
The Convergence of Shared Ledger Systems: Understanding the Genealogy of REA, TEA, and Blockchain
The recently published paper, “REA, Triple-Entry Accounting and Blockchain: Converging Paths to Shared Ledger Systems,” by Juan Ignacio Ibañez, Chris N. Bayer, Paolo Tasca, and Jiahua Xu, delves deep into the history and progression of shared ledger systems. It sheds light on how three major pillars—Resource-Event-Agent (REA) framework, Triple-Entry Accounting (TEA), and blockchain—interacted over time and forged the shared ledger systems we are familiar with today.