, and auditable model for scholarship crowdfunding systems.
This research paper provides an exhaustive and multi-dimensional analysis of the relationship between financial literacy and the investment behaviors of the teenage demographic (ages 13–19). In the contemporary era, characterized by the "fintech revolution" and the ubiquitous nature of digital assets, traditional barriers to entry in financial markets have largely disintegrated. Consequently, adolescents are now engaging with highly complex and volatile financial instruments, including fractional equities, cryptocurrencies, and non-fungible tokens (NFTs), often before they have attained a basic understanding of economic principles. This study identifies a critical "literacy-participation gap" that exposes young investors to unprecedented risks. Utilizing a qualitative-descriptive meta-synthesis, the paper integrates perspectives from behavioral economics, social learning theory, and adolescent neurobiology to evaluate how varying levels of financial knowledge influence risk perception, asset selection, and long-term financial health. The findings suggest that while high levels of financial literacy correlate with diversified portfolios and risk-mitigation strategies, the "gamified" architecture of modern trading platforms and the influence of social media "finfluencers" often override rational decisionmaking processes. The paper concludes with an urgent call for a paradigm shift in financial pedagogy, advocating for the integration of digital media literacy and behavioral psychology into standard secondary education to foster a more resilient generation of investors.
Purpose: Cyber fraud and money laundering are growing threats to the integrity of operations in the Nigerian banking sector, which undercuts the confidence of customers. This study examined the influence of FinTech solutions specifically smart contracts and cryptographic security on fraud prevention in Nigerian deposit money banks (DMBs), in view of the increasing incidence of cyber fraud and money laundering in the sector. Methodology: The study adopted a quantitative research design, underpinned by the Technology Acceptance Model (TAM), agency theory, and control theory. A cross-sectional survey was conducted on 312 management and IT employees drawn from five selected DMBs in Lagos State. Data collected were analyzed using descriptive statistics and multiple regression analysis. Results and conclusion: The findings revealed that smart contracts have a positive and statistically significant effect on the prevention of cyber fraud (r = 0.408, p < 0.001), while cryptographic security exerts a strong and significant influence on the prevention of money laundering (r = 0.433, p < 0.001). The study concluded that these FinTech solutions are effective tools for enhancing fraud prevention and improving the security architecture of Nigerian banks. Implication of findings: The study implies that deposit money banks should prioritize investment in FinTech innovations, while regulatory authorities should establish supportive frameworks to facilitate their adoption, thereby strengthening financial security and restoring customer confidence in the banking system.
Adegboyega Afolabi, Modupe M. Adesemowo, Olayemi O. Amosun, M. Olamide Otuyelu · 6 authors
As digital intermediation accelerates, Nigerian deposit money banks (DMBs) confront rising cyber-enabled fraud since the launch of Bitcoin in 2009, despite ongoing reforms. Most blockchain research still centres on cryptocurrencies, with relatively few studies examining their applications in other industries. This study investigates whether blockchain technology (smart contracts, permissioned distributed ledgers, and secure digital wallets) is associated with lower fraud in Nigerian DMBs.Using survey data from 120 bankers across five institutions spanning international, national, and regional licenses, we estimate Ordinary Least Squares (OLS) models relating each BCT dimension, and a composite index, to two outcomes: spread of fraud (SOF) and internet fraud activities (IFA). Reliability analysis shows strong internal consistency (α = 0.75–0.91). Models include robustness checks for multicollinearity and specification. Results indicate that higher perceived deployment of smart contracts, distributed ledger, and digital wallet capabilities is negatively and significantly associated with SOF and IFA; a composite BCT index positively predicts overall fraud-reduction assessments. These findings align with recent sectoral evidence that blockchain adoption lowers fraud-related costs and enhances transaction integrity in banking. Given Nigeria’s elevated incidence of electronic fraud in retail payments, the practical implication is that embedding programmable controls, tamper-evident shared records, and cryptographic authentication can harden high-risk processes. We recommend that regulators and DMBs advance permissioned BCT pilots integrated with Anti-Money Laundering (AML) and Know Your Customer (KYC) workflows, strengthen reporting standards, and build human-capital readiness. Beyond cryptocurrency, enterprise-grade BCT offers credible pathways to reduce fraud externalities and improve operational resilience in Nigeria’s banking sector. Keywords: Blockchain; Smart contracts; Distributed ledger; Digital wallet; Bank fraud; Nigeria.
This study examines the determinants of transparency and accountability in village financial management, focusing on the roles of village facilitator competence, village government commitment, and oversight by the Village Consultative Body (BPD). Grounded in good governance and principal–agent theory, the study addresses persistent governance challenges at the village level, where substantial public funds are managed amid limited administrative capacity and uneven institutional oversight. Using a quantitative design, primary data were collected through a structured survey administered to 510 respondents from 85 villages in Donggala and Sigi Regencies, Indonesia. The data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS), enabling simultaneous testing of direct and mediating relationships among governance variables. The results show that village facilitator competence, village government commitment, and BPD oversight each have significant positive effects on financial transparency and accountability. Importantly, transparency plays a central mediating role, indicating that the effects of competence, commitment, and oversight on accountability are largely transmitted through improved information disclosure. These findings confirm that accountability in village financial management is difficult to achieve without adequate transparency mechanisms that reduce information asymmetry between village governments and the community. Theoretically, this study extends the application of good governance and principal–agent theory to the village governance context by empirically validating transparency as a key governance mechanism linking institutional factors to accountability outcomes. Practically, the findings highlight the importance of strengthening facilitator capacity, fostering integrity-driven leadership commitment, and enhancing the effectiveness of BPD supervision as integrated strategies to improve village financial governance. By providing evidence from a large-sample empirical study, this research offers insights for policymakers and practitioners seeking to promote transparent and accountable village finance management in decentralized governance systems.
Riyan Yusuf Octafia, Amalia Nur Chasanah, Usman Usman, Bara Zaretta
This study aims to analyze the influence of the Bitcoin economy on the money supply (M1) in Indonesia, with Bitcoin volatility as an intervening variable. Using a quantitative approach, the data consists of 36 monthly time-series observations from 2022 to 2024. Data analysis techniques include regression analysis adjusted with the Prais-Winsten method to address autocorrelation issues, the Sobel test for mediation analysis, and path analysis. The results indicate that the Bitcoin economy has a direct, positive, and significant effect on the money supply (M1) in Indonesia. However, the Bitcoin economy was found to have a negative and non-significant effect on Bitcoin volatility. Similarly, Bitcoin volatility exerts a negative but non-significant influence on the money supply (M1). The Sobel test results prove that Bitcoin volatility does not function as an intervening variable mediating the relationship between the Bitcoin economy and the money supply (M1). These findings suggest that while the expansion of the Bitcoin ecosystem encourages an increase in domestic monetary liquidity, the price fluctuations of digital assets have not yet become a transmission channel that significantly disrupts the stability of national monetary aggregates.
Abstract Blockchain technology is emerging as a transformative innovation in the field of accounting by enhancing transparency, accuracy, and reliability of financial information. Traditional accounting systems often face challenges such as data manipulation, lack of real-time reporting, and dependence on centralized control. Blockchain, with its decentralized and immutable nature, provides a secure platform for recording financial transactions in a transparent and verifiable manner. Each transaction is recorded in a distributed ledger that cannot be altered without consensus, reducing the chances of fraud and errors. This technology also supports real-time data sharing among stakeholders, improving trust and accountability in financial reporting. The study explores how blockchain can improve accounting practices, auditing processes, and financial decision-making while highlighting its benefits, challenges, and future potential in the accounting profession.
Penelitian ini bertujuan untuk memetakan perkembangan dan arah evolusi riset mengenai perilaku investor di era digital melalui pendekatan bibliometrik. Data dikumpulkan dari basis data Scopus dan dianalisis menggunakan perangkat VOSviewer untuk mengidentifikasi pola publikasi, jaringan kolaborasi, serta struktur konseptual berdasarkan ko-occurence kata kunci. Hasil analisis menunjukkan bahwa tema investasi dan pasar keuangan tetap menjadi fondasi utama literatur, namun dalam beberapa tahun terakhir terjadi pergeseran signifikan menuju integrasi teknologi digital seperti machine learning, artificial intelligence, cryptocurrency, dan decentralized finance. Visualisasi overlay memperlihatkan bahwa topik berbasis algoritma dan sistem keuangan terdesentralisasi merupakan tema yang relatif lebih mutakhir. Analisis jaringan kolaborasi mengindikasikan bahwa produksi ilmiah masih terpusat pada beberapa negara dan institusi tertentu, dengan keterlibatan terbatas dari negara berkembang. Secara konseptual, studi ini menunjukkan bahwa perilaku investor di era digital berkembang dari pendekatan psikologis tradisional menuju kerangka yang lebih terintegrasi dengan transformasi teknologi dan analitik berbasis data. Temuan ini memberikan arah penelitian lanjutan terkait bias perilaku dalam lingkungan investasi yang semakin terdigitalisasi dan dimediasi algoritma.
This study aims to map the intellectual structure and research trends in MSME financing through a bibliometric analysis of scientific publications indexed in the Scopus database. Using VOSviewer as the primary analytical tool, this research examines keyword co-occurrence, overlay visualization, density mapping, co-authorship networks, institutional collaboration, and country collaboration patterns to identify dominant themes and emerging research directions. The findings indicate that MSMEs remain the central focus within the financing literature, closely associated with financial inclusion, financial literacy, digital transformation, and entrepreneurial finance. The evolution of research shows a transition from traditional microfinance and banking perspectives toward digitally enabled and innovation-driven financing ecosystems. Density analysis highlights financial inclusion as a highly concentrated research area, while themes such as decentralized finance and risk management appear as emerging opportunities for future studies. Collaboration patterns reveal strong interconnectedness among authors and institutions, with significant contributions from Asian countries, particularly India, China, and the Philippines, reflecting the importance of MSMEs in developing economies. This study provides a comprehensive overview of the development, structure, and future research agenda of MSME financing literature, offering valuable insights for scholars, policymakers, and practitioners seeking to strengthen inclusive and sustainable financial systems for MSMEs.
Materi ini membahas aspek praktis investasi dan trading aset kripto dengan pendekatan literasi risiko dan kehati-hatian, khususnya untuk membantu peserta memahami bahwa kripto pada dasarnya merupakan aset, sehingga interaksinya harus dianalisis sebagaimana interaksi pada ekosistem aset pada umumnya. Pembahasan dimulai dari kerangka besar ekosistem kripto yang menempatkan pengguna (aktor), platform (venue), dan aset (goods) sebagai tiga elemen utama pembentuk risiko, kemudian dilanjutkan dengan pengenalan spektrum aset kripto (coin, token, dan NFT), mekanisme kustodi (custodial vs non-custodial), serta pentingnya pengamanan private key dan seed phrase. Materi juga menguraikan mekanisme transaksi pada pasar spot di CEX (order book) dan DEX (AMM), termasuk peran liquidity provider, arbitrage, slippage, dan risiko likuiditas. Selain itu, dijelaskan berbagai aktivitas dalam ekosistem Web3 seperti staking, lending-borrowing DeFi, strategi long/short berbasis jaminan, hingga bahaya derivatif dan leverage yang dapat memicu likuidasi cepat. Selanjutnya, materi menekankan pentingnya analisis fundamental (tokenomics, aktivitas developer, metrik finansial, dan data on-chain), serta memberikan pengantar mengenai aset dunia nyata yang ditokenisasi (RWA), metaverse, dan NFT beserta parameter evaluasinya (provenance, kolektibilitas, utilitas, finansial, roadmap, dan komunitas). Pada sisi mitigasi risiko, materi memetakan bahaya utama di ekosistem kripto—mulai dari risiko CEX, token, DeFi, hingga interaksi sosial (phishing, social engineering, pig butchering, dan FOMO)—serta menawarkan kerangka due diligence 6D (Define, Document, Diversify, Detect, Defend, Discipline) sebagai panduan pengambilan keputusan yang lebih rasional. Kesimpulan utama materi ini menegaskan bahwa risiko utama dalam kripto bukan hanya terletak pada instrumennya, tetapi juga pada kualitas riset, pengendalian diri, dan kemampuan menjaga diri pengguna saat berinteraksi dengan ekosistem digital.
Penelitian ini bertujuan untuk menganalisis pengaruh harga Bitcoin, Ethereum, indeks S&P 500, dan emas terhadap volatilitas harga Xrp. Xrp sebagai salah satu aset kripto dengan kapitalisasi pasar besar menunjukkan tingkat volatilitas yang tinggi, sehingga penting untuk memahami faktor-faktor eksternal yang memengaruhi pergerakan volatilitasnya. Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder berbentuk time series. Data yang digunakan meliputi harga Bitcoin, Ethereum, S&P 500, emas, serta harga Xrp yang diperoleh dari sumber terpercaya seperti Investing.com dan Coinglass selama periode pengamatan tertentu. Volatilitas harga Xrp dianalisis menggunakan model Multivariate Generalized Autoregressive Conditional Heteroskedasticity untuk menangkap karakteristik volatilitas yang bersifat time-varying, clustering, serta keterkaitan volatilitas antar aset. Hasil penelitian menunjukkan bahwa harga Bitcoin berpengaruh signifikan terhadap volatilitas harga Xrp, yang mengindikasikan adanya keterkaitan volatilitas yang kuat antara kedua aset kripto tersebut. Sementara itu, harga Ethereum, indeks S&P 500, dan emas tidak menunjukkan pengaruh signifikan terhadap volatilitas harga Xrp. Temuan ini mengindikasikan bahwa volatilitas Xrp lebih sensitif terhadap dinamika pergerakan Bitcoin dibandingkan dengan aset kripto lainnya maupun aset keuangan tradisional. Penelitian ini memberikan implikasi penting bagi investor dan pelaku pasar dalam pengambilan keputusan investasi, khususnya dalam mengelola risiko pada aset kripto. Selain itu, hasil penelitian ini diharapkan dapat menjadi referensi bagi penelitian selanjutnya terkait keterkaitan volatilitas antar aset kripto dan integrasinya dengan pasar keuangan global
Perkembangan teknologi digital telah mentransformasi praktik akuntansi secara fundamental, memperluas perannya dari sekadar sistem pencatatan dan pelaporan menjadi instrumen strategis dalam pengambilan keputusan keuangan. Seiring dengan meningkatnya volume dan kompleksitas literatur mengenai akuntansi digital, diperlukan pemetaan sistematis untuk memahami struktur intelektual, tema penelitian utama, serta arah perkembangan bidang ini. Studi ini bertujuan untuk memetakan lanskap penelitian digital accounting dalam financial decision making menggunakan pendekatan bibliometrik. Data penelitian diperoleh dari publikasi terindeks Scopus dan dianalisis menggunakan teknik pemetaan bibliometrik melalui analisis kemunculan bersama kata kunci, jejaring penulis, institusi, dan negara. Hasil analisis menunjukkan bahwa decision making merupakan tema sentral yang menghubungkan berbagai klaster penelitian, dengan fondasi kuat pada sistem informasi akuntansi dan manajemen informasi. Selain itu, terdapat pergeseran signifikan menuju topik-topik mutakhir seperti artificial intelligence, machine learning, blockchain, automation, dan decentralized finance, yang menandai transformasi akuntansi digital menuju sistem prediktif dan real-time. Analisis kolaborasi juga mengungkap sifat global dan multidisipliner dari penelitian ini, meskipun beberapa tema seperti keberlanjutan dan teknologi emerging masih relatif kurang dieksplorasi. Temuan studi ini memberikan kontribusi konseptual dengan menyajikan gambaran komprehensif evolusi riset digital accounting serta memberikan implikasi praktis dan agenda riset masa depan bagi akademisi dan praktisi dalam mendukung pengambilan keputusan keuangan yang lebih efektif di era digital.
Ni Putu Eka Apriyanthi, Civica Moehaimin Dhewanty, Putu Desiana Wulaning Ayu, I Made Riyan Adi Nugroho · 5 authors
Konteks penelitian ini didasari oleh meningkatnya kerentanan keamanan yang signifikan dalam ekosistem decentralized finance (DeFi) dan blockchain, khususnya terkait dengan aktivitas kecurangan yang semakin kompleks dan berbiaya tinggi. Metode deteksi tradisional tidak lagi memadai untuk menangani volume transaksi yang masif serta karakteristik dataset yang menunjukkan ketidakseimbangan kelas. Oleh karena itu, penelitian ini berfokus pada evaluasi dan perbandingan kinerja tiga algoritma machine learning utama Regresi Logistik, Random Forest, dan XGBoost untuk mengidentifikasi secara akurat aktivitas kecurangan dalam transaksi blockchain. Data yang digunakan adalah dataset transaksi Ethereum dari platform Kaggle. Isu ketidakseimbangan kelas dalam data diatasi melalui implementasi metodologi SMOTE (Synthetic Minority Over-sampling Technique). Kinerja setiap model dinilai secara komprehensif menggunakan metrik presisi, recall, F1-score, dan Area Under the Receiver Operating Characteristic Curve (ROC-AUC) pada data pengujian. Hasil penelitian menunjukkan superioritas XGBoost di antara ketiga algoritma, dengan mencapai akurasi 99,46%, presisi 99,69%, recall 97,86%, dan skor ROC-AUC 99,97% (25). Keunggulan ini diperkuat oleh keberhasilan XGBoost dalam meminimalkan false positives, yakni hanya 1 kejadian. Kinerja yang melampaui model Random Forest dan Regresi Logistik ini mengindikasikan bahwa metodologi gradient boosting sangat efektif dalam mendeteksi pola perilaku kecurangan yang rumit. Secara keseluruhan, temuan studi ini memberikan kontribusi yang substansial terhadap pengembangan kerangka kerja deteksi kecurangan yang otonom dan tangguh.
This study aims to systematically examine several scientific works related to blue carbon accounting in archipelagic regions and to explore the potential use of blockchain technology as an innovative solution for decentralized, transparent, and participatory carbon reporting. This study adopts a conceptual synthesis approach, The research also employs a Systematic Literature Review (SLR) method, analyzing 11 selected articles from databases such as Scopus, Web of Science, ScienceDirect, DOAJ, and Google Scholar, published between 2014 and 2024. The findings reveal that although blue carbon ecosystems hold significant economic and ecological value, carbon reporting remains dominated by top-down approaches, with limited involvement of local stakeholders. Meanwhile, blockchain technology shows promise in addressing reporting challenges through a distributed ledger system, automated verification via smart contracts, and token-based incentive schemes. The study concludes that integrating blockchain into blue carbon accounting could enhance accountability, efficiency, and equity in carbon reporting. It also recommends conducting further empirical research within the Indonesian archipelagic context to validate these findings.
Ni Wayan Lasmi, Ni Kadek Ayu Puspita Dewi, Ni Putu Nina Eka Lestari, Ni Ketut Arniti
Penelitian ini bertujuan untuk menganalisis strategi promosi Bitcoin yang diterapkan oleh pelaku industri aset kripto, khususnya Indodax dan edukator kripto seperti Timothy Ronald, dalam mengatasi ketidakpercayaan masyarakat Indonesia terhadap aset kripto. Ketidakpercayaan ini masih menjadi hambatan besar dalam proses adopsi Bitcoin, terutama disebabkan oleh rendahnya literasi keuangan digital, kekhawatiran terhadap keamanan investasi, serta stigma negatif yang melekat akibat fluktuasi harga dan pemberitaan media yang tidak selalu objektif. Penelitian ini menggunakan pendekatan kualitatif deskriptif yang memungkinkan peneliti memahami secara mendalam persepsi, pengalaman, serta strategi komunikasi yang diterapkan dalam promosi Bitcoin. Teknik pengumpulan data dilakukan melalui wawancara mendalam terhadap beberapa kategori informan, yaitu pengguna aktif Indodax, pengguna baru yang terdorong oleh fear of missing out (FOMO), masyarakat yang masih skeptis terhadap Bitcoin, serta karyawan dari Indodax. Selain itu, peneliti juga melakukan observasi konten media sosial dan edukasi yang disampaikan oleh influencer kripto sebagai bentuk dokumentasi promosi. Data dianalisis menggunakan model interaktif Miles dan Huberman yang meliputi proses reduksi data, penyajian data, serta penarikan kesimpulan secara tematik. Hasil penelitian menunjukkan bahwa strategi promosi yang efektif tidak hanya bergantung pada iklan atau kampanye visual semata, melainkan lebih menekankan pada edukasi berkelanjutan dan peningkatan literasi keuangan masyarakat. Penyampaian informasi yang sederhana, jujur, serta berbasis pada pengalaman nyata pengguna terbukti dapat membangun kepercayaan publik. Pendekatan edukatif yang dilakukan melalui media sosial, video interaktif, webinar, dan kolaborasi dengan influencer terbukti mampu mengubah persepsi negatif menjadi ketertarikan, terutama di kalangan generasi muda. Dengan demikian, edukasi menjadi kunci utama dalam meningkatkan minat dan kepercayaan masyarakat terhadap penggunaan Bitcoin di Indonesia.
Transformasi digital di era Web3 telah mengubah paradigma kepemilikan dan distribusi karya intelektual, terutama melalui kemunculan teknologi blockchain dan Non-Fungible Token (NFT). NFT menawarkan peluang baru bagi kreator untuk memperoleh nilai ekonomi langsung dari karya digital tanpa perantara, sehingga menantang sistem distribusi konvensional. Namun, di balik potensi tersebut, terdapat berbagai persoalan mendasar terkait regulasi, literasi digital, dan ketimpangan akses teknologi yang menghambat perkembangan ekosistem ekonomi kreatif di Indonesia. Penelitian ini bertujuan untuk menganalisis dinamika ekonomi politik kekayaan intelektual digital di era NFT dengan menyoroti relasi antara kekuasaan, kebijakan publik, dan struktur pasar global. Metode penelitian menggunakan pendekatan kualitatif-deskriptif melalui studi literatur sistematis terhadap publikasi akademik dan dokumen kebijakan nasional periode 2022–2025. Hasil penelitian menunjukkan bahwa absennya regulasi formal dan lemahnya sistem perlindungan kekayaan intelektual digital memperlemah posisi tawar kreator lokal di tengah dominasi platform global. Analisis ekonomi politik media menunjukkan bahwa struktur kepemilikan digital masih dikuasai oleh kekuatan pasar transnasional, sehingga menimbulkan ketimpangan distribusi nilai. Penelitian ini menegaskan pentingnya kebijakan yang integratif antara hukum kekayaan intelektual, inovasi blockchain, dan pemberdayaan kreator lokal agar transformasi ekonomi digital di Indonesia dapat berjalan inklusif, berkeadilan, dan berkelanjutan.