Accounting Blockchain - Empowering businesses and individuals with blockchain technology to address a multi-billion dollar yearly problem
"Blockchain technology is the ultimate solution to handle the inefficiencies
in the accounting processes faced by businesses globally on a daily basis"
– Nathaniel Borg (CEO)
PUBLIC TOKEN SALE official opening date 15 July 2018 10:00 UCT
⭐️ TOP-RATED ICO: ICObench 4.5/5 | ICOmarks 9.3/10 | ICO Track 4.6/5 | FoundICO 8.2/10 | ICO Holder 4.22/5⭐️
⭐️ 1st ESTS Initiative Competition Winners by public jury ⭐️
Accounting Inefficiencies and ProblemDigitalisation of the accounting system is still in its infancy compared to other industries, some of which have been massively disrupted by the advances of technology. Some of the reasons may be found in the exceptionally high regulatory requirements in respect to validity and integrity. The entire accounting system is built, such that forgery is impossible or at least very costly. To achieve this it relies on mutual control mechanisms, checks and balances. This inevitably affects every day’s operations. Among other things there are systematic duplication of efforts, extensive documentations and periodical controls. Most of them are manual, labour intensive tasks and far from being automated. To date, that seemed to be the sacrifice of revealing the truth.
The recently emerged Blockchain is a trustless, distributed ledger that is openly available and has negligible costs of use. The use of the Blockchain for accounting use-cases is hugely promising. From simplifying the compliance with regulatory requirements to enhancing the prevalent double entry bookkeeping, anything is imaginable. - Deloitte
At the start of a new month, accountants around the world close the books on the prior month. At large companies, this process takes anywhere from a couple of business days to a week or longer. - Eric Rosenberg
The Solution and what 3rd parties have to say to accounting records kept on blockchain technologyThe blockchain technology has the potential to shapeshift the nature of today's accounting. It may constitute a way to vastly automate accounting processes in compliance with the regulatory requirements.- Deloitte
Direct Link to Deloitte ArticleBlockchain has the potential to enhance the accounting profession by reducing the costs of maintaining and reconciling ledgers, and providing absolute certainty over the ownership and history of assets. Blockchain could help accountants gain clarity over the available resources and obligations of their organisations, and also free up resources to concentrate on planning and valuation, rather than recordkeeping.
Blockchain is a replacement for bookkeeping and reconciliation work. This could threaten the work of accountants in those areas, while adding strength to those focused on providing value elsewhere.- ICAEW
Direct link to ICAEWWith the distributed Blockchain ledger, there is no need for transactions to sit in limbo. There is no need for a delay in processing while systems catch up and run overnight processes. In a world of instant transactions, many month end close processes will be cut down or eliminated completely. Thanks to to speed transactions will be completed, accountants will spend a lot less time worrying about ensuing transactions are reported in the correct month, as they will already be reported when the month closes. And, once transactions are completed, they are locked in and recorded forever. There is no going back to tinker or adjust past transactions in a blockchain - Eric Rosenberg.
Eric RosenbergOf all recent innovations that have or will profoundly change the world as we know it, one will be more disruptive than all others: the Blockchain. With the potential to redefine the economic fabric of contemporary society, the Blockchain is an innovation that no business executive can afford to ignore. - Steve Tendon
Steve TendonAnd everyone will be wondering, why didn’t I see that coming? I wish I got in back then when everyone was missing the forest for the trees.
Imagine buying shares in the United States when the first settlers got here and swindled the Native Americans out of Manhattan.
What would those shares be worth today?
Why Everyone Missed the Most Important Invention in the Last 500 Years3 Products requiring AB Tokens = 3 times the demand for AB Tokens1. The Accounting Blockchain (TAB)
2. AB Fingertips Suite
3. AB Taxavance1. The Accounting Blockchain (TAB)Market Size:- Trillions of B2B and B2C of global transactions yearly. Multiplied by 2, as most of these are currently duplicated due to isolated accounting systems — TAB is about to solve this.
Market Penetration:- Gradual at first due to cultural shift in the way things are done. Exponential increase as more people connect as the solution provides savings for all parties involved.
- Widespread token offering is part of the strategy to catalyze and incentivize the use of the blockchain due to significantly reduced price of tokens.
- The widespread adoption of TAB is aided by first mover advantage as it is essentially the first to provide a trusted common ground whereby all parties are saving money by using it.
- APIs aided by artificial intelligence that connect the different existing accounting packages seamlessly to TAB making life easy for both the existing accounting software firms and businesses, thus making TAB the place to go to connect to the future rather than to remain in isolation.
Strengths and Weaknesses, Opportunities and Threats:- A one-time opportunity provided by a widespread token offering which will propel the adoption and use of TAB. The dire need for real world blockchain accounting connection and the absence of a trusted common ground between accounting software platforms is a gap in the market that TAB fills in perfectly.
- TAB is not competing with competitors but rather connecting them and saving them money, providing a fast and easy way into blockchain adoption.
- Threats include the transitory period whereby businesses need to learn about the advantages that blockchain accounting offers, advocating the need for a global educational campaign. AB has a clear business plan that makes this period as short as possible and includes the widespread discounted token offering as part of this strategy and the introduction of two other platforms that boost the adoption and demand for the AB token during this period.
- Once TAB goes through the early adoption phase and into the following stages of general adoption by medium sized businesses and large corporations, the demand and load on TAB is expected to increase exponentially in the same pattern of adoption of social media due to intrinsic nature of connecting businesses.
- How will TAB be able to handle such growth? How scalable is it? And the answer to this intrinsic in the very way TAB is designed with a ground-breaking Hyperledger fabric solution that enables TAB to scale up unlimitedly and handle the growth needed for the trillions of transactions that link the global supply chain.
Unique Proposition at the right timing, and barriers to entry- The blockchain being developed by Accounting Blockchain will be the first ever blockchain dedicated for triple entry accounting and to solve this multibillion-dollar problem.
- Being the early introducers in this class is a unique advantage. Why? Businesses would only join a blockchain if they will be able to be connected with their customers and suppliers. Any other blockchain which will come after Accounting Blockchain will need to convince businesses to get disconnected from a global network and join a network with limited connections. Which business would decide to join a different blockchain only to be disconnected and lose all the benefits of being connected in The Accounting Blockchain?
Studies show that adoption of such a game changing technology follows an exponential pattern. This means that the use and demand of TAB may be, perhaps in an over simplistic manner, be classified into three stages:
1. Early adoption
2. Market penetration
3. Widespread adoption
AB have decided to base projections on conservative values based on small fractions of the market size of global B2B and B2C transactions (less than 1%), especially for the first few years, as an educational global marketing campaign will kick in to show traditional and ongoing businesses the advantages TAB will provide when it is integrated into their accounting systems. Having said this, once the benefits are known to a user and starts saving his and his supplier’s money, the growth of the use of TAB would take an exponential form.
2. AB Fingertips SuiteMarket Size:- Millions of businesses globally are looking or will be looking for a solution to integrate their current business operations to blockchain and be able to integrate cryptocurrency in their day to day operations, benefit from the use of blockchain smart contracts, and be able to record their sensitive data into the security and immutability of blockchain. Businesses are starting and will increasingly look to turn their accounting system from an isolated record keeping software to a platform that handles their smart contracts, invoices, triple entry accounting, and payments in real time. This is the future of accounting and AB Fingertips Suite is ushering in just that.
Market Penetration:- The gap in the market for a platform that integrates blockchain advantages into day to day running of business provides AB Fingertips Suite a unique opportunity.
- AB Fingertips Suite has the major advantage of having its architecture built with blockchain accounting in mind and is not like any other existing accounting software that has to adapt to blockchain through changes in the software but will never be intrinsically a blockchain focused software.
Strengths and Weaknesses, Opportunities and Threats:- AB Fingertips Suite is uniquely positioned to provide a simple and easy access to the much needed blockchain advantages to everyday businesses. It is being built around blockchain and triple entry accounting, not adapting to it.
- The adoption of blockchain accounting into everyday business is still in its early stages. Some have argued in AB focus groups that introduction of such a software is a bit to early. However, AB believes that being at a very early stage in the market gives AB Fingertips Suite the opportunity to grow with the market and be right there when wide spread adoption of blockchain in accounting takes place.
Token Demand:- Considering we are still in the early adoption phase of blockchain into traditional businesses, AB has forecast a conservative but steady growth for 2019–2021 and a faster market penetration for the years after, which is forecasted to see a widespread adoption of blockchain accounting.
3. AB TaxavanceMarket Size:- Number of crypto traders who have active wallets are growing exponentially. From 2013 to 2017 the number of active wallets has grown from 1.6m to 8.7m users!*. The rate of growth of the market is bigger every year. At the same time, regulations and enforcement on the taxation implications of using cryptocurrency pose a major headache to the cryptocurrency wallet users and traders. The large number of trades and exchanges involved makes the task of giving an accountant the job of filing taxes on crypto tedious and thus very expensive.
*Market data from: Hileman, G. and Rauchs, M. (2017). University of Cambridge. 2017 Global Cryptocurrency Benchmarking Study. SSRN Electronic Journal.Market Penetration:- A 1% market penetration is already 87,000 customers (2017 data) and AB envisages conservatively a growth of market share from 0.5% to 6% from late 2018 to 2022. Active wallets are mostly in North America and Europe, with a 30% and 31% share of the total market respectively, with Asia-Pacific trailing at 3rd place with a 20% market share. Latin America and Africa — Middle East have 13% and 6% market share respectively.
- Accounting Blockchain's strategy will be to start from Europe and expand to the rest of the world in stages. Tax accountants to do the job of compiling such transactions can prove to be super expensive, and online platforms charge from 49 USD to over 1,000 USD yearly depending on number of transactions. AB token holders will gain a well-discounted access to such service which will be possible for AB to deliver due to the large community of users gained by the initial token offering process.
Strengths and Weaknesses, Opportunities and Threats:- Global system, through a growing network. This is necessary due to the fast-changing regulations globally in the sector which is a major challenge for crypto traders worldwide.
- Again, some might argue introduction of this service might be too early, but feedback from the community shows that such a service is needed now more than ever, and in the mid to long term future the use of AB Taxavance will be a life saver and a way out from the super expensive accountant and tax advisor bills.
Token Demand- AB Taxavance has the advantage of being one of the first introducers of such a complete global crypto taxation service, and the timing of its introduction is spot on due to increasing regulation in the cryptocurrency world. Basically, any serious user of crypto currency needs such a service which means that the demand grows as the widespread adoption of crypto assets grows. AB is being conservative in forecasting market share in this sector, even though these forecasts verge on being too conservative, this still generates a great demand for AB Token.
Total Token Demand and Supply for AB TokensDue to the limited supply of AB Tokens, the value of AB Tokens will be determined by supply and demand forces.
AB Tokenomics have been designed in collaboration with E&S, a renowned accounting firm specialising in ICOs and tokenomics with the aim of creating a self sustainable efficient token ecosystem that gives the best value to the initial token offering contributors. This goes in line with our policy of having the AB Token spread as much as possible in the initial token offering in order to kick-start the platforms and place AB as a leader within this sector.
Securing AB Tokens during ICO stage puts the token holder in a unique position to be the first to hold tokens in the future of Accounting and to benefit from the potential that AB Tokens provides.
The tokenomics in place mean that when the demand for AB Tokens is bigger than the supply, the value increases. The bigger the distance between the demand and the supply, the bigger the movement in the value of AB Tokens.
With 3 separate demands for AB Token from different types of users rather than relying on the success of just one product, the value of AB Token can move at a faster rate.TokenEco System FlowDecentralised blockchain capable of securely and privately storing accounting transactions applicable to all businesses, irrespective of their size or location and linking business accounting in
one common trusted blockchain.
Token Sale - Emissions and DistributionsToken Name: AB Token
Token Ticker: TAB Token
Token Standard: ERC20
Exchange Rate: 1 AB Token = $0.01 at the end of the ICO
Total number of Tokens: 22bn
Soft Cap: $4m
Hard Cap: $64.4m
Founder Vesting: Vesting ensures a long-term commitment from the founders towards the success of the project. Founders have a 3-year vesting schedule with a 6-month cliff. This means one sixth of the tokens will be matured every six months.
Vesting ensures a long-term commitment from the founders towards the success of the project. Founders have a 3-year vesting schedule with a 6-month cliff. This means one sixth of the tokens will be matured every six months.
Unsold ICO AB Tokens: Unallocated tokens that were available for sale in the ICO will be burnt.
The Accounting Blockchain TeamPUBLIC TOKEN SALE official opening date 15 July 2018 10:00 UCT
⭐️ TOP-RATED ICO: ICObench 4.5/5 | ICOmarks 9.3/10 | ICO Track 4.6/5 | FoundICO 8.2/10 | ICO Holder 4.22/5⭐️
⭐️ 1st ESTS Initiative Competition Winners by public jury ⭐️
Bitcoin Talk & ANNReward: 100 to 1000 AB Tokens. ($1.00 to $10.00)
Allocated: 50,000,000 AB Tokens
Weekly AB Tokens – available at the start of the ICO.
• Junior Members : 100 AB Tokens per week
• Members : 200 AB Tokens per week
• Full members : 400 AB Tokens per week
• Senior members : 500 AB Tokens per week
• Hero/Legendary members : 600 AB Tokens per week
Rules• SEND AN EMAIL ON
BOUNTY@THEACCOUNTINGBLOCKCHAIN.IO WITH YOUR BITCOINTALK NAME TO INFORM US THAT YOU JOINED THE SIGNATURE BOUNTY
• Participants in this campaign have to be at least a Member rank to wear our signature.
• All participants will subject to post quality review before they are accepted into this campaign
• Minimum 15 positive and constructive posts per week
• If you remove the signature or else leave the campaign while it is still running, you will be automatically disqualified and removed from our bounty list
• Low quality post/Burst posting (Posting 10+ post above in single day without having any sense or in the form of spam) will not receive AB Tokens.
• Using multi-accounts, cheating and spamming are not allowed. It will results getting all of your accounts permanently banned from all of our campaigns.
• Posting above 10 posts on your local thread will not receive any AB Tokens
Jr. member:
[center] Accounting Blockchain - The future of Accounting at your fingertips - ICO is now LIVE[/center]
Accounting Blockchain - The future of Accounting at your fingertips - ICO is now LIVE
Member
[center]ⓄⓄ [url=https://www.theaccountingblockchain.io/] Accounting Blockchain - The future of Accounting at your fingertips [/url] ⓄⓄ
ⓄⓄⓄⓄ [url=https://bitcointalk.org/index.php?topic=4430029]Join BitcoinTalk[/url] | [url=https://bitcointalk.org/index.php?topic=3965435]ICO is now LIVE [/url] ⓄⓄⓄⓄ
Follow Accounting Blockchain | [b][url=https://www.facebook.com/accountingblockchain]Facebook[/url][/b] | [b][url=https://twitter.com/ABblockchain]Twitter[/url][/b]| [b][url=https://t.me/accountingblockchain]Telegram[/url][/b]| [b][url=https://www.youtube.com/channel/UCgwCK_Uhocv62g9bEqs2uFw]Youtube[/url][/b]| [b][url=https://bitcointalk.org/index.php?topic=4430029]Ann Thread[/url][/b][/center]
FULL MEMBER
[center][url=https://www.theaccountingblockchain.io/][font=Ubuntu][b][color=#302e2e]Ⓞ [color=#F75F0C]Ⓞ[/color] Ⓞ [color=#F75F0C]Ⓞ[/color] Ⓞ [color=#F75F0C]Ⓞ[/color] Ⓞ color=#000]Accounting Blockchain[/color] Ⓞ [color=#F75F0C]Ⓞ[/color] Ⓞ [color=#F75F0C]Ⓞ[/color] Ⓞ [color=#F75F0C]Ⓞ[/color] Ⓞ[/color]
[color=#ea6116]T[/color][color=#e86219]h[/color][color=#e6631c]e[/color] [color=#e26622]f[/color][color=#e06724]u[/color][color=#de6827]t[/color][color=#dc692a]u[/color][color=#da6a2d]r[/color][color=#d86c30]e[/color] [color=#d46e36]o[/color][color=#d26f39]f[/color] [color=#ce713e]A[/color][color=#cc7341]c[/color][color=#ca7444]c[/color][color=#c87547]o[/color][color=#c6764a]u[/color][color=#c4774d]n[/color][color=#c27850]t[/color][color=#c07a52]i[/color][color=#be7b55]n[/color][color=#bc7c58]g[/color] [color=#b87e5e]a[/color][color=#b67f61]t[/color] [color=#b28267]y[/color][color=#b0836a]o[/color][color=#ae846c]u[/color][color=#ac856f]r[/color] [color=#a88875]f[/color][color=#a68978]i[/color][color=#a48a7b]n[/color][color=#a28b7e]g[/color][color=#a08c81]e[/color][color=#9e8d83]r[/color][color=#9c8f86]t[/color][color=#9a9089]i[/color][color=#98918c]p[/color][color=#96928f]s[/color] - ICO is now LIVE
[/url][size=9pt][b][url=https://www.theaccountingblockchain.io/][color=#302e2e]Website[/color][/url] [size=7pt]●[/size] [size=9pt][url=https://bitcointalk.org/index.php?topic=3965435][color=#302e2e]Ann Thread[/color][/url] [size=7pt]●[/size] [size=9pt][url=https://theaccountingblockchain.io/pdfs/whitepaper.pdf][color=#302e2e]Whitepaper[/color][/url] [size=7pt]●[/size] [url=https://twitter.com/ABblockchain][color=#302e2e]Twitter[/color][/url] [size=7pt]●[/size] [url=https://www.facebook.com/accountingblockchain][color=#302e2e]Facebook[/color][/url] [size=7pt]●[/size] [url=https://t.me/accountingblockchain][color=#302e2e]Telegram[/color][/url][size=7pt]●[/size] [url=https://www.youtube.com/channel/UCgwCK_Uhocv62g9bEqs2uFw][color=#302e2e]Youtube[/color][/url] [size=7pt]●[/size] [url=https://bitcointalk.org/index.php?topic=4430029][color=#302e2e]Ann Thread[/color][/url][/b][/size][/center]
Sr Member
[center][td][url=https://www.theaccountingblockchain.io/][tt][size=2pt][color=#000]
██████████████▀▀▀█▀▀▀██████████████
██████████▀▀ █ ▀▀██████████
████████▀ ▄▄██ █ ██▄▄ ▀████████
██████▀ ▄█████ █ █████▄ ▀██████
█████ ███████ █ ███████ █████
████ █ ████████ ████
███▌ █████████ █ █████████ ▐███
███▌ █████████ █ ▐███
████ ████████ █ ████████ ████
█████ ███████ █ ███████ █████
██████▄ ▀█████ █ █████▀ ▄██████
████████▄ ▀▀██ █ ██▀▀ ▄████████
██████████▄▄ █ ▄▄██████████
██████████████▄▄▄█▄▄▄██████████████
███████████████████████████████████
[/td][td][url=https://www.theaccountingblockchain.io/][font=Book Antiqua][size=16px][size=16px][color=#000]ACCOUNTING
BLOCKCHAIN [/td][td][font=Franklin Gothic Medium][size=19px][size=19px][url=https://www.theaccountingblockchain.io/][color=#ea7a02] THE FUTURE OF ACCOUNTING IS [color=#ed1c24]NOW[/color][/url] [size=13px][color=#000]● [url=https://www.theaccountingblockchain.io/][color=#be5003]WEBSITE[/color][/url] ● [url=https://bitcointalk.org/index.php?topic=4430029][color=#000]ANN THREAD[/color][/url] ● [url=https://twitter.com/ABblockchain][color=#55acee]TWITTER[/color][/url] ● [url=https://www.facebook.com/accountingblockchain][color=#3b5998]FACEBOOK[/color][/url] ● [url=https://t.me/accountingblockchain][color=#279fd3]TELEGRAM[/color][/url] [/size]
[size=13px] [url=https://www.theaccountingblockchain.io/][color=#ed1c24]STRONG TEAM, GREAT COMMUNITY, SOLVING A MULTI-BILLION DOLLAR PROBLEM[/color] [color=#ea7a02]ICO is now LIVE [/td]
Hero Member | Legendary
[center][td][url=https://www.theaccountingblockchain.io/][tt][size=2pt][color=#000]██████████████▀▀▀█▀▀▀██████████████
██████████▀▀ █ ▀▀██████████
████████▀ ▄▄██ █ ██▄▄ ▀████████
██████▀ ▄█████ █ █████▄ ▀██████
█████ ███████ █ ███████ █████
████ █ ████████ ████
███▌ █████████ █ █████████ ▐███
███▌ █████████ █ ▐███
████ ████████ █ ████████ ████
█████ ███████ █ ███████ █████
██████▄ ▀█████ █ █████▀ ▄██████
████████▄ ▀▀██ █ ██▀▀ ▄████████
██████████▄▄ █ ▄▄██████████
██████████████▄▄▄█▄▄▄██████████████
███████████████████████████████████[/td][td][url=https://www.theaccountingblockchain.io/][font=Book Antiqua][size=16px][glow=#000,2][size=16px][color=#fff]ACCOUNTING
BLOCKCHAIN [/td][td][font=Franklin Gothic Medium][size=19px][glow=#000,2][size=19px][url=https://www.theaccountingblockchain.io/][color=#ea7a02] THE FUTURE OF ACCOUNTING IS [color=#ed1c24]NOW[/color][/url] [size=13px][color=#fff]│ [url=https://www.theaccountingblockchain.io/][color=#be5003]WEBSITE[/color][/url] │ [url=https://bitcointalk.org/index.php?topic=4430029][color=#fff]ANN THREAD[/color][/url] │ [url=https://twitter.com/ABblockchain][color=#55acee]TWITTER[/color][/url] │ [url=][color=#3b5998]FACEBOOK[/color][/url] │ [url=https://t.me/accountingblockchain][color=#279fd3]TELEGRAM[/color][/url] [/size]
[size=13px] [url=https://www.theaccountingblockchain.io/][color=#ed1c24]STRONG TEAM, GREAT COMMUNITY, SOLVING A MULTI-BILLION DOLLAR PROBLEM[/color] [color=#ffff00]ICO is now LIVE [/td]
