Tag Archives: Accounting

Would Triple Entry Accounting Have Saved Thomas Cook?

A Thomas Cook airplane. Now grounded. By Von Milborn / Wikipedia The world’s leading tourism corporation filed for liquidation after years of accounting malpractice. A new accounting technology might have prevented that. On June 9th 1841, Baptist priest Thomas Cook set out to walk from Market Harborough to Leicester (15 miles) to attend a Temperance…

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BlockchainTech: Can Triple Entry Accounting Save the World?

Luca Pacioli, father of modern accounting. Source: Wikipedia Before you finish this article, you will have fallen in love with double entry accounting, mourn its failing and rejoice with us in saving the world up to $4 Trillion[1] in losses due to fraud. The Notting Hill Carnival is one of London’s most colourful annual events with…

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