The Request Network Foundation Joins The Accounting Blockchain Coalition
[Singapore, August 15th 2018] — The Request Network Foundation, a not-for-profit developing a framework for compliant blockchain transactions today announced that it has joined the Accounting Blockchain Coalition, an alliance dedicated to educating businesses and organizations on accounting matters relevant to digital assets and distributed ledger technology, including blockchain.
As a member of the ABC, the Request Network Foundation will collaborate with industry leaders to evolve into the leading, objective, industry resource and community for organizations involved with blockchains in accounting. ABC will also provide educational information and materials to the broader accounting industry on changes and updates to information regarding digital assets and distributed ledger technology. The Request Network Foundation team is helping to create the interoperable standard for financial transactions that occur on blockchains. This way, enterprise software is able to include all financial flows made with non-traditional currencies, while staying compliant with accounting, auditing and tax regulations.
“We are excited to join the Accounting Blockchain Coalition,” said Christophe Fonteneau, Head of Strategic Partnerships, Request Network Foundation. “With our focus on compliant transactions, the ABC will provide to us a breadth of experience to define the accounting standards of the future. We are excited to build out our accounting use case collaboratively with these experts and unlock features like real-time tax collection for governments, and automated accounting for individuals.”
ABC will bring together a cross-sector, cross industry, member-driven knowledge-base and work real time on issues impacting the accounting industry regarding digital assets and distributed ledger technology. To do this, the ABC has created an infrastructure, including four working groups, that will allow for collaboration and publication of best practices.
About The Accounting Blockchain Coalition
The Accounting Blockchain Coalition is an industry association formed to educate businesses and organizations on accounting matters relevant to digital assets and distributed ledger technology, including blockchain. Offering a platform for members to contribute their knowledge and expertise while fostering best practices, the ABC has three levels of membership including Charter, Promoter and Associate.
About the Request Network Foundation
The Request Network Foundation promotes the adoption of blockchain by providing a protocol which allows everyone to develop their own financial solutions based on the Request Network technology. The Foundation establishes a standard for compliant blockchain transactions, shaping the future of payments (i.e. invoices, loans, payments, salary, donations) and their compliance for accounting, tax and audit integration.
For additional information about the Request Network Foundation, please visit https://request.network
