REA, Triple-Entry Accounting and Blockchain: Converging Paths to Shared Ledger Systems

Ibañez, Juan Ignacio; Bayer, Chris N.; Tasca, Paolo; Xu, Jiahua

doi:10.2139/ssrn.3602207

Cited by 25 publications

(13 citation statements)

References 45 publications

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“…Self-financing: the creators of a technology project can create their cryptocurrency in a certain amount; they keep a part of the new cryptocurrency for themselves and the rest is sold in exchange for donations/loans from users: they automatically become investors, betting on the success of the project and the consequent increase in the value of their digital currencies [93].…”

Section: Database Systems Blockchain Distributed Ledger Applications In Fintechmentioning

confidence: 99%

Fintech Frontiers in Quantum Computing, Fractals, and Blockchain Distributed Ledger: Paradigm Shifts and Open Innovation

Moşteanu

Faccia

2021

Journal of Open Innovation: Technology, Market, and Complexity

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Among the hot research topics, Fintech is leading the trend in terms of the newest technology applications. The relatively new emerging paradigms in various sciences, such as geometry (fractals), physics (quantum), and database systems (distributed ledger—blockchain), seem to potentially contribute to a greater shift in the framework of the finance industry, bringing also some concerns (cyber-threats). Consistent and extensive investigation of the reasonable potential impact of these new models (and their underlying technologies) is performed, and then tested through a SWOT analysis, as the main objective of this research. Threats and opportunities are always intrinsically driven by the introduction of technological advancements (revolutions). This research confirms that information availability and the increasing interconnection of crosswise applications of each discovery to the different fields of science is determining the rapid succession of revolutions identified by evident large shifts in economic paradigms. The growing computing capacity and the development of increasingly powerful predictive software are leading to a competitive, extremely dynamic, and challenging system. In this context, as shown by history, there is a high possibility of market concentration in which, however, only a few corporations—digital giants—can afford to develop these technologies, consolidating their dominance.

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Section: Database Systems Blockchain Distributed Ledger Applications In Fintechmentioning

confidence: 99%

Fintech Frontiers in Quantum Computing, Fractals, and Blockchain Distributed Ledger: Paradigm Shifts and Open Innovation

Moşteanu

Faccia

2021

Journal of Open Innovation: Technology, Market, and Complexity

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“…This mechanism needs reliable and independent intermediaries in verifying every individual transaction and entries that are saved by intermediaries must be guaranteed from the risk of loss or data changes by hackers or others. Blockchain technology has the potential to become a third party that can record transactions in a triple-entry mechanism [8].…”

Section: The Concept Of Triple-entry Accounting Blockchain That Applicable In Indonesiamentioning

confidence: 99%

Analysing the Potential of Blockchain for the Accounting Field in Indonesia

Hartoyo

Sukoharsono

Prihatiningtyas

2021

jak

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This research aims to identify and analyze the potential of blockchain technology for the accounting field in Indonesia. This research was conducted at the Indonesian Blockchain Association. This research uses qualitative methods with the case study approach and analysis of making explanation strategies. The result of this study indicates that blockchain is applicable in Indonesia without having to use cryptocurrency as a payment tool. The result finds that blockchain can be used as a technology for Accounting Information System. One of the reasons is that all accounting transactions have the potential to be traceable with the blockchain. The data in this technology can be considered as relevant information due to the nature of blockchain as a technology that records and stores data that cannot be changed and manipulated. Blockchain will be used as a database and data procession will still be carried out by using the Accounting Information System. Blockchain is unable to automatically process data into information that may be needed in accounting. This research is expected to strengthen the theory related to blockchain as one of the accounting technologies, also to be an initial step in improving the concept of triple-entry accounting that is usable in Indonesia by using Blockchain which is supported by other platforms such as ERP and uses Token as the representative of assets or financial in recording transactions.

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“…Second, it may not always be possible to distinguish a cross-ledger transaction from a single-chain transaction. However, if these two challenges are addressed, thanks to the book-keeping property [4] and immutability of a ledger, using a reputation mechanism can complement existing protocols.…”

Section: Reputation Mechanismmentioning

confidence: 99%

A Game-Theoretic Analysis of Cross-Ledger Swaps with Packetized Payments

Dubovitskaya,

Ackerer,

2021

Preprint

Self Cite

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We propose a game-theoretic framework to study the outcomes of packetized payments, a cross-ledger transaction protocol, with strategic and possibly malicious agents. We derive the transaction failure rate and demonstrate that without disciplinary mechanisms, packetized payments are likely to be incomplete. Our analysis suggests that collateral deposits can prevent malicious agents from taking advantage of the protocol. We further infer that the deposit amount should depend on the underlying asset price volatility or that it should be dynamically adjusted as the price changes.

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REA, Triple-Entry Accounting and Blockchain: Converging Paths to Shared Ledger Systems

Cited by 25 publications

References 45 publications

Fintech Frontiers in Quantum Computing, Fractals, and Blockchain Distributed Ledger: Paradigm Shifts and Open Innovation

Fintech Frontiers in Quantum Computing, Fractals, and Blockchain Distributed Ledger: Paradigm Shifts and Open Innovation

Analysing the Potential of Blockchain for the Accounting Field in Indonesia

A Game-Theoretic Analysis of Cross-Ledger Swaps with Packetized Payments

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