Transforming Infrastructure Project Management: Integrating Blockchain and Predictive Analytics for Enhanced Audit and Risk Management (Published)
The growing complexity of infrastructure projects necessitates innovative approaches to project management, auditing, and risk assessment. This paper presents a novel framework that integrates blockchain technology with predictive analytics, using Markov chain models and sentiment analysis, to revolutionize infrastructure project management. Drawing from the author’s extensive experience in the field, this paper details the development and implementation of this framework, demonstrating its potential to enhance transparency, improve efficiency, and reduce risks in infrastructure projects.
Keywords: IoT sensors, Risk Assessment, auditing framework, blockchain technology, infrastructure project management, predictive analytics
In what way does blockchain technology tie with the efficacy of accounting practice in Nigerian accounting firms? (Published)
The digital transformation sweeping across industries in recent years has had a significant influence on the field of accounting. This study specifically aimed to assess the impact of blockchain technology on the effectiveness of accounting practices in Nigeria. This study used a qualitative approach and the study’s primary data came from the distribution of a structured questionnaire to the targeted respondents, which comprised accountants, finance analysts, and blockchain experts. The total population was 178 registered accounting firms in Nigeria as of 31st December 2022. A purposive sampling technique was used to select 123 firms from which 3 questionnaires were distributed to each of the firms selected, totaling 369, which served as the sample size. Data were analyzed through descriptive statistics and inferential statistics. The overall results found that blockchain technology had a significant positive effect on the efficacy of accounting practice in Nigeria. Thus, this study recommends that accounting firms in Nigeria should consider investing in blockchain technology to improve data security, transparency, and efficiency.
Keywords: Accounting Information Quality, blockchain technology, cost effectiveness., data immutability, efficacy of accounting practice