Configuring blockchain architectures for transaction information in blockchain consortiums: The case of accounting and supply chain systems. Issue 4 (6th December 2017)

• Record Type: Journal Article
• Authors: O'Leary, Daniel E.
• Is Part Of: Intelligent systems in accounting, finance and management. Volume 24:Issue 4(2017)
• Page Start: 138
• Page End: 147
• Publication Date: 2017-12-06
• Subjects: accounting blockchain -- architecture -- blockchain -- cloud blockchain -- consortium blockchain -- crowd‐managed blockchain -- databases and blockchain -- hybrid blockchain -- private blockchain -- private processes -- public processes -- reengineering -- supply chain blockchain; Accounting -- Data processing -- Periodicals; Business -- Data processing -- Periodicals; Expert systems (Computer science) -- Periodicals; Artificial intelligence -- Periodicals; 657.028563
• DOI: 10.1002/isaf.1417
• Languages: English
• ISSNs: 1055-615X

Abstract

Summary: This paper investigates alternative configurations of different blockchain architectures that can be used for gathering and processing transactions in a range of different settings, including accounting, auditing, supply chain and other types of transaction information. Although there has been substantial focus on the peer‐to‐peer and public versions of blockchain, this paper focuses primarily on cloud‐based and private configuration versions of blockchains and investigates use configurations, advantages and limitations as firms bring blockchain‐based market mechanisms into their organizations. In addition, this paper investigates some emerging issues associated with blockchain use in consortium settings. Finally, this paper relates some proposed uses of blockchain for transaction processing to other technologies, such as data warehouses and databases.