The story started when a group of internet users started running the #bitcoin software released and distributed by an anonymous programmer #Satoshi Nakamoto; on their personal computers back in 2009 and started exploring an alternative “way” to transact value without the need of any central banks. …
“How blockchain technology combined with new age accounting mechanism of triple entry bookkeeping can proactively prevent Financial frauds”
Technology for governance — boon or bane
For the last four decades, there has been a rise in the usage of technology to improve governance. To quote Honorable Prime Minister of India…
Overview
Currently global accounting practices/accounting standards and related technology solutions are built on top of a fundamental accounting principle known as double-entry bookkeeping. In the double-entry accounting system, at least two accounting entries are required to record each financial transaction.
In recent times, I believe that the limitations of these…
