Cardstack

<h2 id="header-0">Web3 Trends &amp; Insights</h2><h3 id="how-blockchain-enabled-reconciliation-streamlines-accounting">How blockchain-enabled reconciliation streamlines accounting</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/7c3ffa1e77864be08407064eb90af3e3.png">The current financial ecosystem is based on double-entry accounting or bookkeeping. It works through two-sided accounting entries, i.e. every entry in one account must have a corresponding and opposite entry in a different account. The problem is that fraudulent entries can easily find their way into this widely used accounting system.Blockchain-enabled triple-entry accounting solves this problem, as the record is permanent and immutable. This way, internal records become less prone to fraud, as they are verifiable through an easy on-chain audit trail.Read more about triple-entry accounting in our recent <a href="https://medium.com/cardstack/how-blockchain-enabled-reconciliation-streamlines-accounting-aa57427dfe96" rel="noopener noreferrer nofollow">blog</a>.<h3 id="using-smart-contracts-to-optimize-business-processes">Using smart contracts to optimize business processes</h3><img src="https://academy-public.coinmarketcap.com/optimized-uploads/3c4d661b45d940cb84b386e06465fc52.png">Smart contracts are powerful bits of code that can drastically improve the way businesses function and interact with each other. In our latest <a href="https://medium.com/cardstack/using-smart-contracts-to-optimize-business-processes-36ccb569c397" rel="noopener noreferrer nofollow">blog</a>, we presented a few ways businesses can use blockchain and smart contracts to optimize their operations:<ul><li>B2B Deals: Smart contracts can streamline supply chain processes for business-to-business deals. Considering they leverage blockchain, smart contracts also create an audit trail that auditors or regulators can review.</li><li>Dispute resolution: Smart contracts are based on a set of rules that the involved parties agreed on and require a signoff at each stage. When a dispute happens and there’s a discrepancy, the smart contract synthesizes the data in order to identify the source of that discrepancy and comes to an agreement, making dispute resolution efficient and quick.</li><li>Accounting: In blockchain-enabled accounting, transactions are recorded in chronological order and hosted on-chain, so the record is permanent. Any changes are recorded as separate transactions, eliminating chances of fraudulent transactions.</li></ul>Other articles from the cryptosphere we enjoyed this month:<ul><li><a href="https://www.cnbc.com/2022/10/11/google-selects-coinbase-to-take-cloud-payments-with-cryptocurrencies.html" rel="noopener noreferrer nofollow">Google selects Coinbase to take cloud payments with cryptocurrencies and will use its custody tool</a></li><li><a href="https://www.coindesk.com/layer2/2022/10/04/can-starbucks-bring-web3-into-the-mainstream/" rel="noopener noreferrer nofollow">Can Starbucks Bring Web3 Into the Mainstream?</a></li></ul><h2 id="header-1">Web3 Watch Events</h2>Join our upcoming fireside chat on physical and digital NFTs with LTD.INC’s Founder Daryl Kelly.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/712687af24bb4aaea43718b8c2da4d42.png">The fireside chat will focus on these central points:<ul><li>LTD.INC’s vision</li><li>LTD.INC’s on-chain and off-chain NFT-related offerings</li><li>Challenges in building a unique on-chain and physical business model</li><li>…and much more!</li></ul>Register <a href="https://events.cardstack.com/en-us/web3-watch/physical-digital-nfts-with-ltd.incs-founder-daryl-kelly" rel="noopener noreferrer nofollow">now</a>.Check out our latest fireside chats!<react-video url="https://youtu.be/RTgY3Y3FKJM"></react-video>Cardstack's Founding Director Chris Tse spoke with Endaoment’s CEO Robbie Heeger about crypto philanthropy.Recently, we also hosted fireside chats with…<ul><li><a href="https://youtu.be/5XF6L2zD_tM" rel="noopener noreferrer nofollow">Phillip Shoemaker</a>, Executive Director of Identity, about decentralized identity verification</li><li><a href="https://youtu.be/uy1V4rXoMOo" rel="noopener noreferrer nofollow">Kain Warwick</a>, Founder of Synthetix, about DeFi governance</li></ul>Web3 Watch fireside chats are on every first and third Wednesday of the month!<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ce618aedafd145ad9694332bba4b0715.png">You can listen to each chat on these streaming platforms:<a href="https://open.spotify.com/show/5KZtRWnYU08LyPsYzAvX2W" rel="noopener noreferrer nofollow">Spotify</a> | <a href="https://music.amazon.com/podcasts/5f6d0280-6d84-43a8-b8e1-b653a948dbca/web3-watch" rel="noopener noreferrer nofollow">Amazon Music</a> | <a href="https://podcasts.apple.com/us/podcast/web3-watch/id1615176417" rel="noopener noreferrer nofollow">Apple Podcasts</a> | <a href="https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy84YWY3M2MyOC9wb2RjYXN0L3Jzcw?sa=X&amp;ved=0CAMQ4aUDahcKEwjYysy76Z_3AhUAAAAAHQAAAAAQAQ" rel="noopener noreferrer nofollow">Google Podcasts</a> | <a href="https://anchor.fm/cardstack/" rel="noopener noreferrer nofollow">Anchor</a><h2 id="header-2">Meet the Cardstack Team</h2>This October, we’re delighted to introduce Cardstack’s design technologist and communications manager. Meet Burcu and Katrin!<img src="https://academy-public.coinmarketcap.com/optimized-uploads/f073ccef50cf498bb87cca8514737f40.png">Burcu works with the Card Compiler/runtime team on Cardstack's no-code/low-code app builder. Learn more about her work <a href="https://www.notion.so/Q-A-with-the-Cardstack-Team-1bbb8cd1ed88459d9c41a642c3c81d48#eb37281d484d44bf8136f3fc7a25663d" rel="noopener noreferrer nofollow">here</a>.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/8e8e29d20c37424d9f08240aa0e2e466.png">Katrin works on marketing as well as the user experience in Cardstack’s product design. Learn more about her <a href="https://www.notion.so/Q-A-with-the-Cardstack-Team-1bbb8cd1ed88459d9c41a642c3c81d48#dd209c086d4d442d9c1d298f8dc0957a" rel="noopener noreferrer nofollow">here</a>.Stay up-to-date<ul><li>sign up for our newsletter on <a href="https://resources.cardstack.com/contact" rel="noopener noreferrer nofollow">cardstack.com</a></li><li>star Cardstack on <a href="https://github.com/cardstack/cardstack" rel="noopener noreferrer nofollow">GitHub</a></li><li>join our Discord channel</li><li>join our <a href="https://t.me/cardstack" rel="noopener noreferrer nofollow">Telegram group</a> and <a href="https://t.me/cardstackupdates" rel="noopener noreferrer nofollow">announcement channel</a></li></ul>Originally published on <a href="https://medium.com/cardstack/web3-roundup-b03a3986c3e2" rel="noopener noreferrer nofollow">Cardstack's Medium Page</a>

Web3 Roundup — October 2022: First edition of our biweekly newsletter!

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Cardstack

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