The Impact of Blockchain Technology on the Accounting Profession An Exploratory Study from the Perspective of Faculty Members in Accounting Departments

Abstract

This study aimed to explore the impact of Blockchain technology on the accounting profession from the perspective of academic faculty members. To achieve this objective, the study relied on a descriptive-analytical approach, reviewing specialized books, scientific journals, and electronic resources. A total of 63 questionnaires were distributed both manually and electronically. Upon review, 50 questionnaires were found valid for statistical analysis procedures, representing a response rate of approximately 79% of the distributed questionnaires. The data was analyzed using appropriate statistical methods via the SPSS software. The results showed that the study sample possesses a very good level of knowledge and awareness regarding the impact and challenges of implementing Blockchain technology in the accounting profession.

​The study concluded with a set of recommendations, the most important of which are: adopting a specific course for studying the accounting of Cryptocurrencies; focusing on scientific research for postgraduate students to clarify the importance of integrating Blockchain technology into accounting education; and providing the necessary financial funding from the Ministry of Higher Education and Scientific Research to conduct scientific accounting research related to modern technologies