> The last thing they want is everyone being able to look into their books. If doesn’t mean each firms books are open to everyone or even each other. The data

> The last thing they want is everyone being able to look into their books. If doesn’t mean each firms books are open to everyone or even each other. The data can still be hidden and obscured, and only readable by the firms with the keys. What it does mean is that two firms transacting with each other have a single ledger entry for a single transaction. You’ve fallen into my “There will be naysayers saying "this cant work" because they still arent looking at the world fourth dimensionally, errr triple entry'y.” You started with the premise of why it can’t work and worked backwards, instead of going through how someone could keep a private database encrypted within a public one. >There is absolutely no evidence that any company or individual is interested in this end. “If I had asked people what they wanted, they would have said faster horses.” > Firms want to keep their own books. Because they lack vision. “If it ain’t broke.” > It’s fascinating that crypto enthusiasts can simultaneously promote crypto as a means to get away from govt control I don’t think I mentioned the government once. Seems like you’re projecting an identity or stereotype onto me. The real win will be when triple entry shared accounting replaces AP/AR and accounting system backups. It’ll lead to drastic efficiency increases, speed improvements, and cost savings. Those are things that will interest firms. And they will achieve those things through the accounting systems they implement. https://www2.deloitte.com/content/dam/Deloitte/dk/Documents/financial-services/Blockchain_Rapport_feb_2020_web_enkelt-side.pdf https://www2.deloitte.com/content/dam/Deloitte/dk/Documents/...