Blockchain’s Triple-Entry Accounting: A Potential Shift for Banks

What is Triple-Entry Accounting?

Traditional accounting uses double-entry: every transaction records a debit and a credit across two private ledgers.

Triple-entry accounting adds a third, cryptographically secured entry on a shared ledger (blockchain). This third entry is a tamper-evident receipt—created and validated by cryptography—that both parties (and authorized overseers) can rely on.

In short:

Entry 1: Sender’s books

Entry 2: Receiver’s books

Entry 3: Shared, immutable blockchain record

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