The relationship between the use of blockchain technology and the accountability and reporting

Purpose This study aims to investigate the potential benefits of blockchain technology in enhancing corporate accountability and reporting transparency to foster a more optimistic view toward its implementation in business practices. Design/methodology/approach Data were gathered from 304 managers, accountants, auditors and board members of small and medium-sized enterprises in Razavi Khorasan Province 2024. A combination of standardized instruments and a custom-developed questionnaire validated by experts was used to measure the variables. The data were analyzed using SmartPLS. In the proposed model, blockchain adoption and reporting transparency are independent variables, while corporate accountability and reporting quality are dependent variables. Findings The analysis reveals that implementing blockchain technology has a strong positive impact on corporate accountability and financial reporting quality. In addition, higher levels of transparency in reporting are associated with improved organizational responsiveness, suggesting that greater openness in information disclosure strengthens companies’ ability to respond to stakeholder demands and regulatory expectations. The results indicate that adopting blockchain can significantly contribute to more reliable, timely and transparent corporate reporting practices. Originality/value This research offers a novel empirical perspective on how blockchain can transform corporate accountability frameworks. It emphasizes the importance of technological trust, transparency and continuous blockchain-based auditing in advancing corporate governance. The study provides practical recommendations for managers, regulators and policymakers to support blockchain implementation through regulatory measures, security protocols and inter-organizational collaboration. Ultimately, these findings reinforce stakeholder trust, regulatory compliance and long-term organizational credibility.