Smart Contract Applications And Possible Impacts On Accounting

Creative Commons License

Gül H.

in: CHALLENGES IN ECONOMICS AND BUSINESS STUDIES FROM RESEARCHES TO PRACTICES, Mehmet Onur Gülbahar,Hilal Yıldız, Editor, IJOPEC Publication, London, pp.371-385, 2020

  • Publication Type: Book Chapter / Chapter Research Book
  • Publication Date: 2020
  • Publisher: IJOPEC Publication
  • City: London
  • Page Numbers: pp.371-385
  • Editors: Mehmet Onur Gülbahar,Hilal Yıldız, Editor
  • Çanakkale Onsekiz Mart University Affiliated: Yes


Blockchain applications based on smart contract has a revolutionary potential. Smart contracts are also automatic softwares that apply their contract items. Eliminating of the neccessary for third parties during the preparation and application of the contract, efficiency, savings and trust are the main benefits of it. This evaluation may contribute to convey much more resources to the areas that are needed to the human intelligence and interpretation ability. Additionally, it can increase the effect of accounting and finance departments on business management. The adapting ability of the professional accountants qualifications according to the new trends and technologies show itself as an important necessity.