Designing Privacy-Preserving Blockchain Based Accounting Information Systems

65 Pages Posted: 2 Jun 2017  

Yunsen Wang

Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick; Southwestern University of Finance and Economics (SWUFE)

Alexander Kogan

Rutgers, The State University of New Jersey

Date Written: May 24, 2017

Abstract

Blockchain is one of the most disruptive and promising emerging technologies, and it appears to have the potential for significantly affecting the accounting and auditing fields. Using blockchain technology, zero-knowledge proof and homomorphic encryption, this paper proposes a design of Blockchain based Accounting Information System and develops a prototype to demonstrate the functionality of the Blockchain based Accounting Information System in real-time accounting, continuous monitoring and continuous auditing as well as fraud detection. The computational performance of blockchain versus relational databases is evaluated and discussed. It is expected that blockchain would be a widely applicable infrastructure to support enterprise information systems and continuous auditing systems.

Keywords: Blockchain, Accounting Information Systems, Continuous Auditing, Information Privacy

Suggested Citation

Wang, Yunsen and Kogan, Alexander, Designing Privacy-Preserving Blockchain Based Accounting Information Systems (May 24, 2017). Available at SSRN: https://ssrn.com/abstract=2978281 or http://dx.doi.org/10.2139/ssrn.2978281

Yunsen Wang (Contact Author)

Rutgers, The State University of New Jersey - Rutgers Business School at Newark & New Brunswick ( email )

1 Washington Park
Newark, NJ 07102
United States

Southwestern University of Finance and Economics (SWUFE) ( email )

55 Guanghuacun St,
Chengdu, Sichuan 610074
China

Alexander Kogan

Rutgers, The State University of New Jersey ( email )

311 North 5th Street
New Brunswick, NJ 08854
United States

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