Blockchain and Traceability of Intangible Assets: Towards a New Era of Accounting and Financial Transparency

Abstract

Abstract:

This paper aims to theoretically examine the potential contributions of blockchain technology to the valuation and governance of intangible assets. Based on a critical literature review, the study draws on three conceptual frameworks, the agency theory, stakeholder theory, and the Technology–Organization–Environment (TOE) model, to explore how blockchain can enhance the traceability, transparency, and reliability of intangible resources.

The findings highlight that blockchain may reduce information asymmetries, automate control processes through smart contracts, and strengthen stakeholder trust. However, its adoption is constrained by technical, regulatory, and organizational challenges. The paper concludes by emphasizing the need to rethink accounting practices and to promote pilot initiatives to effectively integrate emerging technologies into intangible asset valuation.

Keywords:

Intangible assets, Blockchain, Governance, Smart contracts, Organizational theory, Digital accounting, Valuation