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In which sector or field will triple entry accounting be mass adopted first in the Web3 era?
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@vs_gregory
- Community
- fix the money, fix the world
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Triple entry accounting can help establish verifiable proof of ownership, authorship, and authorization for digital assets, financial records, and contractual agreements.
Blockchain and other shared digital ledgers create an opportunity to make accounting records more transparent, auditable, and difficult to manipulate.
Successful adoption of TEA requires organizations to be ready to rethink established accounting practices, invest in digital infrastructure, and train people to work with new verification tools.
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