Blockchain implications

Blockchain is not DLT and DLT is not Blockchain

DLT Is Not Blockchain! Blockchain Is Not DLT!

DLT, distributed ledger technology, is the term adopted by corporations that need a version of Blockchain that doesn’t include the decentralised consensus mechanism. As the latter is the essence of Blockchain, DLT’s are no Blockchains.

Accounting statistics Excel

Blockchain and Triple Entry Bookkeeping, How Exciting! How Frightening!

The Blockchain consensus system requires that transactions are audited before inserting them in the database. A bookkeeping that has Blockchain transactions as input becomes a pre-audited triple entry bookkeeping!