Intrachain and Blockchain

Dear Intrachain Community,

In last week’s blog post I gave a more detailed insight into the blockchain technology. Today, I want to do the same but in regards to our Intrachain Software.

My vision for Intrachain

Since I have profound kowledge of data engineering and data analytics, I am well aware of the problems in today’s digitalized world. I know that private users and businesses experience an information overkill from different data sources and that accounting practices that rely on accurate data are highly inefficient. Especially reconciliation, I realized, is prone to human errors. I am also alerted by the high costs that this method is producing.

In addition, I believe that in the future, the complexity within firms and for private users will rise. This will make it even harder to ensure data to be accurate and actionable. Due to my interest in new technologies and the crypto world, I identified blockchain technology as the key solution for these challenges. Me and my co-founders see this as an opportunity to create the first product of its kind: The first process mining software with an integrated blockchain.

With the integration of blockchain technology into behavior tracking, I believe that we offer a high-value service to major economic players and private users alike that has transformational potential. We offer individuals the required personal behavioral data to re ect on their usage of smart devices and analyze their time spent.

Intrachain Business revolutionizes the accounting world

Furthermore, it is our aim to revolutionize accounting practices by making use of new technological possibilities. We want to automate accounting practices such as reconciliation with the help of blockchain and smart contracts. This makes effort allocation more ef cient, helps companies to save costs and provide them with the accurate data that are needed to make informed decisions.

My vision for the accounting world, is to make reconciliation work obsolete with the help of blockchain. The manual adjustment process of faulty accounting transactions is costly in terms of time and money, unnecessary, as well as simply unsatisfying. My long-term goal is to penetrate the accounting market with our product to such an extent that all accounting is handled on blockchain. The more accounting is managed on blockchain, the better data companies have. This is due to the fact that the blockchain makes the data forgery-proof. Forgery-proof data leads to an incomparable improvement of time exposure because no more single bookings would need to be double-checked by auditors.

In summary, I strongly believe that Intrachain will make auditing both more efficient and easier. I am very excited to be part of the revolution of the accounting world.

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I will keep you posted on exciting angles of the Blockchain Industry. In the meantime, feel free to contact me on Telegram to chat with me and my Co-Founders.