In recent years, the use of digital technologies has become essential for improving financial systems and public accountability. Blockchain, a secure and transparent digital ledger, offers great potential to transform accounting and financial governance in India. This paper explores how blockchain-based digital accounting can help create a more reliable, tamper-proof, and transparent financial environment. It discusses how such systems can reduce fraud, enhance efficiency, and promote public trust in both government and corporate sectors. The study also looks at how blockchain can support India’s vision of Viksit Bharat 2047 by ensuring openness and accuracy in financial reporting. The paper will use examples from current digital initiatives and analyse their practical impact on accounting practices. The findings aim to show how blockchain technology can strengthen good governance and contribute to sustainable economic growth in the coming decades.