Accounting Blockchain is the future of accounting which will be saving businesses across the globe billions of dollars on a yearly basis and sparing the individual sole reliance on expensive accountants. How is this even possible? Accounting Blockchain are building a dedicated blockchain which will be able to handle business transactions and in the process eliminate approximately 50% of the bookeeping work currently done by accountants.
Once businesses integrate blockchain into the industry, the supply chain will be streamlined, saving money to businesses, and moving towards a healthier economy away from the risk of fraud and away from present gross accounting inefficiencies. A quick google search "accounting + Blockchain" reveals numerous articles written by independent professionals advocating the use of blockchain in the accounting profession.
Accounting data is very sensitive and needs to be stored in a secure, trustworthy place. More so when this data involves multiple parties as the data needs to be stored in a secure place that is trusted by all parties. Mutability, malicious attacks, transactions costs, scams, lack of assurance of authenticity have all been barriers in providing a trusted common ground to store B2B entries that can be trusted by all parties. Thus the status quo prevails, and companies remain operating in relative isolation accounting-wise spending billions in reconciliation costs.
A trusted, secure common ground where to store triple entry information is the key to connecting businesses though triple entries. The Accounting Blockchain - a tailor made blockchain infrastructure built specifically for accounting and for triple entries. A platform available for everyone to be able to use without having to pay hefty subscription fees to any particular software company. A distributed, trustworthy, fast, secure common ground where businesses feel confident to connect with. This is only possible with the advancements in Blockchain technology.
AB aims to provide affordable, easy, up to date platform solutions which do not break the bank. Apart from being affordable, our services will guarantee great savings which can be enjoyed immediately.
The Accounting Blockchain (TAB), designed from the ground up, is the ultimate solution and the platform connecting together businesses from all over the globe. It is designed and will be engineered to maximize accounting efficiency and to safeguard the data stored forever thanks to the advancement in the Blockchain technology.
|“||August 2016: Accounting Blockchain Concept development and focus groups.
September 2016 –July 2017: In depth market and blockchain research.
July 2017 – December 2017: Feasibility studies.
January 2018: Team recruitment commencement.
February 2018 : Consultant engagement for tokenomics.
March 2018: Won ESTS Initiative ICO competition.
May 2018: Commencement of private placement.
July 2018: ICO Start.
August 2018 : End of ICO.
December 2018: AB Fingertips Suite Alpha Version.
February 2019: Official launch of AB Fingertips Suite.
June 2019: AB Taxavance Official Launch.
July 2019: Open testing of Blockchain.
December 2019: The Accounting Blockchain Official Launch.
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