"Can I haxorz my bank account to be xyz" ?
No. The #answer is #SystemOfRecord (s)
aka "OneSingularTruth"
https://www.computerweekly.com/de/definition/System-of-Record-SOR
https://veengu.com/system-of-record-for-fintech/
https://aerospike.com/glossary/system-of-record/
My old #economy teacher could not answer this question once iirc.
But then again.
Most people don't care...
A system of record (SOR) is a data management term for a high-priority information storage and management system. It serves as the authoritative data source for mission-critical information. This is important when data comes from different source systems, is reprocessed, and then used again.
Systems of record are also codified by government agencies like the US General Services Administration, which defines systems of record as: “Systems of records – a system of record is a group of records from which information is retrieved by the name of an individual, or by any number, symbol, or other unique identifier assigned to that individual.”
A system of record (SOR) can be critical when different organizations rely on the same piece of information (for a customer, product, address, etc.) to avoid incorrect analyses or interpretation of that data. An agreed system of record requires that the data elements must be linked to, or extracted directly from, an authoritative source.
A #transaction needs to validated properly to go through and will be "recorded" on multiple systems.
Even if you were to falsify just the value you did not go through the means to validate it.
It will not matter then.
Pretty nifty.
Has always been, will always be.
Boring. No wonder we are not making much progress at all.....
#repost •acws #acws #banking #StuffThatBoresCea