The current standard in accounting practice is the double-entry approach. Basis of the double-entry approach is that every financial event brings two equal and offsetting entries. Since these financial events are not automatically confirmed by both parties, the accounting quality can be improved. The blockchain mechanism possibly offers a different take on accounting. Based on an experimentation approach, data was collected to compare the double-entry method with the blockchain-based triple-entry method. The results show that the main difference concerns determining the completeness of the financial statement items. In the situation of double-entry accounting, segregation of duties is applied to do so. In the blockchain situation, the underlying mechanism of the blockchain already ensures this.
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From the article: "This article evaluates the application of blockchain technology to improve organic or fair-trade food traceability from “Farm to Fork” in light of European regulations. This study aims to shed light on the challenges in the organic food chain to overcome, the drivers for blockchain technology, and the challenges in current projects."
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De vraag wat het doel is van de blockchain wordt te weinig gesteld in de ‘mania’ om de nieuwe technologie te gebruiken. Als dat doel met traditionele databasetechnologie kan worden gerealiseerd, waarom dan een complexe blockchain gebruiken? Voor archivering de belangrijkste vraag.
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In januari 2016 maakte Vitalik Buterin op het blog van Ethereum duidelijk dat blockchain en privacy moeizaam samengaan. Compliance aan de AVG is van belang, vooral vanwege de hoge boetes die door de Autoriteit Persoonsgegevens opgelegd kunnen worden. In hoeverre kan de blockchain overweg met de AVG?
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At the moment of writing of this article, mid-2018, the topic ‘blockchain’ was introduced in the real estate industry in the Netherlands about two years ago. Blockchain will have a large impact in the way we share information and make transactions. Its promise is big, interest in the topic and the number of experiments doubles each year, and not only in the Netherlands, but globally too. So you might expect the number of actual ‘blockchain products’ for the real estate market to follow the same exponential pattern.In reality, however, this is hardly the case at all. Does that mean there are barely any problems to which blockchain is the solution? Perhaps the problems do exist, but the market is not ready yet? And why not? The two most frequently asked questions in the real estate industry are the following: 1. How will blockchain change my business model?2. Where can I buy it so that I can employ it tomorrow?
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From the article: Blockchain technology may have the potential to fundamentally change society and we might currently witness the dawn of a cryptographically secured trust-free transactions economy. One relatively unexplored application domain is waste management. Incorrect waste management practices may lead to illegal pollution or enable fraudulent transactions. Using a design science approach, we formulate problem areas and evaluate the applicableness of using a blockchain solution to mitigate the problems identified. Our results indicate that it is important that the organization and its infrastructure is prepared for the use of blockchain. There are several conditional challenges that must be overcome to realize blockchain technology’s full potential. Further research is needed in order to grasp a full understanding about the situations in which blockchain technology is beneficial or not.
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Het tekort aan handjes in de accountancy neemt toe. Tegelijk groeit de maatschappelijk druk om bedrijven zo goed mogelijk te controleren, om te zorgen dat ze financieel, fiscaal en qua duurzaamheid in de pas blijven lopen met de (toenemende) regelgeving. Gelukkig komt er steeds meer technologie voorhanden die de accountant kan helpen bij het controleren van de boeken, schetst Eric Mantelaers, hoofd Bureau Vaktechniek, RSM Accountants. Medio juni is hij aan de Open Universiteit gepromoveerd op zijn proefschrift ‘An evaluation of technologies to improve auditing’.
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Purpose: The main purpose of this thesis to explore the possible application of blockchain technology in solving issues and concerns of members and stakeholders in multi-stakeholder cooperatives, which prevent effective collaboration in governance.Design: This study is performed using an extensive literature study on blockchain technology, relevant business cases solving issues and concerns comparable to these in multi-stakeholder cooperatives and six semi-structured interviews with blockchain experts, using the business case of multi-stakeholder cooperative Gebiedscoöperatie Westerkwartier.Findings: Findings reveal blockchain-based solutions can contribute to solving existing issues and concerns in multi-stakeholder cooperatives, by implementing its main characteristics: creating transparency, immutability and distributed consensus. This results in increased trust, increased efficiency and accuracy in decision-making, decreased administrative costs due to self-executable smart contracts and enables product traceability in supply chains. However, information is retained in supply chains, preventing blockchain from reaching its full potential. In addition, smart contracts are not legally binding in all countries yet and blockchain, as most technologies, is subject to human or technical error.Value: Overall, this study contributes to understanding issues and concerns existing in multistakeholder cooperatives and the potential application and benefit of blockchain technology to solve existing issues preventing effective collaboration. Expert and participation: Jan Veuger
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Betreft een Nieuwsbrief waarin opgenomen de uitnodiging voor het openbaar college en workshop Blockchain en energie door Bernhard van der Biessen, HU.
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This paper analyses the performativity of the sociotechnical imaginaries that the online communities interested in blockchain applications (e.g., cryptocurrencies) construct through the memes they share, in the context of a crisis of truth and amid pervasive precarity. These memes adopt a subcultural language that is a mix of financial jargon and blockchain slang, neither building on the established codes of the regulated financial sector nor belonging fully to the colloquial nature of internet banter. Through them, the community collectively constructs ways to overcome the fundamental uncertainty that traverses all aspects of contemporary life – housing, precaritisation of labour, political ruptures, etc – by doubling down on them. Financial speculation is no longer reserved to those with disposable income but becomes a tactic for survival in a scene that actively destabilizes information for competitive market advantage. Through the use of repeated memetic subcultural phrases, blockchain memes blur the difference between fact and fiction in an effort to reconcile the extreme volatility of cryptocurrencies with the neoliberal conviction that the market is always right. As a result, no one is trustworthy, individualism takes on a new dimension, and what Aris Komporozos-Athanasiou calls a “speculative community” arises. Ultimately, this case study highlights how the iterative and distributed character of memes supercharges the normative character of performativity.
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