Establishment slowly coming to terms with borderless currencies

Ledgers have had a new incarnation in the digital economy. Debits and credits have made way for algorithms, writes Eleanor Doyle.

The capabilities and properties of electronic ledgers have little if any similarity to their old, familiar, paper-based ancestors. What keeps the modern digital ledger honest, offering an authenticated reflection of transactions of monies in and out, is the anonymous collaboration of third parties to the transactions.