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The future of crypto is much more boring. It’s in the accounting world. It’s in AP/AR. It’s the backbone between accounting systems at different firms transa
by basch 4y ago
The future of crypto is much more boring. It’s in the accounting world. It’s in AP/AR. It’s the backbone between accounting systems at different firms transacting with each other, who are collaborative but also trying to make money from each other. Think contractors and subcontractor.
Instead of double entry accounting, where each firm keeps a separate ledger for a project, they can all transact off one record of truth.
That kind of paradigm change won’t happen until oracle and sap etc agree on standards and interoperability. Give it another 40-50 years to displace current databases.