Hello,
Was wondering if anybody is familiar with the Accounting Blockchain, and what is your opinion about it?
It looks to my like a really good product with potential gowth, and I'm thinking of investing... but not sure yet.
They have 2 fundamental functions/services (to create value for their blockchain)
One is called 'AB Fingertips Suite'. It provides a seamless marriage of blockchain technology into the way business is done today, preparing businesses for tomorrow, and saving all types of businesses lots of time and money in the process. AB Fingertips suite is the way forward for businesses wanting to integrate into the supply chain through blockchain and to introduce the future way of doing business through crypto currencies seamlessly into their current business model and accounting practice.
The second is 'AB Taxavance'. It provides reduced dependency on tax accountants by serving as a 24/7 taxation assistant, intelligently updated with tax parameters by taxation industry leaders while being continuously updated with crypto trading data.
Their fundamental statistics are:
1 blockchain dedicated to businesses/accounting - TAB
2 initial applications utilizing AB Tokens
- 155bn estimated token usage in 2020 based on:
- 770k AB Taxavance users (4% market share)
- 780k users (less than 1% global market share)
- 6.5bn transactions on blockchain (<0.01% of global B2B transactions)
More info at their website:
https://theaccountingblockchain.io