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&#39;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&#61;X&amp;ved&#61;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&#39;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&#39;s Medium Page</a>

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

Table of Contents

Cardstack

Other articles published on Oct 17, 2022

Who was that person who couldn’t let a day go by without checking their portfolio even for just a...

Using Smart Contracts to Optimize Business Processes

Weekly Report (10-16 Oct 2022): Inflation report triggered $219M BTC longs liquidation on Oct. 13...

METAPLAYERS NEWS — New eSports org, tournament, partnership, and EsportManager V2

Adopt Smart Farming For Better Future

Leading Web3 Firm Ankr Is Now One of the First RPC Providers to the Aptos Blockchain

Join our free newsletter for daily crypto updates!