The main purpose of this paper is to study the critical success factors (CSFs) of the blockchain technology adoption in Accounting and bookkeeping which might be literally a first attempt and also propose a conceptual framework of an accounting model adopting the Blockchain technology, which will be promoting the combination of these two areas in the future. Acritical literature review of the blockchain technology, accounting, and blockchain based accounting was conducted to identify the most relevant factors of Blockchain adoption, followed by the model formulation with the help of interpretive structural modelling (ISM) consisting of CSFs and relationships between those based on experts’ views. In the study we have attempted to develop a contractual relationship among Trust (TR), Resistance to Change (RC), Scalability (SC), Energy Consumption (EC), Use of External Network (UEN), Perceived Cost (PC), Data Immutability (DI), Government Policy (GP), Facilitating Conditions (FC) and Behavioural Intention to Adopt (IA); with view of blockchain implementation in accounting. This study supports previous conceptual work on Blockchain Technology and accounting could serve as a starting point to assist in decision-making.