BlockchainTech: Can Triple Entry Accounting Save the World

Luca Pacioli, father of modern accounting. Source: Wikipedia

Before you finish this article, you will have fallen in love with double entry accounting, mourn its failing and rejoice with us in saving the world up to $4 Trillion[1] in losses due to fraud.

Scene from the carnival. Source: By David Sedlecký [CC BY-SA 4.0], from Wikimedia Commons

Perhaps the most important book of humanity

Paciolis book about geometry. By Stockholms Universitetsbibliotek from Stockholm, Sweden [CC BY 2.0], via Wikimedia Commons

Economy in crisis of trust

The mansion of evil — Enron complex in Houston, Texas. Source: By Alex [CC BY 2.0], via Wikimedia Commons

“It’s tough to lie when everybody is watching”

Ian Grigg. Source: Ian Grigg.
A third public ledger. Hence triple entry accounting. Source: Author

Follow the money or “it’s triple entry accounting, stupid!”

Triple Entry Accounting Projects

Footnotes

The Semantic Business Blockchain

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