Would Triple Entry Accounting Have Saved Thomas Cook?

The world’s leading tourism corporation filed for liquidation after years of accounting malpractice. The largest British repatriation since Dunkirk in WW2 brought back 150,000 stranded tourists. Triple Entry Accounting (TEA) adds a third book which is controlled by an independent third party. ACME adds her invoice to the third ledger and puts a timestamp on it that cannot be changed anymore. The data is now immutable and thus very difficult to manipulate. The technology in question started with the blockchain but has now moved on to scalable, cheaper and faster protocols.