Blockchain in Accounting, Reporting, and Auditing : A Scientometric Review

Authors

  •   Chandan Kumar Tiwari Sr. Lecturer, College of Economics and Business Administration, University of Technology and Applied Sciences, Muscat ORCID logo https://orcid.org/0000-0002-7563-3238
  •   Abhinav Pal Assistant Professor, Symbiosis Centre for Management Studies, Noida, Symbiosis International (Deemed University), Plot No. 47 & 48, Block A, Sector 62, Noida - 201 301, Uttar Pradesh ORCID logo https://orcid.org/0000-0002-8045-0102
  •   Yousuf Al Balushi Director, Department of Planning and Quality Assurance, Department of Undergraduate Studies, College of Banking and Financial Studies, Muscat ORCID logo https://orcid.org/0000-0001-9584-0763
  •   Kanishka Gupta Assistant Professor (Corresponding Author), Vivekananda School of Business Studies, Vivekananda Institute of Professional Studies - Technical Campus, Outer Ring Rd, AU Block, Ranikhet, Pitampura, New Delhi - 110 034, Delhi ORCID logo https://orcid.org/0000-0001-7211-7652

DOI:

https://doi.org/10.17010/ijf/2025/v19i12/175879

Keywords:

blockchain technology, accounting, financial reporting, auditing, literature review.
JEL Classification Codes : D14, G01, G11
Publication Chronology: Paper Submission Date : October 25, 2024 ; Paper sent back for Revision : August 12, 2025 ; Paper Acceptance Date : September 15, 2025 ; Paper Published Online : December 15, 2025

Abstract

Purpose : Over the last decade, blockchain technology has exponentially grown and paved the way for large-scale adoption in numerous fields. Its primary use was related to cryptocurrency. However, the sphere of its application extended and included supply chains, healthcare, governance, and, more notably, the financial industry. This study aimed to review the existing literature on blockchain and its application to financial accounting, accounting, and auditing.

Methodology : To conduct this study, we used bibliometric analysis and a systematic review of the literature. This analysis identified several specific qualities that allowed identifying the use of blockchain technology in accounting and auditing, which included data security, blockchain, and blockchain encryption as a neutral information coding. However, concerns about data privacy, scalability, and regulatory uncertainty emerged as significant barriers that required attention from key stakeholders.

Practical Implications : The study provided numerous suggestions for accounting professionals, auditors, and regulators, offering guidance on how to navigate emerging blockchain applications and integrate them responsibly into existing financial reporting practices. It could also provide a perspective on the role played by relevant organizations’ interests in shaping key investments in technology and their development.

Originality : This paper contributed to the academic discourse by offering a comprehensive overview of blockchain’s financial applications and tracing its progress in the fields of accounting, auditing, and financial reporting.

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Published

2025-12-15

How to Cite

Tiwari, C. K., Pal, A., Balushi, Y. A., & Gupta, K. (2025). Blockchain in Accounting, Reporting, and Auditing : A Scientometric Review. Indian Journal of Finance, 19(12), 66–88. https://doi.org/10.17010/ijf/2025/v19i12/175879

Issue

Volume 19, Issue 12, December 2025

Section

Articles
Crossref
Scopus
Google Scholar
Europe PMC

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