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Monitoring transactions across multiple systems
Dr Wright began the second day by discussing the monitoring of transactions across multiple systems and linking these to a single user.
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Workshop on accounting and mapping transactions on-chain
In the final session on the first day, the attendees split into groups to discuss the different business use cases to utilise the concepts discussed so far. This includes tokenisation, accounting, and mapping transactions on-chain.
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Exploring the potential for NFTs in government record-keeping
NFTs, or non-fungible tokens, have primarily been associated with digital art and collectables. However, regulators and governments around the world are increasingly looking at how NFTs and blockchain technology can apply to their processes.
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Tokenising processes
In the third session, Wright discussed tokenizing processes and how putting products on-chain can directly benefit companies and consumers. He drew from a real-life example dealing with shipping in Mumbai and how the process was weighed down by endless pieces of paperwork, stamps, and signatures.
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Tracking food from farm to table with Gate2Chain and Trace
Knowing the origin of food allows us to monitor and regulate its safety. By tracking the source, we can identify potential risks such as contamination, pesticide use, or improper handling and take appropriate measures to mitigate them.
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General ledgers and controls
In the second session in Zurich, Dr Wright discussed general ledgers and controls and asked members of the audience how triple-entry accounting and mapping transactions on-chain can be used in real-life use cases.
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Double-entry accounting vs blockchain’s triple-entry ledger
In the first session, Wright explained that the reason double-entry accounting was created was to solve some of the problems with error entry—with a double-entry book, two columns need to match, creating a check and a balance.
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Guiding users through web3 with HandCash
HandCash is one of the most popular wallets in BSV. While they have nailed payments in the past, Brandon Cryderman shows us why HandCash is also the go-to wallet for web3.
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Building a new smart city on Blockchain
While blockchain is often considered alongside the financial benefits it can offer, it will also revolutionise how we live.
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Smart contracts and record-keeping for enterprises with Tokenized
Businesses around the world are facing increased scrutiny around their record-keeping practices with potential fines rising into millions of dollars and even potential jail time. This is especially true in the private market sector which has traditionally not faced as much regulatory pressure.