Today, there are lots of businesses all over the world, some of which are a joint venture, with others standing alone. As we know, accounting is a key part of any business, as it is a key way to measure business growth and, where there isn’t proper accounting, the financial success of a business can hardly be determined. However, there are lots of irregularities in the way business transactions are recorded today, especially transactions between two parties, and have led to humongous yearly losses. These irregularities include:
• Gross inefficiencies in account recording
• Errors in accounting processes which calls for expensive auditing
Where these issues exist in a company, it leads to disparities among business partners and a possible fraud claim. Also, the fact that most companies keep their accounting records secret via the use of incompetent or unrelated accounting software’s births irregularities in their accounting. Moreover, most companies still issue invoices/credit notes and payments for their transactions, which can be very expensive considering the size of the company. The difficulties associated with accounting and the huge losses recorded form accounting inefficiencies could be handled and averted by creating a technological platform that connects business accounting together. This connection should be done via triple entry which will evolve accounting, generally. To this end, I introduce the Accounting Blockchain (AB). Accounting Blockchain is a global platform that provides a robust solution to the accounting problems suffered by businesses today through its affordable, user-friendly and current solution that helps maximize accounting efficiency. It is a distributed common ground for its launched platforms as well as those launched by other Accounting Software platforms. The Accounting Blockchain platform is based on blockchain technology and has the following products in its solution:
• The Accounting Blockchain (TAB)
• AB Fingertips Suite (for triple accounting entries, averting fraud and reducing audit time)
• AB Taxavance (for trade tracking and tax compliance)
These three products will leverage blockchain technology, and they all have their individual benefits. The idea behind the Accounting Blockchain is to provide an accounting solution which can be used by everyone, one that fosters trust both in business accounting and among business partners. As we know, blockchain technology offers trust, is fast, secure, immutable and distributed, and as such will be a no-brainer to the accounting world as it will offer a unique common ground on which business can thrive. Note that, anyone can join the Accounting Blockchain and there is no initial premium required to start using the platform. This platform will benefit all business participants including accounting software firms.
Businesses along the supply chain will be able to realize good savings, and as a result, consumers will spend less. One standout benefit for businesses using TAB is that, they will be able to cut down on the number of staff they employ as the TAB is capable of recording as much transactions, even in their trillions, due to its global presence and robustness. There is a growing use of cryptocurrencies in business transactions but, is still hampered by the drawbacks associated with cryptocurrency transactions. However, TAB will serve as a proper link up for FIAT and cryptocurrencies, with more emphasis on cryptocurrencies due to their distributed nature. With TAB, the use of cryptocurrencies in financial transactions will be significantly boosted, due to the ability of transactions to be traced to smart contract. Furthermore, the issue of financial leaks that has led to huge financial losses will be remediated with the use of TAB, as it provides cryptographic encryption and storage based upon blockchain technology which will reduce the risk of data loss, and at low cost.
A look at the Accounting Blockchain whitepaper https://theaccountingblockchain.io/pdfs/whitepaper.pdf or a view of this video 
ICO DETAILS AND BONUSES
Here are details on the AB tokens:
You can also find details on the bonuses on offer during the token sale here:
TOKEN DISTRIBUTION
37% - Initial Token Sale
10% - Marketing
2% - Strategic Members
5% - Seed Investors
5% - Platform Rollout Program
4% - Founders
5% - Team
USE OF PROCEEDS
27% - Operations
10% - Legal, General & Administration
20% - Research & Development
23% - Human Resources
2% - Marketing & Sales
18% - Others
ROADMAP
Please, look through the ensuing image for details on the Accounting Blockchain roadmap:
TEAM
Nathaniel Borg - CEO and Founder
Daniel Cutajar - COO and Founder
Christian Deguara – CTO
Karl Schranz - Tokenomics Leader
Christian Ellul - Legal Consultant
Steve Tendon - Blockchain Strategy Advisor
Philipp Sauerborn - Financial Advisor
Dr David Wain - Legal Consultant
Christopher Zerafa - Blockchain Researcher
Keith Seisun - Senior Business System Analyst
Keith Hili - Business Development Manager
Franco Falzon - Head of Taxation Division
Peter Borg - Accounting Compliance Specialist
David Seisun - Team Blockchain Leader
Matthew Croker - Scrum Master
Kris Cardona - Blockchain Strategist Expert
Businesses can finally enjoy better accounting, ensure tax compliance and save more with the aid of the Accounting Blockchain. The Accounting Blockchain is indeed the future of accounting, and as such, I urge everyone to participate in its token sale event so as to become a part of this accounting evolution.
Should you require more information on this platform, please, feel free to view the website or read the whitepaper through the links provided below. You can also connect with other unique ICO participants or get the latest development news through any of the social media handles.
Website: https://www.theaccountingblockchain.io/
Whitepaper: https://theaccountingblockchain.io/pdfs/whitepaper.pdf
ANN thread: https://bitcointalk.org/index.php?topic=4430029
Facebook: http://www.facebook.com/accountingblockchain
Twitter: https://twitter.com/ABblockchain
Youtube: https://www.youtube.com/channel/UCgwCK_Uhocv62g9bEqs2uFw
Reddit: https://www.reddit.com/r/accountingblockchain
Medium: https://medium.com/@marketing_29338
Telegram: https://t.me/accountingblockchain
Published by: Oghenetejiri
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1344011
Ethereum wallet address: 0x69C516900e939e97C7c60Ca59bdaF15295556838