An interview with David Hartley of Pacio.

What makes David Hartley an expert on triple entry accounting?

I became interested in digital accounting in the mid 1970s and had the pleasure of being founder of one of the first companies developing and supplying software for professional accountants. We dominated that vertical market for years. After companies in 8 countries and agents in more, the last company was sold to Sage in the UK in 1999. Their prime professional accounting market software is still based on my company’s system.

I have been pondering and working towards a standardised semantic approach to…

Before you finish this article, you will have fallen in love with double entry accounting, mourn its failing and rejoice with us in saving the world up to $4 Trillion[1] in losses due to fraud.

The Notting Hill Carnival is one of London’s most colourful annual events with hundreds of dancers and many thousand spectators. It’s also a time of overboarding indulgence leading to 454 arrests for petty theft or public nuisance in 2016. But the biggest Carnival-related crime did not happen on the streets of Notting Hill. It was performed in the shadows of the organisers accounting books. Thirty-five-year-old Nadia Chase Ali, financial officer of the charity connected to the Carnival siphoned off £784,262.85 by creating a spectacular amount of 530 invoices and subsequent payments to her account. She was able to operate for…

In today’s globally connected world, data is the key to everything, including power and wealth, with data becoming the ubiquitous commodity of the 21st century. All entities and people wherever based, from Australia to Zimbabwe, will need common or standardised ways to store, access, compare, manage, analyse, exchange, transact, and audit their data. Yet the current reality is far from that, with most data held in isolated incompatible silos, in many cases controlled by others for their benefit rather than for the benefit of the owner/creator of the data.

The result is a huge loss of opportunity versus what could…

Today we welcome our first Middle Eastern Advisor — Zahid Imran from Dubai, in the United Arab Emirates

Zahid has a lot to offer Pacio as his Linkedin profile makes clear:

“My approach to investment is to find really disruptive companies offering a real solution to a real need, which can be already implemented into the market. But above all, I truly rely on the ability of great teams to achieve their goals. Considering my career, I only invest in financial-related companies as they are the ones that I can contribute the most either as an investor or as an…

If you contributed to the Pacio Seed Presale in late 2017, your PIOEs have just doubled!

Why?

Because for our next funds raising rounds, we lowered the final target price for PIOEs from 20c to 10c. This was done as part of making changes to give investors more control, to reduce the funds being raised to just what the project needs with today’s greater knowledge of what that figure is, and to avoid any hint of the 2017 ICO greed syndrome. The new plans are described in section 12.3 of our updated White paper at the site (www.pacio.io)

This price…

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 token:

• 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

PIO Uses and Rights

PIOs will:

• entitle the holder to a share of 25% of newly minted block PIOs as an issuance reward in proportion to the number of PIOs…

• Provide real time feedback to improve business results
• Efficiently process zero fee crypto, fiat, or other payments/
  transfers/transactions between people and entities
• Eliminate double entries for inter entity exchanges
• Reduce costs
• Increase safety
• Reduce disputes
• Speed payments
• Permit inter entity/jurisdiction/app operations or comparisons
• Facilitate audit where needed
• Eliminate many opportunities for fraud
• Provide far better privacy protection

Privacy Protection

Pacio data will be private or public as set by its creator or owner, including for just part of a record eg a person’s name might be public, but not his/her email address or birthdate.

Pacio data storage will involve a network of…

In today’s globally connected world, data is the key to everything, including control and wealth.

However, with most of that data being held in isolated silos, no corporation or regulator can keep up with the demand for data interfaces and translations between the myriad of unconnected non-standardised databases. The result is an ineffective patchwork which is both expensive and full of holes — a bonanza for criminals.

By creating a decentralised semantic data application platform, Pacio will:

• Standardise and simplify the storage, exchange, and comparison of data, both inside an entity and globally, via a new standard for secure and…