Abstract
Companies are increasingly announcing the use of, or plan to use blockchain technology. The Blockchain technology can be used for multiple purposes such as data storage, validation of transactions, and mitigating data breach incidents. Auditors can benefit from the security and validation of transactions through blockchain platforms to minimize their routine works and to enable them to focus on data analysis using larger samples. Our aim is to explore if the use of blockchain technology affects financial reporting to be more focused and more informative. We will use text analytics to examine how the financial reporting for companies that announced the adoption of blockchain technology differ from their previous financial reporting and from those companies that did not announce the use of blockchain in any form.
Recommended Citation
Jumah, Ahmad and Alnsour, Yazan, "Exploring the Characteristics of Financial Reports of Companies Adopting Blockchain: Text Analytics Approach" (2019). AMCIS 2019 Proceedings. 4.
https://aisel.aisnet.org/amcis2019/accounting_info_systems/accounting_info_systems/4
Exploring the Characteristics of Financial Reports of Companies Adopting Blockchain: Text Analytics Approach
Companies are increasingly announcing the use of, or plan to use blockchain technology. The Blockchain technology can be used for multiple purposes such as data storage, validation of transactions, and mitigating data breach incidents. Auditors can benefit from the security and validation of transactions through blockchain platforms to minimize their routine works and to enable them to focus on data analysis using larger samples. Our aim is to explore if the use of blockchain technology affects financial reporting to be more focused and more informative. We will use text analytics to examine how the financial reporting for companies that announced the adoption of blockchain technology differ from their previous financial reporting and from those companies that did not announce the use of blockchain in any form.