Triple-Entry Accounting With Blockchain Technology

Abstract

Although double-entry accounting has been used for more than 600 years this days’ era of disruptive technological alternate using blockchain and FinTech has caused the emergence of some other promising accounting method: triple-entry accounting. Blockchain changes the dynamics of business processes and since the accounting department must intervene all company processes, it is to know the effect of blockchain in different business processes. Triple-entry accounting with Blockchain, while it is well made, basically can improve accounting.