The Impact of Blockchain Technology on the Transparency of Financial Reports: A Theoretical Study | ||
| Horus International Journal for Commercial Research | ||
| Volume 1, Issue 4, November 2025, Pages 128-150 PDF (448.2 K) | ||
| Document Type: Scientific journal | ||
| DOI: 10.21608/hjcr.2025.463638 | ||
| Author | ||
| Sara Mostafa Elgayar | ||
| Accounting Department - Faculty of Business Administration Horus University | ||
| Abstract | ||
| This study examines the impact of blockchain technology on financial reports transparency, addressing challenges in data integrity, delayed disclosures, and auditing inefficiencies in traditional financial reporting. By leveraging decentralized and immutable ledger systems, blockchain enhances real-time financial disclosure, audit reliability, and fraud prevention. Through theoretical analysis, this research reviews prior studies on financial reports transparency and blockchain applications in accounting, identifying blockchain as a potential solution for improving financial reporting credibility. Key benefits include tamper-proof financial records, automated compliance through smart contracts, and reduced reliance on intermediaries. However, challenges such as regulatory uncertainty, high implementation costs, and scalability constraints remain obstacles to widespread adoption. Focusing on the Egyptian financial sector, this study explores market readiness, regulatory gaps, and the feasibility of blockchain adoption. It proposes policy recommendations for regulators and financial institutions to integrate blockchain into accounting frameworks. The findings highlight that while blockchain offers significant improvements in financial transparency, its success depends on regulatory alignment, technological adaptation, and industry collaboration. | ||
| Keywords | ||
| Blockchain; Financial Transparency; Financial Reports | ||
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