Economic exchange in a regulated shared ledger
Blums,Ivar Weigand,Hans
Blums,Ivar
Weigand,Hans
Abstract
Blockchain and Smart Contract technology suggests a new way to implement the Accounting Information System (AIS), and for setting the Accounting Standards. How exactly this can be done and what are limitations is still very much an open question. After reviewing the current literature our conclusion is that an ontologically sound consensus-based design is missing to date. Against this research gap, the paper introduces a blockchain-based shared ledger conceptual solution, regulated by Financial Reporting Standards. It is shown how consensual and participant-specific parts of the business exchange transaction can be represented in a concise way.
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Date
2018-02
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CEUR
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Citation
Blums, I & Weigand, H 2018, Economic exchange in a regulated shared ledger. in J Gordijn (ed.), Proceedings of the 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018). vol. 2239, CEUR, Amsterdam, pp. 46-63, 12th International Workshop on Value Modeling and Business Ontologies (VMBO 2018) , Amsterdam, Netherlands, 26/02/18. < https://vmbo2018.e3value.com/wp-content/uploads/2018/03/VMBO_2018_paper_6.pdf >
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info:eu-repo/semantics/openAccess