« Introducing the Fact Ledger | Main | This Canadian Genius Created Modern AI »

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

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.