The Challenge of Implementing Blockchain Technology in the Accounting Systems of Jordanian Banks
摘要
The rapid advancements in data transmission and storage technologies have significantly impacted various sectors, with the banking industry facing challenges in adapting to these changes. One such development is blockchain technology, which offers a decentralized and transparent method for recording financial transactions. While blockchain has garnered global attention for its potential to revolutionize accounting practices, the adoption of this technology in Arab and Jordanian banks remains limited. This research explores the challenges and opportunities associated with implementing blockchain technology in the accounting systems of Jordanian banks. It examines the role of accounting information systems in modern banking operations and assesses the current level of readiness within Jordanian banks to integrate blockchain into their accounting practices. By analyzing global trends and reviewing case studies from various international banking systems, the study aims to provide insights into the potential impact of blockchain on financial transparency, security, and efficiency in Jordan. The findings of this research are expected to contribute to the ongoing discourse on the future of blockchain in the banking sector, specifically in the context of Jordan, and offer recommendations for overcoming barriers to its adoption.