Folks, www.balanc3.net a new accounting platform prove value with new accounting Tech, claims this would be good for investors. Would that work? In regards to
balanc3.net, their homepage has a lot of verbose but says very little.
What accounting is needed for the blockchain?
It says that it will provide accounting services for token sales. Is there a need for this? I dont know. They should explain why this is needed by token sales, but they dont. Token sales usually involve having a smart contract receive ETH and sending tokens. The team only needs the total ETH received (one number) and then can put this in their Excel spreadsheet or other regular accounting software. What else do they need to do? If they need to do more, then balanc3 should explain why.
It doesnt look like they are hosting an ICO, are they? Maybe theyre running a business and will sell their accounting services to ICOs. I dont know as it doesnt say.
This is one of most nebulous websites Ive read.