Today, we mark 36 years since the enactment of the Americans with Disabilities Act—landmark legislation that expanded opportunity for millions.
Amid the GOP's threats to our nation's most vulnerable, we must fight back and ensure all Americans are treated with dignity.
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.
I’ve been something of a gym rat since I was a teenager but sometimes the best way to get your heart pumping and your brain thinking is to get out of the gym and onto a hiking trail (1/10)
High-performance computing (HPC) sites are looking to nuclear power to fuel their electricity demands, which I’m all in favour of, provided there’s a wider societal benefit from these HPC operations. Otherwise, shut ’em down (1/13)
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)
It's a big day today in Antigua. Stay tuned for updates as we prepare to launch a massive development project that is both close to my heart and will be of great benefit to the Antiguan community.
The failure to introduce AI-specific regulatory guardrails will almost certainly come at a cost to the public, much like the failure to rein in the worst impulses of ‘crypto’ operators (1/13)
Artificial intelligence (AI) has been the cat’s meow in terms of big-dollar investment over the past couple years, but the enormity of these buy-ins has some investors wondering when—or if—the payoff will come (1/13)
Ty Everett of @ProjectBabbage at #LDNBlockchain24 emphasizes the importance of standardization in blockchain development.
Is the future going to be a single blockchain solution, or multi-chain? Catch the full discussion here: https://t.co/ppQCq6wOdj
Google Trends shows an unprecedented surge in the volume of searches for ‘onchain’ over the past few months, even as searches for other blockchain-related terms (Bitcoin, NFTs, etc.) have either fallen or stayed within traditional ranges (1/9)
Understanding #blockchain interoperability challenges is key. Overcoming hurdles in seamless data exchange can drive innovation and efficiency.
Dive into the full discussion and learn how we can create a more connected blockchain ecosystem.
Watch here: https://t.co/ppQCq6wOdj
At #LDNBlockchain24, @karyoberbrunner discussed the emerging role of blockchain technology in enhancing intellectual property protection through his company, Easy IP.
Dive into the details by watching the full discussion on YouTube: https://t.co/8ntWMmgt8Q