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Emerging advances of blockchain technology in finance: a content analysis

2023-02, Weerawarna, Rashikala, Miah, Shah J., Shao, Xuefeng

Blockchain has become a widely used information system technology recently because of its effectiveness as an intermediary-free platform. While the use of blockchain in various fields, such as finance, supply chains, healthcare, education, and energy consumption, is increasingly enabling the development of Internet-enabled “distributed databases,” there are not many exploratory studies available to provide an understanding of how the field is progressing. Therefore, it is imperative to explore the status quo of blockchain technology in the finance sector, particularly highlighting how blockchain architectures can aid the finance sector to gain competitive advantage. This systematic literature review analyzes the content of the 50 most relevant articles and professional industry reports through peer-reviewed relevant academic literature in the finance sector from 2008 to 2022 to identify several possible features of blockchain research in the financial sector. This study highlighted the dimensions of blockchain technology, blockchain in finance, its competitive advantages, the current status of finance, and various challenges that keep the implementation of blockchain-based financial information systems at the initial stage. We identified three main areas that require research attention in order for blockchain technology to become the “next-generation networks” that will revolutionize the financial sector.

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Machine learning practices in accounting and auditing

2023-09-06, Weerawarna, Rashikala, Singh, Chetanpal, Thakkar, Rahul, Patel, Vimal B

In the current technological era, Machine Learning applications are becoming popular every day. This research paper provides information about the effectiveness of the ML technique in accounting as well as the auditing process. To get proper results, different ML libraries are utilized, concluding seaborn, matplotlib, NumPy and so on. In the introduction section, the research purpose and this research objectives have been developed, through which the entire research process will be developed. “Logistic Regression Machine Learning Model” is built. Literary sources have been analysed in the literature review section, through which it can be easy to gain different perceptions based on the research context. The effectiveness of different types of machine learning algorithms in accounting and auditing has been evaluated properly. To develop a knowledge level, it is important to increase proper attention, and this research paper will provide proper information based on ML effectiveness.