Public Sector Accounting and Budgeting

Public Sector Accounting and Budgeting

Explain the role of blockchain technology in improving transparency and trust in the public sector

Document Type : Review Article

Author
Sina Kheradyar
Department of Accounting, Rasht Branch, Islamic Azad University, Rasht, Iran
Abstract
Many human problems today are solved by new technologies. In the financial field, blockchain technology and cryptocurrencies have been discussed for several years. Blockchain technology is a big step in calculating the transparency of a government and will lead to a kind of computational transparency. On the other hand, it can guarantee trust between two or more groups in a contract that do not know each other. This article describes how blockchain works and why offices use it. The advantages and disadvantages of blockchain, as well as examples of blockchain applications, will also be shown. What matters is that blockchain needs to be understood broadly from a conceptual and technical point of view. Decision-makers and citizens must be educated before implementing such technology, which completely changes the political and financial landscape. Blockchain is not the ultimate solution to all the problems that new governments are grappling with, but its secure and transparent nature can increase the sharing of information between public organizations. 
Keywords
Blockchain
Computational transparency
Trust
e-Government
Public management

Subjects

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  • Receive Date 15 April 2021
  • Revise Date 30 April 2021
  • Accept Date 24 May 2021