The Smart Contract Powered
Triple-Entry Accounting System

Built on open source technologies

IPFS

The InterPlanetary File System (IPFS) is a hypermedia distribution protocol, addressed by content and identities. IPFS enables
the creation of completely distributed applications. By integrating decentralized storage solutions like IPFS, platforms such as Playbet.io can offer a faster, safer, and more open experience for users.

Ethereum

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.

XBRL

XBRL (eXtensible Business Reporting Language) is a freely available and global standard for exchanging business
information. XBRL allows the expression of semantic meaning commonly required in business reporting.

Applications

Institutions

Institutions of all types are poised to take on Balanc3’s powerful accountability system in their accounting processes. The blockchain opens up possibilities for securing monetary and other transactions and is a tool for creating internal systems infrastructure. It guarantees transparency of data in your organization; reducing the need for third parties to crosscheck. Balanc3 also offers options for external client-facing transparency and/or internal transparency, such as management, inter-departmental or franchise-facing options.

Regulators

The comprehensive auditability and non-repudiability of Balanc3 is its hallmark attribute. The Ethereum blockchain ensures that once committed, accounting records are not alterable, even by the owners of the accounting system. This is good news for regulators; reducing the need for auditing resources and guaranteeing the integrity of financial records. Balanc3 can also account for taxation in real-time, soon to be offering accurate based on up-to-the minute tax rules and rulings.

Small & Large Businesses

Balanc3 is the trustless solution to invoicing, accounting, documentation, and payment processes for small and large businesses. Using ESign, IPFS (a decentralized storage platform), and the Ethereum blockchain to construct, store, manage, and digitally sign documents. Also, invoicing through smart contracts will automatically process and record payments in real time-- a dream come true for businesses of all sizes.

Team

Dr. Christian Lundkvist

Christian started his career as a mathematician doing research in Algebraic Geometry, followed by a deep dive into quantitative finance developing and implementing derivatives pricing models at Bloomberg.

After venturing down the Bitcoin rabbit hole he discovered Ethereum and ConsenSys.

Christian is now working on a diverse set of projects including accounting systems, document signing, wallets, and various financial applications.

Jeff Scott Ward

Jeff Scott Ward has been a long time Bitcoin and Crypto-Currency supporter.

He first became involved in the industry with Bitcoin mining in 2011, and now is an advocate for the potential of distributed systems and smart contracts.

He now also advocates for the JavaScript/Front-end community, relative to building decentralized applications, and the tools necessary to be productive in building the Web 3.0 internet economy.

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