Blockchain Technology Adoption in Corporate Financial Management and Its Impact on Transparency

Authors

  • J. Rengamani AMET Business School, AMET University, Chennai, India Author
  • Pramod Kumar Department of Computer Science and Engineering, Ganga Institute of Technology and Management, Jhajjar, India Author
  • Keerthi Shetty Department of Computer Science and Engineering, NMAM Institute of Technology, Nitte (Deemed to be University), Nitte, India Author
  • Suchitra Yadav Maharishi Markandeshwar (Deemed to be University), Mullana, India Author
  • Dilnozakhon Mukhitdinova Department of Corporate Finance and Securities, Tashkent State University of Economics, Tashkent, Uzbekistan Author
  • Vijaya Sudha Gottumukkala KLEF College of Law, KLEF Deemed to be University, Guntur, India Author

DOI:

https://doi.org/10.68337/cpsm.v1.i1.2026-017

Keywords:

Transparency, blockchain, triple-entry accounting, corporate finance, real-time auditing, smart contracts

Abstract

The long-standing tension between centralized financial control and stakeholder transparency has become more important than ever. This study examines the transition from classic double-entry accounting to blockchain-based triple-entry accounting. Drawing on secondary Kaggle datasets and previous pilot studies, it estimates the impact of distributed ledger technology (DLT) on audit efficiency and data accuracy. Illustrative estimates compiled by the authors suggest that integrating blockchain could reduce reconciliation time by about 68% and the error rate by about 89%. The study concludes that the secure and permanent records kept on a blockchain can help to mitigate information asymmetry and support real-time financial transparency, although technical and legal issues remain to be addressed.

References

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Cover of CPSM Volume 1, Issue 1: proceedings of EAMCON 2026, September 2026

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Published

2026-09-30 — Updated on 2026-10-01

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Data Availability Statement

This study used the publicly available Blockchain-Enabled Dataset for Supply Chain, Metaverse Financial Transactions Dataset, Bitcoin Blockchain Historical Data, and Cryptocurrency Transaction Analytics: BTC & ETH datasets (Kaggle).

Conference Proceedings Volume

Vol. 1 No. 1 (2026): 2nd International Engineering Data Analytics and Management Conference (EAMCON 2026)

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Proceeding Papers

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Copyright (c) 2026 The Authors

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Articles published in Conference Proceedings in Science and Management are made available under the Creative Commons Attribution 4.0 International License (CC BY 4.0). Authors retain copyright in their work and grant the journal first publication rights. Readers are free to share and adapt the published material for any purpose, including commercial use, provided appropriate credit is given to the author, a link to the license is provided, and any changes are indicated.

How to Cite

Blockchain Technology Adoption in Corporate Financial Management and Its Impact on Transparency. (2026). Conference Proceedings in Science and Management, 1(1), 69-71. https://doi.org/10.68337/cpsm.v1.i1.2026-017 (Original work published 2026)