Quantitative Analysis of the Relationship Between IFRS and Blockchain Technology Adoption in Nigerian Firms
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style:
- Recommended for :
- NGN 5000
Background of the Study
Blockchain technology, characterized by its decentralized and immutable nature, has emerged as a transformative force in various industries, including accounting and finance. In Nigeria, the adoption of International Financial Reporting Standards (IFRS) aims to enhance transparency and trust in financial reporting. Blockchain technology aligns with these goals by ensuring secure, real-time, and verifiable financial transactions.
The convergence of IFRS and blockchain technology offers opportunities for improving financial reporting accuracy, auditability, and compliance. However, the adoption of blockchain technology among Nigerian firms remains limited due to factors such as high implementation costs, lack of technical expertise, and regulatory uncertainty. Quantitative analyses of the relationship between IFRS and blockchain adoption can shed light on how these technologies influence financial reporting and compliance. This study investigates the extent to which IFRS adoption drives blockchain technology adoption among Nigerian firms.
Statement of the Problem
Despite the potential synergy between IFRS and blockchain technology, their integration in Nigerian firms remains underexplored. Challenges such as limited awareness, technical barriers, and regulatory constraints hinder blockchain adoption, while the role of IFRS in driving its adoption remains unclear. This study quantitatively examines the relationship between IFRS adoption and blockchain technology adoption in Nigerian firms.
Aim and Objectives of the Study
The aim of this study is to analyze the relationship between IFRS and blockchain technology adoption in Nigerian firms. Specifically, the objectives are:
-
To assess the level of blockchain technology adoption among Nigerian firms implementing IFRS.
-
To determine the influence of IFRS adoption on blockchain technology adoption in Nigerian firms.
-
To identify challenges hindering the integration of IFRS and blockchain technology in Nigeria.
Research Questions
-
What is the level of blockchain technology adoption among Nigerian firms implementing IFRS?
-
How does IFRS adoption influence blockchain technology adoption in Nigerian firms?
-
What challenges hinder the integration of IFRS and blockchain technology in Nigeria?
Research Hypotheses
-
Nigerian firms implementing IFRS have a higher level of blockchain technology adoption.
-
IFRS adoption significantly influences blockchain technology adoption in Nigerian firms.
-
Challenges in integrating IFRS and blockchain technology significantly affect adoption levels in Nigerian firms.
Significance of the Study
This study highlights the relationship between IFRS and blockchain adoption in Nigerian firms, providing valuable insights for organizations, regulators, and policymakers to leverage technology for enhanced financial reporting.
Scope and Limitation of the Study
The study focuses on the relationship between IFRS adoption and blockchain technology adoption in Nigerian firms from 2012 to 2025. Limitations include access to quantitative data on blockchain adoption and variations in technological readiness among firms.
Definition of Terms
-
Blockchain Technology: A decentralized digital ledger that records transactions securely and transparently.
-
IFRS Adoption: The implementation of International Financial Reporting Standards for financial reporting.
-
Quantitative Analysis: The use of statistical and mathematical models to analyze data.
Related Project Materials
An appraisal of the impact of geopolitical rivalries on regional integration in Argungu Local Government Area, Kebbi State
Background of the Study
Geopolitical rivalries within a region can either impede or promote efforts towards regional integration. Argungu Lo...
An assessment of maintenance charge policy innovations on reducing overhead costs in banking: a case study of Stanbic IBTC Bank Nigeria
Background of the Study
Maintenance charges constitute a substantial component of operational expenses in the banking sect...
Development of an AI-Based University Academic Integrity Monitoring System in University of Abuja, FCT
Background of the Study
Academic integrity is the cornerstone of higher education, ensuring that scholarship and ethical c...
Enhancing Government Data Security Using Quantum Cryptography at Federal Ministry of Communications, Abuja
Background of the Study
In today’s digital world, data security has become a crucial aspect of governance. Governm...
EVALUATION OF THE EFFECT OF COST REDUCTION TECHNIQUES TO ACHIEVE PROFITABILITY IN AN INFLATED ECONOMY (A CASE STUDY OF NIGERIAN BREWERIES PLC)
ABSTRACT
Cost reduction programme has become an important practice among manufacturing firm in Nigeria...
AN ASSESSMENT OF THE LIFE STYLE OF YOUNG PEOPLE AND CHURCH GROWTH
Background of the study
Church Growth is a movement within evangelical Christianity that is focused on establishi...
ENVIRONMENTAL HYGIENE AND HEALTH STATUS OF TRADERS
ABSTRACT
This is a descriptive research study on Environmental Hygiene and Health Status of traders in Akpan Andem Marke...
COMPUTER BASE NETWORK SECURITY AND FIREWALLS IN BANKING SYSTEM
INTRODUCTION
The interconnection of computer with other related office equipments are finding increasi...
THE IMPACT OF ARTIFICIAL INTELLIGENCE FOR ENDPOINT PROTECTION IN GOVERNMENT INSTITUTIONS: A CASE STUDY OF KADUNA STATE ICT HUB
Background of the Study
As digitalization becomes integral to government operations, securing endpoints—the devic...
The Effect of Rural-Urban Migration on Disease Transmission in Borno State
Background of the Study
Rural-urban migration is a significant demographic phenomenon in Nigeria, often d...
