Finance 4.0: Knowledge-Driven Governance

The 20th century finance model has served us well, but it is insufficient for our times. It presumes expertise of a simple kind. The problem is that the wars and turmoil of that century set aside the glorious findings of the science that also came about in those times. This does not serve. We need to use all of the knowledge we can get -- not the "made up" kind, the real kind. Through fluidity and dual control, this can be done. Technology serves as the basis for Finance 4.0, but not as it is traditionally used. Concepts for how this is to be done have been brought forward by the accounting profession, most specifically in the original event accounting publications. Indeed, finance and accounting can be the key agents in bringing knowledge and governance together.