Companies using blockchain triple-entry bookkeeping acquire major benefits from adoption. First, it helps auditors quickly and easily access and verify financial data, thus reducing considerably the cost and time necessary to conduct an audit. Second, it helps preserve the integrity of a company’s financial statements, thus drastically reducing the risk of counterfeits. Invoices, financial statements and payslips may be issued within a self-contained and self-verifiable digital document, proving their authenticity without intermediaries, anywhere with an internet connection. With the unique link and/or QR code accompanying the documents, one can instantly verify the authenticity of the certificates in a most cost-effective way.
- Financial Statements
- Emolument Certificates