Abstract

Blockchain Technology or known as the Distributed Ledger Technology (DLT) is becoming the game changer in the business industry because of its disruptive and transformative ability. The study aimed to determine the factors that influence the professional accountants to accept to use blockchain technology. Data were from 30 professional accountants working in the Kingdom of Bahrain as respondents using descriptive method of research. They were chosen using a non-probabilistic sampling. The study found out that professional accountants are slightly aware that blockchain technology is designed to be reliable since it relies on peer-to-peer network; immutable stored data; contained permanent and timely financial records and less effort to reconcile information from different computer systems. It was found out that the technology would likely impact to the accounting profession. Professional Accountants would probably use the Blockchain Technology in the business processes because of its perceived usefulness and technology task fit and might use on perceived ease of use. The data implies that there is no significant relationship between the level of awareness of the blockchain technology and the level of likelihood that it will impact the accounting profession. The study can conclude that the behavioral intention of the professional accountants to use because of its perceived usefulness, perceived ease of use and technology task fit. However, one of the platforms that need to address by the professional accountants is the acquisition of knowledge on blockchain technology through inclusion of the said technology on curriculum designing and continuing professional development programmes. There is a need for the creation of statutory legal framework to effectively operationalise the said technology.

Authors and Affiliations