JAER_Vol 10 N 01

JAER_Vol 10 N 01

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The Impact Of Triple Entry Accounting
(جامعة الوادي University of Eloued, 2025-03-31) Moulati ,Soaad
This study aims to provide a comprehensive perspective on how triple-entry accounting, supported by blockchain technology, impacts the future of accounting, focusing on enhancing transparency, efficiency, and regulatory challenges in accounting processes. Unlike traditional double entry systems, triple entry accounting introduces a third immutable ledger, maintained on a decentralized blockchain network, ensuring real-time verification and reducing reconciliation discrepancies. Blockchain's cryptographic security, consensus mechanisms, and smart contract automation further strengthen the reliability and accuracy of financial records. This integration minimizes fraud risks, streamlines auditing processes, and enhances corporate governance. However, challenges such as regulatory adaptation, high implementation costs, and the need for specialized expertise pose significant barriers to widespread adoption. Despite these obstacles, the future of accounting is expected to shift towards blockchain-enabled triple entry systems, redefining the roles of accountants and fostering standardized, globally transparent financial practices. This paper explores the theoretical foundations, practical applications, benefits, and challenges of blockchainintegrated triple entry accounting, highlighting its potential to revolutionize financial reporting and corporate accountability.