Business blockchains are coming


Business blockchains are going to happen. There are many projects that cover a slice of the multilayered enterprise world. Pacio believes that many of these projects will fail if they exist in isolation. Pacio is the one that brings it all together, linking entity data via an all encompassing standardised semantic data protocol.

Triple Entry Accounting

The current double entry accounting system does not prevent cheating. The world loses an estimated $4 trillion to fraud every year. Adding a third, public, immutable ledger can greatly reduce that loss. Read more.

Financial Auditing

Larger entities are audited annually by an accounting practice. Having accounting on an immutable blockchain reduces the work (cost) while greatly improving efficacy and reducing fraud.

Business Data Reporting

Companies turn financial data into reports. For the first time, real-time blockchain ledgers and Pacio’s TARI® gives actionable business improvement insight right where and when it is needed – at the action point.

Multi-Currency Accounting

No current system can handle multiple fiat and crypto currencies over different jurisdictions/standards. Employing Pacio’s protocol on the blockchain will enable multi currency inter standards accounting.

Document Management

Managing enterprise documents in the cloud, distributed, secure and immutable, is a complex and expensive process. Using blockchain-based file storage and the ledger’s immutability will bring down costs.

Payroll

Payroll processing is limited because of high transaction costs. A stable zero-fee cryptocurrency will make instant payments possible. Payments every minute instead of every month anyone?

 

Business Remittances

With a zero-fee blockchain solution, every company can be its own Western Union. Paired with multiple currencies as well as triple entry accounting and self-auditing, this can be a trusted service. For the first time.

Mobile / Micropayment

There is still no functioning and widely used micropayment scheme. With the technology mentioned in business remittance and payroll, everyone can become their own PayPal. Micropayments in fractions of cents will be possible.
 

Business blockchains are coming


Business blockchains are going to happen. There are many projects that cover a slice of the multilayered enterprise world. Pacio believes that many of these projects will fail if they exist in isolation. Pacio is the one that brings it all together, linking entity data via an all encompassing standardised semantic data protocol.

Triple Entry Accounting

The current double entry accounting system does not prevent cheating. The world loses an estimated $4 trillion to fraud every year. Adding a third, public, immutable ledger can greatly reduce that loss.

Financial Auditing

Larger entities are audited annually by an accounting practice. Having accounting on an immutable blockchain reduces the work (cost) while greatly improving efficacy and reducing fraud.

Business Data Reporting

Companies turn financial data into reports. For the first time, real-time blockchain ledgers and Pacio’s TARI ® gives actionable business improvement insight right where and when it is needed – at the action point.

Multi-Currency Accounting

No current system can handle multiple fiat and crypto currencies over different jurisdictions/standards. Employing Pacio’s protocol on the blockchain will enable multi currency inter standards accounting.

Document Management

Managing enterprise documents in the cloud, distributed, secure and immutable, is a complex and expensive process. Using blockchain-based file storage and the ledger’s immutability will bring down costs.

Payroll

Payroll processing is limited because of high transaction costs. A stable zero-fee cryptocurrency will make instant payments possible. Payments every minute instead of every month anyone?

Business Remittances

With a zero-fee blockchain solution, every company can be its own Western Union. Paired with multiple currency as well as triple entry accounting and self-auditing, this can be a trusted service.

Mobile / Micropayment

There is still no functioning and widely used micropayment scheme. With the technology mentioned in business remittance and payroll, everyone can become their own PayPal. Micropayments in fractions of cents will be possible.

Pacio application platform for business dapps / apps

Business blockchains are coming big

Pacio blockchain and standardised semantic information model

What makes Pacio different from any other blockchain is its standardised semantic information model SSIM. It uses semantic data to create a standard that can and will encompass all future business blockchain applications.

SSIM is a data standard. It is like a building block. We will attach it to our own blockchain based on the Cosmos blockchain. But since the standard is open source, it can be attached to any other blockchain. Since SSIM is not a blockchain in itself, it can be used in applications that are off-chain. Like in SAP or Quickbooks.

Pio: The token that fuels Pacio


Pacio is an ecosystem for application developers. They can access Pacio services via APIs and integrate Pacio into their own applications, wherever those applications run, whether on the Pacio blockchain, another blockchain, the web, or the cloud. The motor for this ecosystem is Pacio’s own Pio Token.


The Pio

  • Allows use of Pacio services
  • Provides a stake in the governance of the Pacio ecosystem
  • Is a cryptocurrency in its own right with unique benefits

Pacio documents

Pacio – the brainchild of leading accountancy pioneers David Hartley and Keith N. Cleland

David Hartley

 David became one of Australia’s leading entrepreneurs in the 70s and 80s, supplying solutions (software and hardware) for the Accountancy Profession and enterprises in 15 countries around the world. David’s business life also involved Hong Kong, New Zealand, UK, Antigua & Barbuda, Panama, and now Saint Lucia.
The systems developed by David’s various firms have produced and continue to this day producing financial statements for millions of businesses.
David undertook a period of research about modern accounting and financial reporting needs post XBRL in 2011 to 2013, then blockchain from 2014, including formal study in 2017 via B9Lab Academy leading to Ethereum Blockchain Developer certification. David conceived the idea of combining his knowledge and work with that of his co-founders, and 3rd generation blockchain advances, to deliver the Pacio solution.
David is currently acting as CEO and CTO.

Trevor Watters

Please read our blog post on Trevor's accomplishments in developing TARI.

Keith N. Cleland

Currently Professor and Head, Financial Management Department, IBR School of Executive Management, Steinbeis University Berlin.
Professor Dr Keith Cleland’s background includes seagoing as a cadet and navigating officer, consulting with an international consulting group, full professor and Head of Departments of Accounting and Business Studies at three universities, chairman of private and public companies and co-founder of the International Christian Chambers of Commerce.
For the past twenty-five years, he has actively consulted with the accounting profession and their business clients, helping identify and provide solutions for underlying business problems, which led to the crystallisation of TARI® software currently installed in numerous accounting practices and adopted by numerous businesses, small and large, with turnovers ranging from $250,000 to $12,000,000,000+.
Keith has published many papers and books on accounting and TARI®.

Team & Advisors

David Hartley

CEO/CTO


Pioneer in computer hardware and software. Leader of major accounting software firm. Certified Blockchain developer.

Keith N. Cleland

Executive Director


Currently Professor and Head, Financial Management Department, IBR School of Executive Management, Steinbeis University Berlin.

Trevor Watters

Executive Director


Banking background, Developed first Australian Income Tax Preparation software. Trevor was instrumental in developing TARI® related software.

Marcell Nimfuehr

CMO


15 years experience in advocacy, lobbying and visibility. Author of Blockchain book. Advisor for Token Sale Campaings. Previously with Slovenian Blockchain company tradershub.

Ken Fontius

Web Developer


Designer and Developer of Pacio Web applications

Francisca Vaessen

Community Manager


Internationalisation Manager & Community Manager.

Kerry Hogan

Advisor


Nicholas John

Attorney at Law


David Gardner

Strategic Alliances


Martyn Rivett

Expert Technologist


Zahid Imran

Funding Advisor


Benjamin Zorio

Funding Advisor


Alex Cort

Social Media


Talk to us! 

Do you want to get in touch?
Contact Marcell Nimfuehr at marcell@pacio.io

Pacio Core Ltd

Third Floor, Hewanorra House, Trou Garnier Financial Centre

Pointe Seraphine, Castries, Saint Lucia, West Indies

www.pacio.io