Re:Why Everyone Missed the Most Important Invention in the L...
by abritinthebay on Friday June 23, 2017 @06:23PM
(#14623225)
I thought it worked quite well... interesting.
The idea is that, as with single to double, triple entry adds another record.
In this case it's the blockchain but it actually doesn't have to be a blockchain, that's just a method for having a publicly verifiable (and cryptographically reliable) 3rd entry.
Long story short: it's not really about bitcoin/blockchain but more how those technologies enable a really interesting and potentially game changing accounting process.
The idea is that, as with single to double, triple entry adds another record.
In this case it's the blockchain but it actually doesn't have to be a blockchain, that's just a method for having a publicly verifiable (and cryptographically reliable) 3rd entry.
Long story short: it's not really about bitcoin/blockchain but more how those technologies enable a really interesting and potentially game changing accounting process.