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Reengineering Accounting

There are a lot of blockchain-related companies and other underlying infrastructure providers that are trying to reengineer accounting.  Here is a partial list:

It will be interesting to see if any succeed. Here are some good videos that explain Bitcoin, Blockchain, and Triple-Entry accounting: Bitcoin is more than money. Blockchain is a new way to record and store transactions of all sorts. This video explains the basics of how bitcoin works. This video explains how triple-entry accounting works.  This is a pretty decent video that explains the implications of triple-entry accounting.  This is an OK explanation of triple-entry accounting.

This paper created by the UK government is one of the most comprehensive yet approachable resources for understanding distributed ledgers.

Posted on Friday, October 5, 2018 at 07:34AM by Registered CommenterCharlie in | CommentsPost a Comment

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