Understanding the Fundamentals of Financial Transactions

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This chapter explores the foundational principles of accounting, highlighting the essential rule that every credit must be matched by a corresponding debit. It uses relatable business scenarios, such as ticket sales, to illustrate the application of these principles in real-world financial transactions.

Online transaction processing, or OLTP, is designed for managing high volumes of short, fast, and concurrent transactions, such as data entry and retrieval operations. OLTP systems solve the problem of efficiently handling numerous simultaneous transactions, making them essential for sectors like banking and retail.

Joran Greef is the Founder and CEO of TigerBeetle, which is developing an open-source financial transactions database focused on mission critical safety and performance. He joins the podcast to talk about the TigerBeetle’s technology and problems it solves.

Gregor Vand is a security-focused technologist, and is the founder and CTO of Mailpass. Previously, Gregor was a CTO across cybersecurity, cyber insurance and general software engineering companies. He has been based in Asia Pacific for almost a decade and can be found via his profile at vand.hk.