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<p>This paper focuses on using blockchain technology for the digital transformation of enterprise financial accounting management to improve the security and reliability of data management. This paper makes a comparative analysis of PBFT algorithm and RPBFT algorithm, and uses blockchain technology to store data and monitor each node dynamically. The effect of financial management after digital transformation is remarkable. Taking Company A as an example, its operating profit margin increased from 12.13% to 26.0%, an increase of 13.87%. In terms of financial performance, the expenditure of Enterprise A between 2021 and 2022 increased from 15 billion yuan to 17.21 billion yuan. In addition, in terms of the management expense rate, the operating income of enterprise A in 2022 reached 185.828 billion yuan, which decreased by 0.74% compared with the expense rate 2020. The digital transformation strategy not only creates higher value for the enterprise, but also realizes the interconnection and sharing of data. This strategy has important practical significance to guide enterprises in the digital era of financial accounting management, which helps enterprises to maintain advantages in the fierce market competition, while ensuring data security and efficient management.</p>
</abstract>

This paper focuses on using blockchain technology for the digital transformation of enterprise financial accounting management to improve the security and reliability of data management. This paper makes a comparative analysis of PBFT algorithm and RPBFT algorithm, and uses blockchain technology to store data and monitor each node dynamically. The effect of financial management after digital transformation is remarkable. Taking Company A as an example, its operating profit margin increased from 12.13% to 26.0%, an increase of 13.87%. In terms of financial performance, the expenditure of Enterprise A between 2021 and 2022 increased from 15 billion yuan to 17.21 billion yuan. In addition, in terms of the management expense rate, the operating income of enterprise A in 2022 reached 185.828 billion yuan, which decreased by 0.74% compared with the expense rate 2020. The digital transformation strategy not only creates higher value for the enterprise, but also realizes the interconnection and sharing of data. This strategy has important practical significance to guide enterprises in the digital era of financial accounting management, which helps enterprises to maintain advantages in the fierce market competition, while ensuring data security and efficient management.

Digital Transformation Strategy of Enterprise Financial Accounting Management Based on Blockchain Technology

Applied Mathematics and Nonlinear Sciences

This work is licensed under the Creative Commons Attribution 4.0 International License.

This paper focuses on using blockchain technology for the digital transformation of enterprise financial accounting management to improve the security and...

Digital Transformation Strategy of Enterprise Financial Accounting Management Based on Blockchain Technology

Published Online: Feb 26, 2024

Page range: -

Received: Jan 10, 2024

Accepted: Jan 19, 2024

DOI: https://doi.org/10.2478/amns-2024-0448

Keywords
Blockchain technology, PBFT algorithm, Digital transformation, Financial accounting

© 2024 Haiyan Mi, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Digital Transformation Strategy of Enterprise Financial Accounting Management Based on Blockchain Technology

Published Online: Feb 26, 2024

Page range: -

Received: Jan 10, 2024

Accepted: Jan 19, 2024

DOI: https://doi.org/10.2478/amns-2024-0448

KeywordsBlockchain technology, PBFT algorithm, Digital transformation, Financial accounting

© 2024 Haiyan Mi, published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
Blockchain technology, PBFT algorithm, Digital transformation, Financial accounting