BX3 Capital Blockchain Consultants To Partner With Balanc3 Crypto Accounting Software
BX3 Capital Reveals They Will Be Working With Balanc3
BX3 Capital is a firm that offers consultancy services for business that need to establish themselves in the blockchain world. They recently announced that they will onboard Balanc3, which is a leader in financial management services for digital assets. BX3 Capital will use this tool for purposes of accounting. The partnership is a good example of collaboration between two leaders in the blockchain world. The result will be knowledge sharing for their clients and blockchain world in general.
Why This Is Important For BX3 Capital
According to the director of accounting and compliance at BX3, the company prides itself in being able to incorporate innovative solutions for their clients in crypto accounting. According to him, the Balanc3 tool was the best platform to help them achieve their goal. This tool will help BX3 streamline their reporting and tracking, a hallmark of the blockchain.
How The Balanc3 Platform Will Make A difference
Balanc3 maintains a ledger that records on-chain Ethereum transactions. It then logs the data to make it easy to view. Users are then able to use the organizational functionality that it offers to sort transactions into categories. This can be quite useful for the purposes of record keeping.
Balanc3 will make it possible for the budgeting team to use the ledger technology to handle various accounting issues. For instance, they can manage the receivable and payable accounts and track them in real time. Balanc3 can work with software such as Xero, Intaact, and QuickBooks, used in accounting. Besides that, the blockchain ensures that the accounts are secured by cryptography.
The Balanc3 head of business development said that BX3 was a renowned leader in the crypto and blockchain sector in the advisory role. Thus, he said that their product offers Balanc3 accounting solutions. The reasons they were suited to work with BX3 is that they were pioneers for accounting in the digital assets arena according to him.
Balanc3 is of the ConsenSys network of apps. This incubator has its headquarters in Bushwick, Brooklyn. It has over 1100 employees that work in various locations globally. ConsenSys was created in 2014 by a co-founder of the Ethereum network. The core team is working to ensure that more functionality is brought into Balanc3 such as management of digital assets with the help of Ethereum.
About BX3 Capital
This is a company comprised of professionals that have decades in experience in various sectors such as marketing, accounting, tax, finance, law, and banking. They utilize the expertise to offer the needed tools and framework that turns ideas into viable businesses. Their focus is on business in the crypto and blockchain space.
BX3 Capital believes that the disruption caused by blockchain technology will lead to conflict with the authorities. This is because various players continue to abuse the decentralized anonymous nature of the technology. As a result, they work with partners to grow transparency and ethical use of the technology in the world. They have their base of operation in New York, NY.