Abolish Double Entry book-keeping

Todd Boyle's - brilliant - work blew my mind about five years ago when I saw that he had reached the same conclusion as me but from an entirely different starting point.

His approach to "shared transaction repositories" (his term) is from below - from databases and ontologies - an accounting technical "quasi-engineering" perspective.

Todd understands the ultimate granularity of the "plumbing" of our global economic architecture better than anyone I have ever come across.

I came to the same conclusion in 2001 from above - an architectural perspective - arrived at from analysing what "markets" are (ie a market is defined by the contracts entered into and recorded in a market trade registry ) and I have since moved on to the conclusion that a global "market" is merely a special "open" case of a generic "enterprise".  

Market 3.0

I met Todd in San Francisco in 2004 at a seminar re Community currencies, but while we agreed on the necessity for shared transaction repositories, my knowledge and experience are totally alien to him, and his to me, and we have since ploughed our own separate furrows.

"The future is already here -- it's just not very evenly distributed" William Gibson