The future of Accounting

at your fingertips

67,882 registered users & counting

ESTS Competition Winners

As Listed On

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EMBRACING DISRUPTION & VALUE CREATION

Businesses around the globe record their transactions separately from one another, creating duplication of work all along the supply chain, incurring great reconciliation costs, and are subject to fraud and error in each link of the chain. Accounting Blockchain will enable accounting software used by businesses to become integrated, hence removing this isolated accounting effect that is estimated to cost the global industry billions of dollars a year and impedes accountants from dedicating their full potential in value creation work.

AB Fingertips Suite 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.

AB Taxavance 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.

Fundamental Statistics

  • 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)

The Accounting Blockchain

The Product

The Accounting Blockchain

The Problem

Accounting data is very sensitive and needs to be stored in a secure, trustworthy place. More so when this data involves multiple parties as the data needs to be stored in a secure place that is trusted by all parties. Mutability, malicious attacks, transactions costs, scams, lack of assurance of authenticity have all been barriers in providing a trusted common ground to store B2B entries that can be trusted by all parties. Thus the status quo prevails, and companies remain operating in relative isolation accounting-wise spending billions in reconciliation costs.

The Solution

A trusted, secure common ground where to store triple entry information is the key to connecting businesses though triple entries. The Accounting Blockchain - a tailor made blockchain infrastructure built specifically for accounting and for triple entries. A platform available for everyone to be able to use without having to pay hefty subscription fees to any particular software company. A distributed, trustworthy, fast, secure common ground where businesses feel confident to connect with. This is only possible with the advancements in Blockchain technology.

AB Fingertips Suite

The Product

AB Fingertips B2B Triple Entry

The Problem

Reconciliation of transactions between companies is a multibillion dollar problem. A small to medium sized company has hundreds/thousands of transactions between its suppliers and its customers, let alone large corporations. Each company must reconcile each and every transaction and the balances due have to be agreed upon. For a small company it’s a nuisance and a waste of valuable time, for a medium sized enterprise its about employing a few accountants for reconciliations with costs running into hundreds of thousands, and for a large corporation it’s about having huge reconciliation departments with hundreds of employees and millions in expenses.

The Solution

Introducing a viable way to have triple entries that automatically connect businesses in their transactions. An accounting software platform built around the triple entry concept. A user friendly, really easy to use accounting platform that drastically reduces the costs of reconciliations by using the power and trustworthiness of blockchain to store triple entries. A catalyst in connecting businesses together and in incorporating the much needed blockchain technology into the accounting world.

AB Taxavance

The Product

AB Taxavance

The Problem

Being proactive in tax decisions when making crypto investments is of the utmost importance to any sensible investor. Regulation and enforcement in this sector is gathering pace. Investments and trades are global and subject to a myriad of tax frameworks globally. The tricky part in this is finding all the information needed in one place to make wise decisions fast. Regulations are changing quickly, and it is imperative to have the correct knowledge while and after doing trades. Preparing tax reports and gathering all the information from exchanges is time consuming and very expensive when done manually by a tax accountant.

The Solution

A really easy to use platform that keeps track of your trades and their tax implications. A platform with tax parameters fed by a global network of tax experts that is able to work out in real time the tax exposure of your crypto trades and investments. A global network of tax experts and collaborators at your fingertips. Pre-trading information including trade simulations to make proactive decisions. Keeping record of your trades and their current tax exposure should you buy more, hold, or sell. Issuing end-term tax reports of your trades and investments. AI assisted report input that may read reports from exchanges and setting up a common protocol to interface with exchanges. A true global 247 tax assistant.

Token Emissions & Distribution

Token Name AB Token
Ticker TAB
Token Standard ERC20
Exchange Rate 1 AB Token = $0.01 in the Initial Token Offer
Total Number of Tokens 22,000,000,000
Soft Cap $4,000,000
Hard Cap $64,000,000
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.
Unsold AB Tokens Unallocated tokens that were available for sale in the ICO will be burnt.
Pre-registration & KYC Preregistration for Phase I of the public token offer will begin in 2018. Preregistration and KYC procedures will be mandatory for all participants.

Use of ICO Funds

Accounting Blockchain engaged professionals to guide us on the best way to utilise the funds received from the crowdfunding. The fund utilisation has been designed in the best way possible to ensure that the project will be self sustainable and to achieve maximum growth potential.

The Accounting Blockchain Roadmap

Token Ecosystem

The Accounting Blockchain Roadmap

How The AB Tokens Work

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.

Subscribing to the platforms offered by Accounting Blockchain

You can subscribe to all of the platforms offered by Accounting Blockchain. As per our roadmap, the first two available platforms will be:

  • AB Taxavance
  • AB Fingertips Suite

Whoever would like to subscribe to the above platforms, can make monthly payments to Accounting Blockchain by using AB Tokens.

Recording Triple Entries

Businesses can opt to record their B2B entries, irrelevant if they use Sage, Quickbooks or any other accounting software. Trillions of trillions of transactions can be recorded on blockchain technology. The more businesses record their transactions on The Accounting Blockchain, the bigger their savings in the form of professional fees such as accountancy and auditing.

Settle Amount Due

When transactions are recorded on The Accounting Blockchain, businesses can use AB Tokens to settle the amounts due to each other, which payments would be instantaneously and immediately recorded in the books of the parties sending and receiving the payment.

AB Token Demand

Click here to view the underlying calculation details, assumptions and disclosures.

Roadmap

The Accounting Blockchain Roadmap

Mission Statement, Vision & Commitment

Our mission is to empower the global accounting community with the numerous advantages and great trustworthiness of blockchain technology through products that fully integrate advancements in the blockchain field in the most efficient and practical way.

The vision is to introduce trustworthy platforms where all parties being big or small can embrace the advantages of blockchain technology without entry barriers and without discrimination, be it size, complexity or geographical location.

Our Commitment:

AB has gone through great lengths to explore the complexities of the challenges encountered by businesses and investors today and providing innovative and game-changing solutions with the sole purpose of creating a better accounting infrastructure to service the global economy. AB is committed towards creating a business environment without borders, connecting the accounting world through trustworthy blockchain based solutions.

Born Global

The Accounting Blockchain disrupts the very core of how business transactions are done along the global supply chain. The shift in practice from isolated accounting and duplicated business transaction recording to connecting through blockchain is a shift that has no geographic boundaries and thus global in nature. The market for Accounting Blockchain is intrinsically all the supply chain and this makes the issue of tokens available on a large scale internationally in a wide scale token offer the ideal means to kick start the use of the platforms across the globe.

Launched From Malta

Considerable talent
of blockchain expertise

Crypto friendly
jurisdiction

English is one of Malta's official languages

Maltese Flag

Government proactivness towards the crypto market

Malta is becoming a blockchain hub with so many crypto firms such as Binance, OKEX and others moving over here.

After exploring numerous jurisdictions, Accounting Blockchain opted to launch its ICO from Malta, the Blockchain island having its offices located in Malta's capital city of Valletta.

Country Specs:

  • Population: circa 500,000
  • Languages: Maltese & English
  • Location: Off the south coast of Italy
  • Part of the European Union

The Team

Nathaniel Borg

Nathaniel Borg

Founder & CEO

LinkedIn Email

Nathaniel is the founder and CEO of Accounting Blockchain, a certified and qualified accountant, registered auditor, and entrepreneur, holding the ACCA qualification as well as other qualifications from the University of Malta. Nathaniel owns a boutique accounting and auditing firm, specialising in the provision of accounting, taxation and auditing services. Prior to that, Nathaniel worked for a number of years as a business development manager with one of Malta’s largest automotive firms before moving on to work as an auditor with Deloitte. Read more...

Daniel Cutajar

Daniel Cutajar

Founder & COO

LinkedIn Email

Daniel is a graduate from the University of Malta as a Bachelor of Commerce, Honours in management. Daniel’s interest in the sector of how technology can change the way we do business was born from his work on his dissertation on online purchasing habits way back in 2003. One of Daniel’s main interests is economics and the evolution of accounting practice as affected by technology. Daniel has grown his own business which has built after graduating from University and has gained experience in all sectors of business being marketing, consumer behaviour, and has hands on experience on all aspects of running and growing a group of companies. Read more...

Christian Deguara

Christian Deguara

CTO

LinkedIn Email

Christian is a University of London Graduate in Computer Science who has been working in the software engineering field for over 10 years. He has worked in a diversity of fields, such as telematics, finance and disaster recovery and does various research on artificial intelligence, digital signal processing, computer graphics and on blockchain technology. Lately however, Christian’s greatest passion lies in the latter due to the way it is reshaping technology, especially when it comes to solving problems which have troubled the Accounting industry for a long time. Read more...

Steve Tendon

Steve Tendon

Blockchain Strategy Advisor

LinkedIn

Steve Tendon is a senior executive management consultant, adviser, speaker and author. Steve's research and consulting work focuses on the use of emerging technologies, in particular Blockchain technologies, to improve business performance. Read more...

Karl Schranz

Karl Schranz

Tokenomics Leader

LinkedIn

Karl Schranz co-founded E&S Group in 2010, offer a wide range of financial and legal consultancy services particularly to ICOs. He has over 10 years of experience in the financial and audit sector and holds a Masters degree in Quantitative Finance and Risk Management from Università Commerciale 'Luigi Bocconi'. Read more...

Christian Ellul

Christian Ellul

Legal Consultant

LinkedIn

Dr. Christian Ellul is a Maltese lawyer with 13 years of experience and now focused primarily on crypto and blockchain advisory especially in relation to ICOs and tokenomics. As one of the directors and founders of E&S Group he has been involved in structuring, advising and assisting more than 40+ ICOs projects to date. Read more...

Franco Falzon

Franco Falzon

Tax & AML

LinkedIn

Franco Falzon graduated as an accountant in 2004 from the University of Malta and obtained his Masters Degree in International Tax Law from the Vienna of University of Economics and Business Administration in 2006. He has been advising clients on the setting up and structuring of entities and has been actively involved in corporate services since 2006. Read more...

Peter Borg

Peter Borg

Accounting Compliance Specialist

LinkedIn

Peter joined Franco Falzon & Associates in October 2015 as a partner, responsible for the accounting and compliance section of the firm. He carries more than 17 years of professional experience in the accounting and finance industry. Peter has worked with a number of firms established in the same industry and before joining the firm he was the compliance manager with a medium sized corporate firm for over four years.Read more...

David Seisun

David Seisun

Team Blockchain Leader

LinkedIn

David enrolled in a Bachelors Degree in Computing and Information Systems and graduated from Goldsmith University of London. Following his graduation, David joined an upcoming Vehicle Tracking and Telematics company and was appointed Chief Commercial Officer of the company. During his tenure, David was a key contributor to the success of the company and also was involved in a number of innovative products like Motormax (Malta’s first Telematics Based Insurance System) and others. Read more...

Matthew Croker

Matthew Croker

Scrum Master

LinkedIn

Matthew holds a Bsc ICT (hons) degree in Computer Science and Artificial Intelligence from the University of Malta. With over 5 years of experience in the technological industry, Matthew is an important addition to the Accounting Blockchain team as he brings along a mixture of unique expertise ranging from JS technologies, Java, SQL and noSQL languages. Matthew is also an experienced team leader, developer and problem solver. Read more...

Kris Cardona

Kris Cardona

Blockchain Strategic Expert

LinkedIn

Kris is a consultant for The Accounting Blockchain, a certified and qualified blockchain expert, cyber security and network engineer by profession. Holding various industry leading qualification such as Cisco, Microsoft & Linux as well as other qualifications from the Ashworth College & Maryland University in USA. Kris has designed multiple Network Operation Centers and is now in the progress of building one of the first ever Blockchain monitoring systems. Read more...

Dr. David Wain

Dr. David Wain

Legal Consultant

LinkedIn

Dr. David Wain is a Maltese lawyer who has been in practice for the past fifteen years, with particular interest in business development and the provision of strategic and operational legal advice to commercial entities. Throughout his career thus far, Dr. Wain has been involved as an adviser on varied commercial initiatives, from IPOs and bond issues to international acquisitions. Read more...

Christopher Zerafa

Christopher Zerafa

Blockchain Researcher

LinkedIn

Christopher is a physicist by education, graduating summa cum laude from the University of Leeds. He has worked in the oil industry for a couple of years using advanced mathematics to identify oil from data signals and is also involved in the University of Malta as a visiting assistant lecturer. Christopher is now keen on getting involved in DLT, and to the wealth of possibilities this will provide. Read more...

Keith Seisun

Keith Seisun

Senior Business Systems Analyst

LinkedIn

Keith graduated from Goldsmith University of London in Computing and Information Systems. After graduating in 2016, Keith started working as a Business Systems Analyst with RS2 Software plc, a leading company in the payment solutions industry which handles 62 million transactions per hour through a Global Payments Software. Furthermore, Keith supported various well-known banks both in Malta and also travelled on site in the UK such as Barclays. Read more...

Keith Hili

Keith Hili

Business Development Manager

LinkedIn

Keith Hili is the Operations Manager of the Supplier Relations department within FTIAS Ltd (one of the leading local organisations specialising in back office and accounting services), part of the FTI GmbH worldwide group. Read more...

Philipp Sauerborn

Philipp Sauerborn

Financial Advisor

LinkedIn

After successfully completing his training in office administration, Philipp Sauerborn absolved the private program in Internet Marketing and Management at the Academy of the Young Swiss Chamber of Commerce in Bern, Switzerland. Read more...