# Your Ledger Stores Balances. I Built One That Stores Intentions.

Page: https://stenobird.com/podcast/web3-tech-brief-by-hackernoon-6365654/your-ledger-stores-balances-i-built-one-that-stores-intentions
Text version: https://stenobird.com/podcast/web3-tech-brief-by-hackernoon-6365654/your-ledger-stores-balances-i-built-one-that-stores-intentions.md
Podcast: [Web3 Tech Brief By HackerNoon](https://stenobird.com/podcast/web3-tech-brief-by-hackernoon-6365654)
Published: 2026-07-16T16:00:54+00:00
Episode link: https://share.transistor.fm/s/b8e87906
Audio file: https://media.transistor.fm/b8e87906/c924cf8a.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/web3-tech-brief-by-hackernoon-6365654/episodes/your-ledger-stores-balances-i-built-one-that-stores-intentions
Duration seconds: 984

## Resource

This story was originally published on HackerNoon at: https://hackernoon.com/your-ledger-stores-balances-i-built-one-that-stores-intentions . A blockchain ledger records who owns what. I built one that records what each unit was given for, as a consensus rule, with spending gated by on-chain proof Check more stories related to web3 at: https://hackernoon.com/c/web3 . You can also check exclusive content about #blockchain , #web3 , #formal-verification , #distributed-systems , #smart-contracts , #fintech , #protocol-design , #philanthropy , and more. This story was written by: @whysasha . Learn more about this writer by checking @whysasha's about page, and for more stories, please visit hackernoon.com . TL;DRIn the account model, a blockchain ledger is a map from Address to Amount. It knows who holds how much and nothing about what the money is for. When money is given for a fixed purpose, that missing field is the whole problem. So I made the state key (Address, Purpose), made non-reassignability a rule of the transition function, and put disbursement behind on-chain verification. Here is how it works, how it differs from ERC-1155 and colored coins, and where it still falls short.

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## Transcript

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