Eunice Elizabeth Akol2024-10-042024-10-042024-09-04https://hdl.handle.net/20.500.12311/1739Undergraduate researchThe purpose of the study was to assess the effect of the blockchain technology on the financial reporting process of Celo Uganda. This study was guided by the following research questions: What is the relationship between Blockchain Technology and Financial Reporting? What specific mechanisms does Blockchain employ to ensure the accuracy, dependability and transparency in financial Reporting? What are the potential risks and challenges associated with the implementation and integration of Blockchain Technologies into financial reporting? The study used was Celo Uganda. The total population of 45 staff was targeted for the study though, 36 managed to respond. The primary data was collected using structured questionnaires. Qualitative data was analyzed and the output was presented using a descriptive statistic of percentages and by narration. This study investigates the transformative potential of blockchain technology on financial reporting, examining its capacity to enhance transparency, accuracy, and efficiency. By leveraging a mixed-methods approach, combining both qualitative and quantitative data, this research analyzes the effects of blockchain adoption on financial reporting quality, auditability, and stakeholder trust. The findings reveal that blockchain-based financial reporting systems can significantly reduce errors, improve real-time disclosure, and increase stakeholder confidence. However, the study also identifies key challenges, including regulatory uncertainty, scalability limitations, and industry-wide adoption hurdles. The research contributes to the existing literature by providing insights into the benefits and obstacles of integrating blockchain technology into financial reporting, offering recommendations for stakeholders seeking to harness its potential.enThesis