Proceedings of the International Conference on Sustainable Business and Entrepreneurship (ICSBE 2025)

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Blockchain-Integrated Traditional Accounting Systems: Enhancing Transparency and Efficiency 1n Edo State's Cooperative Societies

Authors
Solomon A. Ediae1, *
1Department of Accountancy, Federal College of Education, Ekiadolor, Edo State, Nigeria
*Corresponding author. Email: ediaesolomon@gmail.com
Corresponding Author
Solomon A. Ediae
Available Online 26 December 2025.
DOI
10.2991/978-94-6463-930-8_7How to use a DOI?
Keywords
Blockchain; Traditional Accounting; Cooperative Societies; Transparency; Financial Reporting
Abstract

This study explores the uncharted integration of blockchain technology with traditional accounting systems to enhance transparency, efficiency, and trust in financial reporting within cooperative societies in Edo State, Nigeria. Despite the growing adoption of digital tools in accounting, the potential of blockchain to transform traditional ledger systems in localized, community-driven financial entities remains underexplored. Focusing on Edo State’s cooperative societies, this research investigates how blockchain can address prevalent issues such as financial mismanagement, lack of real-time auditability, and limited stakeholder trust. Using a mixedmethods approach, the study combines qualitative interviews with cooperative leaders and quantitative analysis of blockchain-based transaction records. The findings reveal that blockchain integration significantly reduces discrepancies in financial reporting, enhances member trust, and streamlines audit processes, though challenges like technological literacy and infrastructure costs persist. This research pioneers a novel framework for blockchain adoption in traditional accounting systems, offering implications for policymakers, accountants, and community financial institutions in developing economies. Edo State serves as a unique case study, reflecting the intersection of cultural financial practices and modern technological innovation.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Sustainable Business and Entrepreneurship (ICSBE 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
26 December 2025
ISBN
978-94-6463-930-8
ISSN
2352-5428
DOI
10.2991/978-94-6463-930-8_7How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Solomon A. Ediae
PY  - 2025
DA  - 2025/12/26
TI  - Blockchain-Integrated Traditional Accounting Systems: Enhancing Transparency and Efficiency 1n Edo State's Cooperative Societies
BT  - Proceedings of the International Conference on Sustainable Business and Entrepreneurship (ICSBE 2025)
PB  - Atlantis Press
SP  - 69
EP  - 79
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-930-8_7
DO  - 10.2991/978-94-6463-930-8_7
ID  - Ediae2025
ER  -