How to Develop a Peer-to-Peer Electronic Accounting System

13 Pages Posted: 2 Jan 2019 Last revised: 2 Mar 2019

Date Written: December 15, 2018


This paper introduces a peer-to-peer electronic accounting system, as the current system sufferers from the inherent weakness of double-entry accounting, for example, a time gap problem between occurring and recording transactions, ignoring billions of individual’s access to essential financial information and the possibility of fraud and error. The most efficient solution to these problems has emerged to be a peer-to-peer electronic accounting system. It is an advanced system of double-entry accounting, but instead of concentrating on one party, it views and records transactions for both affected parties at the same time. It would enable electronic financial transactions between various parties, such as electronic payment, online credit transaction, foreign exchange, and securities exchange.

Keywords: Peer-to-Peer Electronic Accounting, Accounting, Double-Entry Accounting, Accounting Information System

JEL Classification: M41, O31

Suggested Citation

Noori, Nesar Ahmad, How to Develop a Peer-to-Peer Electronic Accounting System (December 15, 2018). Available at SSRN: or

Nesar Ahmad Noori (Contact Author)

Independent ( email )

Third Street, Al-Madina Town, District 5
Kabul, Kabul 1064
+93788649496 (Phone)

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