1. Applications of Blockchain to Government Open Checkbooks By Eid Alotaibi & Dr. Hussein Issa

2. Government agencies have significantly developed
Introduction
Government agencies have significantly developed
High complexities in the financial transactions
As well as systems relating to transactions
This paper discusses how applications of blockchain with its smart-contract software to government open checkbooks can
Provide stakeholders with a higher level of transparency
Enable real-time auditing through the standardization of data formats
Provide stakeholders with real-time audit evidences' access

3. Proposed Framework can
Contribution
Proposed Framework can
Organize financial and nonfinancial data
Format and standardize complex data
Enable auditors to extract audit evidences from one source
Applications of smart contracts in a blockchain can record, verify, and trace documents and provide better transparency
Improve audit quality by
Testing the whole population of transactions
Reducing the risk of the recorded transactions details being changed fraudulently or by some error
Enhancing audit efficiency
Preserving trustworthy digital records
In government audit, large and different financial and nonfinancial data, as well as unformatted and complicated data, are being extracted from multiple sources by auditors

4. Literature Review
(Simoyama et., 2017) proposed blockchain system as a solution for corruption within the environment of Federal Court of Accounts of Brazil (TCU)
High complexities in the financial transactions
As well as systems relating to transactions
A paper by (Lemieux, 2016) contributes an original analysis of the application of Blockchain technology for recordkeeping in the Honduras land registry system.
Another study by (Dai & Vasarhelyi, 2017) provided an argument on how blockchain could qualify a real-time, verifiable, and transparent accounting ecosystem.

5. Current Process

6. Proposed Framework

7. Proposed Framework

8. Proposed Framework can
Conclusion
Applications of smart contracts in a blockchain can record, verify, and trace documents and provide better transparency
Proposed Framework can
Organize financial and nonfinancial data
Format and standardize complicated data
Enable auditors to extract audit evidences from one source
Next steps:
Build (or acquire) a payment blockchain
Test the ability of this technology to enable real-time auditing

9. THANK YOU FOR YOUR ATTENTION