Investigating the Synergies of Integrating Blockchain and Artificial Intelligence in the Accounting Profession | Chapter 6 | Information Management and Technology: The Proceedings of the 10 th International Conference on Business and Management Dynamics (ICBMD), Edition 1

Recent technological developments have introduced significant changes to the accounting profession. Researchers have seen blockchain and artificial intelligence emerging as transformative forces that have the potential to revolutionise the accounting profession. In studying the capabilities of these technologies, researchers have observed that integrating blockchain and AI could significantly change the accounting and audit of financial information. This chapter explores the synergy between blockchain and AI in the context of accounting practices. It examines how these technologies complement each other to enhance efficiency, transparency, and accuracy in financial record-keeping and auditing processes. Through an analysis of current developments, this paper illuminates the potential benefits and challenges of integrating blockchain and AI in accounting, paving the way for future research and implementation. The research method of this paper is drawn from the publications of the big four accounting firms: Deloitte, Ernst & Young, PricewaterhouseCoopers, and KPMG. Six major synergy areas were identified: automated accounting systems, increased speed and accuracy, secure accounting systems, improved audit trail systems, reduced financial costs, and quick decision-making. The Big Four accounting firms have embraced blockchain and AI, but the study suggests that they have not leveraged the full benefits of these technologies, as the results revealed a synergy score of 84 out of a possible synergy score of 120. Integrating blockchain with AI could potentially enhance the power of blockchain to function as an independent ledger, and this integration could address the challenges of blockchain intelligence, as blockchain’s intelligence power has previously been identified as low.

 

Author (s) Details

 

Beatah Sibanda
North-West University, South Africa.

 

Thandukwazi Ncube
Durban University of Technology, South Africa.

 

Please see the book here:- https://doi.org/10.9734/bpi/mono/978-93-49238-37-4/CH6

Indigenous African Entrepreneurship and Rural Entrepreneurship in the 4IR Age: A Conceptual Review | Chapter 16 | Managing Higher Education and Enterprises in Developing Countries Beyond COVID-19: Proceedings of the 9th International Conference on Business and Management Dynamics

 The Fourth Industrial Revolution (4IR) brings about unprecedented technological advancements that are reshaping economies, societies, and organisational structures. Understanding the dynamics of Indigenous African Entrepreneurship (IAE) and Rural Entrepreneurship (RENT) within the framework of the 4IR becomes essential in the context of Africa, where indigenous knowledge and rural communities hold a significant amount of importance. The intersection of these two important factors is explored in this conceptual paper, shedding light on how rural economies and indigenous knowledge systems can benefit from 4IR technologies while maintaining their distinct identities.

The paper is a valuable contribution to the literature on IAE and rural entrepreneurship. It raises awareness of the challenges and opportunities facing indigenous African entrepreneurs and rural entrepreneurs in the 4IR age. It helps to inform governments and other stakeholders about how they can support indigenous African entrepreneurs and rural entrepreneurs in the 4IR age.

Author(s) Details:

Noluthando Busiswa Agape Mbangeleli,
University of Fort Hare, South Africa.

Ogochukwu Nzewi,
University of Fort Hare, South Africa.

Olabanji Oni,
University of Fort Hare, South Africa.

Please see the link here: https://stm.bookpi.org/MHEEDCBCPICBMD/article/view/13207