Determinants and challenges of adopting blockchain-based triple-entry accounting and its effect on the reliability of real-time financial statements

Maytham Mosa Jenker

doi:10.17977/um063.v6.i4.2026.8

Authors

Maytham Mosa Jenker University of Wasit

DOI:

https://doi.org/10.17977/um063.v6.i4.2026.8

Keywords:

Blockchain, Triple-entry accounting, Real-time reporting, Reliability, Adoption

Abstract

This study aims to identify the key determinants and challenges of adopting blockchain-based triple-entry accounting and examine its effect on the reliability of real-time financial statements. It focuses on technological readiness, security, transparency, regulatory support, and digital expertise as major factors influencing adoption. The study also addresses challenges related to implementation costs, integration with existing accounting systems, technical skills, and regulatory requirements. Blockchain-based triple-entry accounting is expected to enhance transaction verification, reduce errors and manipulation risks, improve transparency, and provide timely and reliable financial information. The study contributes to understanding how this emerging accounting model can support more reliable, transparent, and real-time financial reporting.

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