The Measurement of Blockchain Technology in Financial Reports in Commercial Banks

Nidal Zaqeeba; Hamza Alqudah; Badi S. Rawashdeh; Abdalwali Lutfi; Mahmaod Alrawad; Mohammed A. Almaiah

doi:10.28991/HIJ-2024-05-02-014

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Nidal Zaqeeba Department of Accounting, Faculty of Administrative and Financial Sciences, Irbid National University, Irbid 2600,, Jordan
Hamza Alqudah 1) Department of Accounting, Faculty of Administrative and Financial Sciences, Irbid National University, Irbid 2600, Jordan. 2) Jadara University Research Center, Jadara University, 21110, Jordan. https://orcid.org/0000-0003-2131-4933
Badi S. Rawashdeh Department of Accounting, Faculty of Administrative and Financial Sciences, Irbid National University, Irbid 2600,, Jordan
Abdalwali Lutfi
abdalwale.lutfi@ukb.ac.ae
3) College of Business, The University of Kalba,11115, Sharjah, United Arab Emirates. 4) MEU Research Unit, Middle East University, Amman, 11831, Jordan. 5) Applied Science Research Center, Applied Science Private University, Amman 11931, Jordan. https://orcid.org/0000-0002-3928-7497
Mahmaod Alrawad 6) Quantitative Method, College of Business Administration, King Faisal University, Al-Ahsa 31982, Saudi Arabia. 7) College of Business Administration and Economics, Al-Hussein Bin Talal University, Ma'an 71111, Jordan. https://orcid.org/0000-0002-8871-3392
Mohammed A. Almaiah Department of Computer Science, King Abdullah the II IT School, the University of Jordan, Amman 11942,, Jordan https://orcid.org/0000-0002-2215-2481

Vol. 5 No. 2 (2024): June

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The objective of the present study is to measure the impact of blockchain technology on financial reports. The study utilizes a time series analysis covering eleven commercial banks listed on the Amman Stock Exchange from 2009 to 2019. Two key measures, namely other operating expenses and customer deposits are employed in the Return on Assets (ROA). The findings indicate that blockchain technology can be quantified by 0.038 of other operating expenses. However, there are no discernible indications of measuring blockchain technology through customer deposits. The study suggests that blockchain technology is a double-edged sword; when not utilized as required, it leads to increased expenses, and conversely, its effective exploitation can have cost-reducing effects. In other words, operational inefficiencies or heterogeneity are associated with elevated costs associated with implementing blockchain technology.

Doi: 10.28991/HIJ-2024-05-02-014

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Zaqeeba, N., Alqudah, H., Rawashdeh, B. S., Lutfi, A., Alrawad, M., & Almaiah, M. A. (2024). The Measurement of Blockchain Technology in Financial Reports in Commercial Banks. HighTech and Innovation Journal, 5(2), 420–430. https://doi.org/10.28991/HIJ-2024-05-02-014

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Lutfi, A., Al-Khasawneh, A. L., Almaiah, M. A., Alshira'h, A. F., Alshirah, M. H., Alsyouf, A., Alrawad, M., Al-Khasawneh, A., Saad, M., & Ali, R. Al. (2022). Antecedents of Big Data Analytic Adoption and Impacts on Performance: Contingent Effect. Sustainability (Switzerland), 14(23), 15516. doi:10.3390/su142315516.

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The Measurement of Blockchain Technology in Financial Reports in Commercial Banks

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Publisher & Affiliated Societies

Indexing & Abstracting

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Most Cited Articles

Towards Bayesian Quantification of Permeability in Micro-scale Porous Structures – The Database of Micro Networks

Physicochemical and Microstructural Characterization of Klias Peat, Lumadan POFA, and GGBFS for Geopolymer Based Soil Stabilization

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