Opportunities and challenges of using blockchain technology in government accounting in Brazil

AutorPaula Raymundo Prux, Fernanda da Silva Momo, Claudia Melati
CargoUniversidade Federal do Rio Grande do Sul, Porto Alegre, RS, Brazil/Universidade Federal do Rio Grande do Sul, Porto Alegre, RS, Brazil/Universidade Federal do Rio Grande do Sul, Porto Alegre, RS, Brazil
https://bar.anpad.org.br
BAR Brazilian Administration Review
Vol. 18, No. Spe, Art. 4, e200109, 2021
https://doi.org/10.1590/1807-7692bar2021200109
Special Issue on
Blockchain, Cryptocurrencies and Distributed Organizations
Research Article
Opportunities and Challenges of Using Blockchain
Technology in Government Accounting in Brazil
Paula Raymundo Prux1
Fernanda da Silva Momo1
Claudia Melati1
1 Universidade Federal do Rio Grande do Sul, Porto Alegre, RS, Brazil.
Received 08 October 2020. This paper was with the authors for one revision. Accepted 13 September 2021.
First published online 20 October 2021.
Editors-in-Chief: Carlo Gabriel Porto Bellini (Universidade Federal da Paraíba, Brazil);
Ivan Lapuente Garrido (Universidade do Vale do Rio dos Sinos, Brazil)
Guest Editors: Jorge Renato Verschoore (Universidade do Vale do Rio dos Sinos, Brazil);
Eduardo Henrique Diniz (Fundação Getúlio Vargas, EAESP, Brazil);
Ricardo Colomo-Palacios (Østfold University College, Norway)
Reviewers: Two anonymous reviewers
Editorial assistants: Kler Godoy and Simone Rafael (ANPAD, Maringá, PR, Brazil)
P. R. Prux, F. da S. Momo, C. Melati 2
ABSTRACT
New technologies lead to significant changes in how public and private organizations structure
their processes and activities. This study aims to identify the challenges and opportunities of using
blockchain technology in government accounting in Brazil. This is a descriptive research using
quantitative and qualitative data, collected through a questionnaire applied to a non-probabilistic
sample of 94 professionals. The data were submitted to descriptive statistical analysis and content
analysis, based on seven categories: technology, government accounting, security, transparency,
control, change, and knowledge. For 89.4% of respondents, blockchain can improve government
accounting and be applied to financial transactions, auditing, and asset transfers. The technology
offers the benefits of trust and control, information security, and control against fraud and
corruption. For 98.9% of the sample, the challenges of using blockchain technology in
government accounting are the lack of knowledge about the technology and its cost-benefit and
implementation, difficulties in replacing or adapting systems, and few blockchain use cases
demonstrating the technology’s use and application.
Keywords: government accounting; blockchain; opportunities; challenges
JEL Code: M4, O3

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