Sentences with phrase «ledger of financial transaction»

«With Bitcoin came the world's first Blockchain, a decentralized ledger of financial transactions that can not be counterfeited, forged, or modified.

For the uninitiated, the blockchain is a public ledger of financial transactions.

Not exact matches

Blockchains are distributed ledgers that keep a secure record of transactions, whether financial or otherwise.

«The blockchain is an incorruptible digital ledger of transactions that can be programmed to record not just financial transactions but virtually everything of value,» say Don and Alex Tapscott, authors of Blockchain Revolution.

The basic idea of bitcoin is simple: Instead of a financial institution holding a bank ledger, a chain of computers linked through the internet are all using the same software to record and verify every transaction.

In its other form, as an open source software, the bitcoin blockchain platform, which serves as a public ledger of all bitcoin transactions, is being used by institutional traders and software developers to transform the operational and transactional sides of the financial industry.

That means contracts, financial transactions, bills of lading, property titles, and tax filings that are the defining structures of our economic system could be seamlessly digitized and recorded forever in an open, distributed ledger.

This is why Ripple, along with a growing community of financial institutions and payments providers, support Interledger Protocol (ILP), which standardizes how to instantly settle transactions across different ledgers and networks.

The Monetary Authority of Singapore also signaled their intention to encourage banks to consider the many applications of the blockchain in the financial sector where distributed ledger systems may potentially be «applied in any area which involves contracts or transactions that currently rely on trusted third parties for verification».

R3, which is made up of over 100 financial institutions, launched the Blockchain platform Corda in 2015, a distributed ledger system that facilitates and standardizes financial transactions.

For those unfamiliar, blockchain is the digital, distributed, and decentralized ledger underlying cryptocurrencies that's responsible for keeping an immutable record of all transactions without the need for a financial intermediary.

The Blockchain technology underlying the cryptocurrency operation refers to a decentralized ledger which can automatically record transactions without the aid of a financial intermediary.

Using a Blockchain distributed ledger, all appropriate parties have access and insight into the clearing and settlement of financial transactions.

It becomes more useful as a [money transfer] rail and as a ledger [of financial transactions].»

Where dollars and pounds are handled by banks and financial institutions which collectively confirm when transactions occur, Bitcoin operates on the basis of a public ledger system.

«So in answer to the question about the types of non-payment transactions that are suited to mutual distributed ledgers, it is most of them within regulated financial services,» said Mainelli.

Blockchain technology is an indestructible electronic ledger of both economic and financial transactions.

The blockchain is a decentralized ledger where records of all transactions are held not by a central clearing house (such as a bank or other financial institution) but by each member of the network, therefore removing the need for a trusted third party.

Directing all aspects of accounting operations, overseeing all transactions related to general ledger, receivables, payables, payroll and financial reporting, with strong controllership abilities but also able to take on CFO roles such as IT / Lender management / HR.

The Accounting Manager is responsible for overseeing and managing the daily operations of the general ledger accounting team that includes, but is not limited to, ensuring compliance with accounting policies and procedures, performing complex various accounting functions, supervising the accounting and reporting system activities, and preparing accurate financial transactions postings and financial reports.

• Demonstrated ability to maintain accounting records and databases and verify financial reports • Hands - on experience in determining values of depreciable assets and reconciling accounts with accuracy and in a time - efficient manner • Proficient in updating and confidentially maintaining accounting journals and ledgers and other financial records detailing business transactions

Led development of a general ledger accounting application that used Rabbit MQ messaging to pull all financial transactions from concurrent projects.

• Analyze and monitor credit worthiness of assigned accounts • Review and prepare financial and operational reports based on variance analysis • Ensure timely completion of general ledger balances with accuracy • Oversee general accounting activities including transaction recording, account balancing and balance sheet reconciliation • Recommend and approve credit lines within prescribed guidelines • Supervise day to day operations related to cost accounting, deduction and payroll processing

• Kept records of all internal and external financial transactions, recording each transaction in the appropriate ledger.

• Kept records of financial transactions by keeping ledgers and journal entries updated.

A successful accounting assistant should be familiar with all accounting procedures and have a flair for numbers.Ultimately, a successful Accounting Clerk will ensure that the company's daily accounting functions run accurately and effectively.ResponsibilitiesProvide accounting and clerical support to the accounting departmentType accurately, prepare and maintain accounting documents and recordsPrepare bank deposits, general ledger postings and statementsReconcile accounts in a timely mannerDaily enter key data of financial transactions in databaseProvide assistance and support to company personnelResearch, track and restore accounting or documentation problems and discrepanciesInform management and compile reports / summaries on activity areasFunction in accordance with established standards, procedures and applicable lawsConstantly update job knowledgeRequirementsProven accounting experience, preferably as an Accounts receivable clerk or Accounts payable clerkFamiliarity with bookkeeping and basic accounting proceduresCompetency in MS Office, databases and accounting software including QuickbooksHands - on experience with spreadsheets and financial reportsAccuracy and attention to detailAptitude for numbersAbility to perform filing and record keeping tasksData entry and word processing skillsWell organizedHigh school degreeAssociate's degree or relevant certification is a plusBENEFITSWe offer: 401KPaid TrainingHealth Benefits (Medical, Dental, and Vision) Personalized GrowthPaid time off

Staff accountants perform a variety of accounting duties, including journal entries, creating and updating general ledgers and financial statements, reconciling accounts and managing revenue transactions and budgets.