Corporate Transparency is becoming more prevalence nowadays, thanks to the advancement of the Internet that provides a platform for fast dissemination of corporate good standing. The corporate good standing is a public domain record that contributes to business decision making as well as input for national economic narration. However, as the data is freely distributed online, it is prone to unauthorized alteration or illegitimate manipulation. With recent innovation of Extensible Business Reporting Language (XBRL) and Blockchain technology, public domain information such as corporate standing can now be protected from illegal changes, maintaining the integrity and availability of such information online. The challenge is how to ensure the distribution of XBRL content to a decentralized peer-to-peer network while maintaining the authority of the government towards the whole data. This paper aims to explore the suitability of integrating XBRL and blockchain technology within the Malaysian context.

Amongst the predicament in selecting a contractor for project implementation is to identify a resilient partner who can withstand the financial impact posed by project risks and constraints. For that matter, decision-makers require full transparency of financial information of the candidates for an effective contractor selection process. In the context of Malaysia, authorities are adopting Extensible Business Reporting Language (XBRL) to convey information about companies financial standing. This study is aimed to develop a conceptual framework in utilising the increase of information brought along by XBRL implementation to facilitate transparency as required by decision-makers during the contractor selection process. This article is also articulating on factors to promote adoption of online business reporting to increase information integrity, recency and contextually to increase the transparency.