Abstract
<jats:p>In recent decades, blockchain technology has attracted the attention of the scientific and business communities due to its ability to provide transparency, security, and automation of processes. Initially associated with cryptocurrencies, this tool is now widely viewed as having the potential to transform various economic sectors, including accounting. This article examines the potential for blockchain technology in accounting in the Kyrgyz Republic, assessing the benefits for both public finance and the private sector. The analysis is based on current statistical data from the Ministry of Finance and the National Bank of the Kyrgyz Republic, as well as a theoretical review of existing global practices. The study identifies the key challenges of traditional accounting in Kyrgyzstan and demonstrates how the implementation of blockchain technology can improve the transparency and efficiency of accounting operations, while reducing the likelihood of errors and fraud. The article also provides recommendations for implementing blockchain in the country's financial system.</jats:p>