BLOCKCHAIN-BASED ACCOUNTING SYSTEMS AND FINANCIAL TRANSPARENCY IN NIGERIAN HIGHER INSTITUTIONS: AN EMPIRICAL ANALYSIS

Ephibayerin, Felicia Adjerhore PhD (Accounting); Miebi Evelyn

Authors

Ephibayerin, Felicia Adjerhore PhD (Accounting) Delta State Maritime Polytechnic, Burutu, Nigeria School of Business Studies Department: Accounting
Miebi Evelyn Delta State Maritime Polytechnic, Burutu, Nigeria School of Business Studies Department: Accounting

Keywords:

Blockchain; Financial Transparency; Data Integrity; Empirical Evidence; Accountability; Audit Efficiency; Nigeria

Abstract

This study investigates the influence of blockchain-based accounting systems on financial transparency in Nigerian higher institutions. A quantitative survey design was adopted, with data collected from accounting and finance professionals and analyzed using multiple regression techniques. The findings reveal that blockchain-based accounting (β = 0.412, p < 0.01), data integrity (β = 0.356, p < 0.05), and audit efficiency (β = 0.298, p < 0.05) exert statistically significant positive effects on financial transparency. Among these, data integrity emerges as a critical determinant of transparency outcomes. The results suggest that the deployment of decentralized accounting technologies enhances the traceability, reliability, and credibility of financial information. However, given the reliance on perceptual measures, caution is required in generalizing the findings. The study contributes empirical evidence to the emerging discourse on digital financial governance in developing economies and recommends a phased adoption approach with capacity development.

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BLOCKCHAIN-BASED ACCOUNTING SYSTEMS AND FINANCIAL TRANSPARENCY IN NIGERIAN HIGHER INSTITUTIONS: AN EMPIRICAL ANALYSIS

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