Resilient Supply Chains to Improve the Integrity of Accounting Data in Financial Institutions Worldwide Using Blockchain Technology

Abstract

Accounting information systems (AIS) gather, store, and analyze data in providing information to business leaders. Information technology resources and a computer-based accounting system are often used to monitor accounting activities in an accounting information system. Supply chain management strategies, planning, and implementation are increasingly dependent on the expertise of accountants with globalization. The accountant's job is to assist the supply chain design, development, and implementation group. Top management commitment, the kind of accounting information systems used, and input controls are all factors that affect accounting information systems' data quality. They can trace any form of theft or misappropriation using the blockchain (BC), which maintains asset transfers. In hopes of avoiding fraud, agreements loaded with economics and finance principles might be used to govern corporate operations. Using internet of things (IoT) data, banks can better understand their customers' business demands and value chain.