Making $200- $400 a week just by using Internet
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- Mobile / Pc
- 45 Minutes a day
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Enterprise blockchain technology can enhance the centuries-old system of double-entry accounting by adding a third entry that ensures the figures entered are immutable and independently verifiable, thereby boosting trust while reducing the potential for disaster from unwise attempts to ‘cook the books.’
The principles of modern accounting have been around since the 14th century but that hasn’t prevented scandals and spectacular collapses. Some of the more recent examples include Enron and Worldcom, which not only brought down the companies but also their auditors Arthur Andersen (after nearly 90 years in business) who were found to have been complicit in the deceptions.
The concept of triple-entry accounting (TEA) emerged shortly after these scandals in a paper written by Ian Grigg. This predated the release of Satoshi Nakamoto’s Bitcoin white paper by several years, relying instead on a financial cryptographic innovation called the digitally signed receipt.
https://t.co/yJ8Nn8HhPw
Now, with blockchain available, there’s a publicly proven version of the technology to underpin this TEA concept. Martin Coxall, director of growth at @BSV_Assn, says blockchain-assisted TEA can ensure financial data is immutable, independently verifiable, quickly auditable, available as a single source of truth (SSoT) and provided in a single set of books that is able to be shared by the parties globally.
https://t.co/Xjz4QpLSDu
Gone is the ability to keep multiple ledgers, each telling a different financial story. Instead, the blockchain is the ledger. You can’t convince a lone accountant or auditor to fudge the figures due to the ledger’s distributed nature. Attempts to manipulate the data after the fact are impossible because transactions are immutably recorded and time-stamped on the network.
As Grigg himself has observed, not all blockchains are capable of performing this vital role. Globally, the number of annual invoices are in the hundreds of billions, and invoices are only part of the ledger system. Any blockchain that can’t scale to handle a sufficient volume of transactions is incapable of serving in this capacity.
https://t.co/xF6bLbhTO1
The BSV Blockchain has prioritized scalability, not just to meet the needs of today but the demands that the future will bring. BSV has teamed with Aerospike, an industry leader in real-time high-performance database scaling, to put BSV’s Teranode scaling technology to the test.
Teranode’s capacity to efficiently and securely handle in excess of one million transactions per second—while limiting individual transaction costs to tiny fractions of a cent—will enable enterprises to utilize BSV for a wide variety of their data management requirements, including TEA.
Even better, BSV’s ability to pack exponentially more transactions into individual blocks than other proof-of-work blockchains—while also making redundant some traditional data processing energy expenditures—makes BSV a far ‘greener’ option than blockchains solely focused on financial speculation.
Companies like @UNISOT_ who already utilize blockchain to manage end-to-end supply chain solutions are devising ways to help accountants and auditors make the leap from double-entry to TEA. The result will be reduced timelines for audits, simplified due diligence processes and—perhaps most importantly—greater investor confidence that the companies they support aren’t leading them down the road to ruin.
GREAT NEWS – the @BSV_Assn launched the World Wide Web Consortium (W3C) Blockchain2 Community Group to explore the integration of enterprise blockchain technology into internet standards for web apps (1/12)
https://t.co/aNyPNZAkIS
So, we have been running Teranode for a little over 3 weeks. It's kind of like a hot rod that isn't exactly street-legal yet, but still really fun to drive.
The beauty of it is that we can see the only things left to do are buttoning up the details!
#Teranode#BSV
ICYMI, the Ayre Group has partnered with @NikkiBeachWorld Hospitality Group to open the Nikki Beach Resort & Spa #Antigua. The $400 million+ project will be located on Jolly Beach, adjacent to the Jolly Harbour community on Antigua’s west shore (1/5)
Verifiable AI on Bitcoin!
We have successfully verified the computation of an AI model on Bitcoin SV mainnet. This brings accountability to AI and allows it to be securely integrated with payment and control infrastructure. It's the first use case of our new ZKP technology.
Blog https://t.co/o0Pw2kAAVi
Github https://t.co/4lhPIbNrcD
Get in touch to find out more. We love to collaborate!