January 2019
Intermediate to advanced
258 pages
7h 12m
English
Content preview from Blockchain for Business 2019
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Value of blockchain
We've already seen that recording information and organizing it in a ledger resembles an accounting system. Blockchain is a pretty sophisticated accounting system from a technological point of view, but still an accounting system.
A blockchain distributed ledger is stored and maintained by an entire computer network, rather than on a single computer, server, or piece of paper. This is a true element of innovation. If you are still not convinced by the value proposition blockchain brings, consider the fact that the accounting system as we know it today has existed since the 15th century.
Yes, that's right! The double-entry accounting system was introduced by Luca Pacioli in 15th century Italy. It is based on the idea that ...
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