Bitcoin and its public ledger create a third revolution for accounting. The first article shows how the accounting industry has been developed from Single counting to Double counting and with Bitcoin & blockchain and its public ledger, we will have Triple counting. That is a biggest revolution in accounting after many decades.
An accounting revolutionThe bullish case for BitcoinIndeed, Bitcoin's public ledger and blockchain technology introduce a monumental revolution in accounting. With Single counting, Double counting,
and now Triple counting through blockchain's transparent and immutable records, the accounting industry undergoes a profound transformation.
This innovation holds the potential to reshape financial systems and bring unparalleled trust,
security, and efficiency to accounting processes.