Double-entry Bookkeeping

This article is a follow up to Double and Triple entry bookkeeping and Aurigraph DLT Protocol and Platform in using Aurigraph DLT platform for Open Banking solutions Background In the Current Banking scenario, Bank hold enormous amounts of consumer data in separate silos and are unable to map consumer’s 360-degree profile…

Cash-in-Transit (CiT) Management has been one of the most challenging businesses in the world while remaining one of the most essential service as well, especially in these troubled times of pandemic. Banks are engaging third party CiT providers to reduce costs and risks, which creates a new set of issues…

Digital currencies are disrupting centuries old economic and monetary models since the introduction of Bitcoin and Blockchain technologies. Digital currencies offer numerous advantages over incumbent Central bank issued currencies. Official currencies are based on the assets of the economy, and their value depends upon supply and demand, which is controlled…

Background In government, disbursement of funds under various centrally sponsored schemes is carried out through the appropriate ministry, state departments and implementing agencies, before reaching the actual beneficiaries. The Problem Statement To ensure timely and appropriate delivery of funds and services, its essential to track the services delivery and funds disbursement. This requires financial…

51% Crypto fraud can burst the cryptocurrency bubble https://www.crypto51.app/about.html

Decentralized Computing For the last fifty odd years, Computing has been centralized with applications running centrally and Data being stored on a Centralized server. While such application architectures have their benefits in terms of deployment and data integrity and all data transfers and transactions among users going through the centralized infrastructure, the…