Contents
A blockchain architecture for trusted sub-ledger operations and financial audit using decentralized microservices Synopsis
Abstract:
Decentralized microservices enable trusted sub-ledger operations and financial audit in this blockchain architecture. Blockchain technology improves security and allows cross-company transactions in enterprise finance. The proposed architecture uses trusted sub-ledger operation (TSLO) and smart contracts to verify accounting data by asset group. Asset management in corporate accounting and enterprise resource planners is flexible with TSLO. A decentralized microservices tree (DMST) and E-Bidding framework extend Triple Entry Accounting (TEA). For assets-driven transactions, our approach uses DMST-implemented decentralized sub-ledgers. To preserve the logic of “More stake, more reputation,” we use Proof of Authority and Proof of Stake mechanisms to make government audit and taxation procedures more accessible to financial groups.
Introduction:
Blockchain technology provides unmatched security and streamlines cross-company transactions in enterprise finance. This article presents a blockchain-based architecture to solve accounting data traceability and validity issues in asset grouping. The trusted sub-ledger operation (TSLO) uses smart contracts to secure and transparent financial operations. TSLO improves asset management in corporate accounting and enterprise resource planners. Our E-Bidding framework extends Triple Entry Accounting (TEA) and the decentralized microservices tree (DMST).
Existing Methods:
Traditional ledger operations use multi-ledger architectures like Hyperledger Fabric. These architectures typically limit participant channels to a single entity or organization. Our approach uses decentralized sub-ledgers implemented as DMSTs, making asset-driven transactions more flexible. Decentralizing accounting improves transparency, security, and scalability.
Proposed Method:
Our architecture uses TSLO to trace and validate accounting data by asset group. Our method automates and enforces business rules with smart contracts. The DMST framework executes these smart contracts, enabling decentralized microservice integration. We improve accounting efficiency and accuracy while ensuring financial record transparency and immutability by using extendable E-Bidding TEA.
Advantages:
Our architecture outperforms traditional ledger systems. DMST’s decentralized sub-ledgers improve asset management transparency and accountability. Smart contracts also streamline business processes and reduce fraud. Our Proof of Authority and Proof of Stake mechanisms make government audit and taxation easier for financial groups. This combination safeguards “More stake, more reputation” and financial transactions.
Conclusion:
Our blockchain architecture for trusted sub-ledger operations and financial audit using decentralized microservices concludes. Our asset management method for corporate accounting systems and enterprise resource planners uses TSLO and smart contracts to be flexible and adaptable. DMST and an extendable E-Bidding framework improve accounting operations, while Proof of Authority and Proof of Stake mechanisms make financial transactions accessible and secure. The proposed architecture makes enterprise finance cross-company transactions secure and transparent.
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