This study demonstrates how blockchain technology can improve the financial reporting process in the fintech industry by providing opportunities for remote labour, improved accountant roles and task automation. Threats include the requirements for blockchain expertise, standardisation, security issues and decreased flexibility. Limited R&D resources pose problems for small businesses. The main advantages of outputs are continuous, timely financial reporting and comparability; the risks associated with customised reports and regulatory difficulties in managing non-financial and financial data are the main disadvantages. The results show that all indicators of opportunities to use blockchain positively and significantly affect financial reporting opportunities within the fintech context. In addition, all the indicators of the threats of using blockchain have a positive and significant effect on the threats of financial reporting in the fintech context.

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