The Credibility of Financial and Accounting Information in the Digital Era: Blockchain-Based Challenges and Solutions from the Perspective of Professionals

Abstract

The digital transformation of financial and accounting processes has generated growing interest in technologies capable of enhancing the credibility, transparency, and security of financial and accounting information. Among these, blockchain technology is considered one of the most important emerging technologies, with the potential to transform accounting and auditing practices. The purpose of this research is to analyze the perceptions of accounting professionals regarding the credibility of financial and accounting information in the context of digital transformations and to assess the potential of blockchain technology to contribute to increased transparency, security, and trust in financial and accounting information. The research is quantitative in nature and is based on a survey administered to 82 respondents from the fields of accounting, auditing, and academia. The research results highlight that respondents perceive blockchain as a technology with significant potential to increase transparency, data security, and trust in financial reporting. At the same time, the results indicate the existence of significant challenges regarding the implementation of this technology, including low levels of digital literacy, high implementation costs, and an inadequate regulatory framework. The research also highlights a low level of familiarity with blockchain technology at the national level. UDC: [657.37:004.056.55:005.332.5]:004.056.55; JEL: M41, O33