Integration of ontologies with decentralized autonomous organizations development: A systematic literature review

This paper presents a systematic literature review of the integration of ontologies into the Decentralized Autonomous Organization (DAO) development process. The review extracted data from 34 primary studies dealing with ontologies in the blockchain domain. DAO has become a key concept for the development of blockchain-based decentralized software systems. DAOs are seen as a positive alternative for organizations interested in the adoption of decentralized, reliable and transparent governance, as well as attracting the interest of academic research. However, there is no common understanding or generally accepted formal definition of a DAO, and the guidelines that provide support for the adoption and development of DAOs are limited to a few key references that lack the computational semantics needed to enable their automated validation, simulation or execution. Thus, the objective of this paper is to provide an unbiased and up-to-date review related to the integration of ontologies within DAOs which helps to identify new research opportunities and take advantage of this integration from a blockchain-based decentralized perspective

Takaful industry and Blockchain: challenges and opportunities for costs’ reduction in Islamic insurance companies

Takaful insurance is increasing its consideration. Islamic insurance provides mutual aid and protection. However, the different model does not always make the business efficient. Several studies have shown the difficulty of Takaful companies in limiting their operating costs and having efficient borders. To reduce such operating costs and reach economies of scale, this paper assesses the adoption of Blockchain technology as a critical value for the Islamic insurance industry. Building upon a literature review and drawing on the SWOT framework, this paper outlines internal strengths and weaknesses as well as external opportunities and threats. Our analysis reveals that the Blockchain technology can help in the reduction of fraud, increase timeliness of actions for customers, allow for faster and more efficient management of claims and improve the risk management. Theoretical and practical implications are discusse

Ledger to ledger: off- and on-chain auditing of stablecoin

To assess the financial statements of companies that invest in stablecoin, a digital representation of a fiat currency managed and backed by a blockchain, the auditor must collect evidence of transactions from the blockchain (on-chain) or from an off-chain ledger managed by an intermediary. This study aims to expand the understanding of such transactions, outline possible configurations for the recognition of stablecoin balances and transactions in financial statements, and audit procedures for collecting evidence of these transactions. Based on actual transactions of stablecoin registered on the Ethereum blockchain, we present a hypothetical case of the accounting history of an audited company to demonstrate the challenges in establishing accounting and audit procedures for these novel transactions. We observe an abundance, diversity, and unprecedentedness in the stablecoin transactions studied. We further identify the need to adapt current audit procedures and create new ones, and rethink the very process of doing so. The findings could help auditors obtain more significant knowledge of the information required to assess a company’s financial statements when such statements include stablecoin transactions. In addition, the study addresses the evolving relationship between auditing, accounting, and information technology, and the problems in integrating accounting and information technology

Conceptualizing resources and claims in consensual economic exchanges

The Core Ontology for Financial Reporting Information Systems (COFRIS) is grounded on Unified Foundational Ontology (UFO). In this paper, we build on COFRIS and attempt to detail the concepts of Economic Resources and Claims found in accounting frameworks, and to extract their features which are common to accounting and reporting standards. Economic Resources (Claims) are conceptualized as extensions of Complex Social and Legal Relators of UFO, within the consensual transaction-centric model. The application of this conceptualization and COFRIS in general aims to assist with standard-setting and the development of information systems, to facilitate understandability and reuse. The conceptualization is illustrated by examples presented in an ontology-inspired Event Table and is used to analyze the revised IASB® Conceptual Framework for Financial Reporting

Business models of accounting companies coping with tecnological disruption: A proposal for possibilities

The purpose of this investigation is to propose business models for accounting firms (BM), coping with technological disruption, to achieve a realm of possibilities inherent to a pragmatic constructivism. Thus, one must: (1) identify emerging technologies impacting BM attributes; (2) identify the attributes of BM in an environment of technological evolution; (3) identify the key ideas guiding the (re)invention of BM. It analyzes direct data collected through interviews conducted with four companies and indirect data from 50 documents obtained from 30 websites, portals, blogs, YouTube channels and similar platforms. It uses content analysis as a data analysis technique. It presents four main conclusions: (1st) there is no universal BM for accounting firms, but several capable of good execution; (2nd) four generic BM; (3rd) emerging technologies are decisive for BM and (4th) four guiding ideas for the (re)invention of BM were identified: (a) business ecosystem; (b) cloud platforms; (c) value-added services and (d) automation and full digitization.info:eu-repo/semantics/publishedVersio