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RE: BlockTrades Update: New Cryptocurrency Accounting Steem

in #blocktrades7 years ago

Great initiative! Your stakeholders including investors and potential auditors will be happy with the transparency in your records since it will be blockchain based. This demonstrates are great use case for blockchain based accounting applications for many other industries as well. Thanks for the information; I would love to know how this progresses as it is definitely an area of interest for me.

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That's a great point: our ability to prove our finances from data on public ledgers is really a pretty radical idea in the current world where companies can easily generate opaque and outright deceptive accounting reports.