Implementation of Blockchain Technology in Management Accounting Systems: Analysis of Opportunities and Risks

Abstract

The digital transformation in the field of accounting has introduced blockchain technology as an innovative solution to enhance the efficiency, transparency, and accuracy of management accounting systems. This study aims to analyze the opportunities and risks associated with blockchain implementation in the context of management accounting. Using a literature review method, the research synthesizes findings from several accredited international and national academic journals published over the last five years. The results reveal that blockchain holds significant potential in improving the reliability of accounting information, accelerating internal reporting processes, and reducing auditing costs through automation and real-time data verification. However, the implementation of this technology is not without challenges. Major obstacles include the technical complexity of blockchain systems, insufficient regulatory frameworks, and heightened risks related to data security and user competence. This study offers a conceptual contribution for decision-makers in both accounting and information technology fields, enabling a deeper understanding of how blockchain technology can be strategically integrated into modern management accounting systems to support digital transformation and performance improvement.