Balanc3

Basics

A smart contract powered Triple-Entry Accounting system.
On ethereum, a venture/”spokes” by ConsenSys
“Balanc3 is a smart contract powered Triple-Entry Accounting system. Balanc3 uses the non-repudiability and comprehensive audibility of the blockchain to guarantee the integrity of accounting records. Balanc3 uses EtherSign and IPFS – a decentralized data storage platform – and the Ethereum blockchain to construct, store, manage, and digitally sign documents. Documents may be in the form of self-enforcing smart contracts like employment contracts or invoices, or traditional text agreements. Invoicing through smart contracts automatically processes and records payments. The blockchain ensures that past accounting records have not been altered and are not alterable, once committed, even by the owners of the accounting system.”
The Accounting Blockchain Coalition is an initiative started by ConsenSys’ Balanc3 team that includes accounting associations, standards-setting bodies, regulators, law firms, investors, and blockchain innovators. The Coalition is driving innovation in the accounting industry and also educating businesses and organizations on accounting for blockchain-based digital assets.
Accounting software project, says it has more than 25 business customers (though it won’t specify any), each paying at least $25,000 a year.