Journal of theoretical and applied electronic commerce research

A plethora of studies have examined the emerging technology of blockchain and its applications in accounting, management, and enterprise resource planning systems (ERPs). Blockchain technology (BT) can change the architecture of today’s ERPs and overcome the limitations of these centralized systems. The aim of this study is twofold. First, this paper defines and analyzes the deployment of an innovative architecture of a Blockchain as an Ecosystem (BaaE) platform proposing a conceptual model of the Triple Entry Accounting (TEA) transforming the current accounting practices. Second, the paper explores the integration of cost management, supply chain, and inventory management on BT providing the significant challenges and benefits and suggesting an agenda for future research. The authors conduct an exploratory qualitative analysis of an extensive body of literature, from 81 journals. The paper’s innovative contribution and primary objective is to explore, address, and employ this emerging BaaE platform technology that could potentially be integrated with TEA. Further, the study examines the theoretical, technical, and business aspects regarding TEA, since there is limited research evidence in this field. Additionally, the study tries to identify the implications of BaaE in the area of cost management, supply chain, and inventory management from an ecosystem perspective. This effort can assist organizations and practitioners in understanding and further examining this emerging technology.

Blockchain Technology as an Ecosystem: Trends and Perspectives in Accounting and Management