https://www.bitcoinmarketjournal.com/icos/accounting-blockchain/Market: 4.5
Users of this platform will be businesses that replace traditional bookkeeping products with the Accounting Blockchain.
10s of trillions of business to business accounting transactions must be recorded every year. Every transaction must be recorded by the sending and the receiving party independently of each other. The cost of this? Billions of dollars are spent each and every year because there is no trusted common ground to connect businesses along the supply chain.
Accounting Blockchain expects the crypto market to increase economically, leading to a situation where businesses need to interact in crypto and thus require software such as Accounting Blockchain.
Competitive Advantage: 4
A special feature of the project, AB Fingertips Suite, provides a perfect marriage of the traditional FIAT currencies, smart contracts, and crypto currencies.
The accounting blockchain will allow the integration of of triple entry and smart contracts tailor made to fit the current market of accounting software packages.
Accounting Blockchain really wants to prepare companies for the new wave of tech and the regulations that will undoubtedly follow that wave.
Team: 4
Their head blockchain strategy advisor, Steve Tendon, graduated from the Massachusetts Institute of Technology, focusing on the use of emerging technologies, in particular Blockchain technologies, to improve business performance.
It’s refreshing to see the Founder and CEO coming directly from an accounting background. Nathaniel Borg owns a boutique accounting and auditing firm, specialising in the provision of accounting, taxation and auditing services.
A group of accounting brains operating a businesses typically bodes well for investors because you know every detail on the books will be right on target.
Team Members
Nathaniel Borg (Founder & CEO) (LinkedIn)
Daniel Cutajar (Founder & COO) (LinkedIn)
Christian Deguara (CTO) (LinkedIn)
Token Mechanics: 4.5
AB Tokens can be used in 3 different ways. You can either subscribe to any one of the services offered by Accounting Blockchain, record accounting entries (triple entries) on The Accounting Blockchain and users can use AB Tokens to settle amounts due to each other.
Token Supply: Maximum of 22 billion tokens
AB has an awesome page on their website describing mark trends, AB token demand, and other factors that will lead to the success of the project.
