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This paper introduces a peer-to-peer electronic accounting system, as the current system sufferers from the inherent weakness of double-entry accounting, for example, a time gap problem between occurring and recording transactions, ignoring billions of individuals’ access to essential financial information, and the possibility of fraud and error. The most efficient solution to these problems has emerged a peer-to-peer electronic accounting system. It is an advanced system of double-entry accounting, but instead of concentrating on one party, it views and records transactions for both affected sides at the same time. It would enable electronic financial transactions between various parties, like electronic payment, online credit transaction, foreign exchange, securities exchange, and etcetera.

How to Develop a Peer-to-Peer Electronic Accounting System by Nesar Ahmad Noori :: SSRN This paper introduces a peer-to-peer electronic accounting system, as the current system sufferers from the inherent weakness of double-entry accounting, for ex

Is double-entry accounting scalable to the current technology?

Double-Entry Accounting Scalability to the Current Technology by Nesar Ahmad Noori :: SSRN This paper discusses the scalability of the double-entry accounting system to the current technology growth. Technology is one of the main improvement factors i

Here you can download peer-to-peer electronic accounting white paper from SSRN

Peer-to-Peer Electronic Accounting System by Nesar Ahmad Noori :: SSRN A peer-to-peer electronic accounting system is based on the fact that every transaction which effects two parties has equal and opposite effects in at least fou