The Bitcoin Masterclasses #3 highlights: Accounting and mapping transactions on-chain
The 3rd edition of The Bitcoin Masterclasses series held in Zurich was led by Dr. Craig Wright, which focuses on accounting and mapping transactions on-chain.
Latest double-entry accounting News
The Bitcoin Masterclasses in Zurich: Accounting and mapping transactions on-chain
With its ability to record information and transaction securely, Dr. Wright says this builds accountability for blockchain industries, as falsifying data would be too complicated on-chain.
Abendum creates a ‘triple entry accounting’ platform to secure business records, fast
Abendum complies with the ISA 500 international auditing standard that determines whether a report is considered sufficient and appropriately complete for auditing.
Double-entry vs triple-entry accounting
The term triple-entry accounting adds a third component known as the Bitcoin network with underlying blockchain technology to the double entry accounting in order to link every aspect of a transaction.