USING BIOCK CHAIN TECHNOLOGY TO CONTROL NON-CURRENTASSETS

Abstract

With the rapid developments in technology، Blockchain technology has become one of the most prominent innovations that provide opportunities to improve control processes over non-current assets in institutions. Controlling non-current assets is a major challenge for institutions، especially with the increasing incidence of fraud، manipulation, and errors in financial data، especially data related to non-current assets. Here، Blockchain technology has emerged as one of the promising and innovative solutions to enhance integrity، transparency، accuracy, and tracking of these assets. The importance of this research lies in discovering the role of Blockchain technology in improving control procedures over non-current assets، because they are one of the most important resources that an institution possesses، and their supervision requires accurate processes characterized by transparency and credibility. Therefore، the research aimed to evaluate current control procedures for assets and determine the potential of Blockchain technology in improving control procedures over non-current assets. The most important conclusion reached by the researcher is that there is a statistically significant correlation between increasing the effectiveness of internal control procedures and control over non-current assets. Therefore، we recommend employing Blockchain technology in monitoring non-current assets due to its role in enhancing the efficiency and effectiveness of monitoring procedures.