The Concept of Blockchain-Based Triple Entry Accounting In Indonesia

Abstract

The business world, particularly in accounting and financial reporting, is undergoing significant disruption due to the emergence of blockchain technology. By implementing blockchain technology, critical company information becomes more integrated and transparent. However, in Indonesia, the development of blockchain, both in concept and practice, has been slow. This paper aims to examine the blockchain-based triple entry accounting concept that is present and emerging in Indonesia through a literature review approach. The literature review was conducted via Google Scholar using the keywords "triple entry accounting" and "blockchain accounting," resulting in 15 relevant articles from Indonesian journals for further study. The stages of the literature review include identification, manual screening, reading titles, keywords, abstracts, and publications. The results indicate that Indonesia has the potential to implement blockchain-based triple entry accounting to enhance transparency, reduce fraud, and improve tax administration efficiency. This study also provides regulatory implications, suggesting that the government should develop standardized guidelines for the application of blockchain technology in the accounting sector.