Please use this identifier to cite or link to this item: http://bura.brunel.ac.uk/handle/2438/31505
Title: Blockchain Financial Statements (BFS): A transaction to financial statements accounting system for central bank to business liquidity
Authors: Dashkevich, Natalia
Advisors: Destefanis, G
Counsell, S
Keywords: DLT;Real-Time Accounting;Accounting Fraud Prevention;Quantitative Easing (QE);Smart Contracts
Issue Date: 2025
Publisher: Brunel University London
Abstract: This thesis introduces the concept of Blockchain Financial Statements (BFS), an innovative accounting system designed to bridge the liquidity needs between central banks and businesses through blockchain technology. The focus lies on streamlining the transaction to financial statement processes in a secure, transparent and efficient manner. Context: Amidst evolving financial landscapes and the pressing need for more robust financial reporting mechanisms, the BFS framework emerges as a solution to enhance the liquidity management between central banks and businesses, underpinned by a more direct and verifiable approach to financial transactions and reporting. Aim: The primary goal of this research is to design, develop and validate a blockchain-based accounting prototype - the BFS - that can transform traditional transaction data into comprehensive financial statements, facilitating central bank to business liquidity in a secure and efficient manner. Methods: Employing a Design Science Research Methodology, this study constructs a BFS artefact, incorporating Domain-Driven Design to architect a system that harmonises with accounting standards, blockchain technology and business orchestration. The validation of the BFS artefact is conducted through a simulated environment, reflecting real-world transactional and accounting operations. Results: The Java PoC implementation of BFS demonstrates a successful integration of blockchain technology into accounting practices, showing potential in real-time validation of transactions, immutable record-keeping and enhancing the transparency and efficiency of financial reporting. Conclusion: The BFS framework and its PoC artefact, signifies an advancement in the application of blockchain technology for financial reporting and liquidity management. It offers a functional solution for enhancing transparency, accuracy and efficiency of financial transactions between central banks and businesses. The research underlines the necessity for further exploration into blockchain’s potential within accounting systems, suggesting a promising direction for future innovations in financial reporting and liquidity management.
Description: This thesis was submitted for the award of Doctor of Philosophy and was awarded by Brunel University London
URI: http://bura.brunel.ac.uk/handle/2438/31505
Appears in Collections:Computer Science
Dept of Computer Science Theses

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