3 ms·
Yes that is correct, thank you. e.g. I get equity funding in my company. Now: accountant needs a contract like a share note to create a line of equity on the r
by arjun_s 5y ago
Yes that is correct, thank you.
e.g. I get equity funding in my company. Now: accountant needs a contract like a share note to create a line of equity on the right hand of the balance sheet.
But in the future, the system is linked to a token sale and the shareholders are automatically updated.
Or, I am making sales of lets say NFTs on my platform, then the revenue on each transaction is automatically linked via the same NFT contracts to the revenue line. The ETH fee is directly attributed to the costs line etc.
The whole thing creates an auditable statement that can be used for data/regulatory audits/dashboards/getting crypto financing etc...