Blockchain is also known as Decentralized Ledger Technology. As such we tend to think about it, and the Smart Contracts that execute its operations, in accounting terms, as messengers of monetary transactions. Extending the blockchain utility beyond keeping records of ownership is not new. We’ve been living in the age of Vitalik Buterin for a while now. Nevertheless, some basic conceptions are difficult to shake off, and every now and then we discover new implications of his vision that in hindsight seem inevitable.