Accounting Tools for Tokens on Ethereum

At the moment, I’m really interested in how you can use Ethereum.

Ethereum is a “blockchain app platform” often called the “world computer” because you can build any app on it that you can think up.

So I’m looking for ways I can actually use Ethereum to do something useful.

Balanc3, for example, is creating accounting tools for tokens. It hasn’t launched yet, but I love what they’re working on.

They realized that tokens and cryptocurrency aren’t currently tied to accounting and compliance systems. So “product owners and CFOs face difficulties in accounting for internal operations and ensuring tax compliance.”

Balanc3 has spent over a year building the token data streams, accounting system, and interfaces to ground crypto in real-world accounting. You can read their announcement about this accounting service. I’ll be watching for their launch to test it out.

(Photo: source)