Analyzing the Impact of Blockchain Technology on Financial Transactions and Accounting Practices in Global Trade
- Title
- Analyzing the Impact of Blockchain Technology on Financial Transactions and Accounting Practices in Global Trade
- Creator
- Magar, Anshuman; Hareesha, N.G.; Shawn, Md Asadul Arifin; Humnekar, Trupti Dandekar; Bhope, Anagha; Srivastava, Surbhi
- Description
- Financial transactions and accounting practises in global trade are transformed using blockchain technology with enhanced security efficiency and transparency. The study examines the role of Blockchain in real time financial reports smart contracts and cross border transactions by highlighting the potentiality to ensure regulatory compliance streamlined reconciliation process and fraudulence reduction. Decentralisation of financial data using blockchain enable record keeping a stamper proof and also minimises the transaction cost and the intermediaries and to accelerate the settlement times. The study explores the challenges such as integration regulatory uncertainties and scalability in the existing financial system. The study involves trade finance platforms and multinational corporations in reshaping the financial management and accounting standards using blockchain adoption in the global trade. The study employs mixed method approach for quantitative and qualitative analysis based on the ability of the blockchain to enhance the financial transactions in global trade. 2025 IEEE.
- Source
- 1st International Conference on Advances in Computer Science, Electrical, Electronics, and Communication Technologies, CE2CT 2025;pp.1060-1063
- Date
- 01-01-2025
- Publisher
- Institute of Electrical and Electronics Engineers Inc.
- Subject
- Accounting Practices; Blockchain Technology; Financial Transactions; Global Trade; Smart Contracts
- Coverage
- Magar A., JSPM University Pune, Faculty of Business Management and Commerce, Maharashtra, India; Hareesha N.G., Dayananda Sagar College of Engineering, Kumaraswamy Layout, Bengaluru, India; Shawn M.A.A., Texas A&M University, Master of Science in Business Analytics, Commerce, United States; Humnekar T.D., CMS Business School, Jain (Deemed to be) University), Faculty of Management Studies, Department of Marketing, Bangalore, India; Bhope A., Indira School of Business Studies PGDM, Pune, India; Srivastava S., School of Commerce, Finance and Accountancy, CHRIST University, Bangalore, India
- Rights
- Restricted Access; Hardcopy may be available in the library
- Relation
- ISBN: 979-833151857-8;
- Format
- online
- Language
- English
- Type
- Conference paper
Collection
Citation
Magar, Anshuman; Hareesha, N.G.; Shawn, Md Asadul Arifin; Humnekar, Trupti Dandekar; Bhope, Anagha; Srivastava, Surbhi, “Analyzing the Impact of Blockchain Technology on Financial Transactions and Accounting Practices in Global Trade,” CHRIST (Deemed To Be University) Institutional Repository, accessed June 19, 2026, https://archives.christuniversity.in/items/show/25779.