• Amreen Khan
• Shurveer S. Bhanawat

The article discussed the journey of Blockchain Technology in three phases starting from 1979 in chronological order. Most of the literature available credited W. Scott Stornetta and Stuart Haber as the early contributors and founding fathers of Blockchain Technology and then acknowledged Satoshi Nakamoto for introducing this underlying technology through Bitcoin. However, by thoroughly looking at the major technological developments that took place from 1970s, a lot of prominent work came to the notice, which was required to be highlighted. The objective behind writing this article is to briefly show the evolution of this technology and how eventually it become so dynamic. Lastly the paper discussed the application of Blockchain in triple entry bookkeeping, covering the benefits of using Blockchain in bookkeeping. Also, the paper reviewed few studies which have shown how practically accounting can be merged with Blockchain and the conclusion is drawn based on these studies.

Blockchain technology, Smart Contract, Triple entry bookkeeping, Triple entry accounting, Bitcoin, Ethereum, Digital signature, Distributed Ledger

"Journey of Blockchain Technology leading to Blocounting", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 3, page no.d83-d90, March-2022, Available :http://www.jetir.org/papers/JETIR2203313.pdf

"Journey of Blockchain Technology leading to Blocounting", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 3, page no. ppd83-d90, March-2022, Available at : http://www.jetir.org/papers/JETIR2203313.pdf