Resources-Events-Agents, or REA for short is like a new language for accounting that focuses on telling the whole economic story. "We often characterize REA as economic storytelling," Professor McCarthy explains:
Instead of just writing down numbers, accountants keep track of all the important stuff. They look at the resources being traded, the events happening, and the people or companies involved. It's like writing a detailed story that doesn't leave anything out.

William McCarthy is a Professor of Accounting and Information Systems at Michigan State University.  Professor McCarthy's research interests center on the application of knowledge-based systems, object orientation, and database theories to the problems of building better accounting systems.

This new paradigm of storytelling the whole economic story is already a Holochain app that is being evolved into Holochain ecosystem and will be an integral part of the future financial making and commons organizer/visualizer.

Data integrity, instant/infinite transactions of Holochain and REA will open possibilities for humans into a post monetary world. Yes, you heard me right, a world without money😉. So think about it without being terrified. It means that no third parties are involved in any transactional action you will ever have and dictators, thieves, bad actors might really have a hard time thriving in that society.

I am not a financial adviser, please do your own research and uncover a bigger part of the whole picture.
#holochain #holo #Holofuel #RWA's

Holochain and Holo network, establishes trust in a decentralized, peer to peer environment/internet. Data integrity is maintained between peers via very lightweight nodes aka small servers, communicating and validating each other at the same time. #holochain #holo

#MyFirstFeedPost Hello, Binance Square!

Holo/HOT is a sleeping giant but to understand it you must do your own research, which will take a long time but its very much worth it.

HOT is the placeholder of the holofuel HF, “the currency of the Holo network” coming on the Q3. Unlike any other crypto before, this unit of currency will be historically the first MCC “mutual credit currency” the world has ever seen. Will be a real world asset backed crypto RWA and will power the first decentralized cloud hosting which will act as a bridge of the web2 and web3 applications built on Holochain. It will be the hell of a Journey but many should jump aboard and not miss it.

Remember: do not forget to do your own research and finally understand why : “Data is the new gold”
🫶🍾#holochain #RWA板块涨势强劲 #BTC