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Ledgerium Review
LEDGERIUM REVIEW W r i tten b y: Kyle Crut c hl e y W ebsi te : www.ledger i um . ne t
S e cu re , L ow er C osts, R egu la tory C o m plia nt.
LED
6.2 THE BUSINESS MODEL AND ECOSYSTEM
To allow healthy growth and development of the system, all tokens acquired via the subscription service will be partially reinvested into the business and the Master Node, and partially be burned. Ongoing adjustments to the above distribution will be performed to achieve optimally efficient business development. Burning coins will have the benefit of increasing the value for Ledgerium holders by reducing the number of coins in circulation.
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SUBSCRIPTION TOKEN
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Accounting costs have spiralled, as the rise in transactions has created an industry where only large companies have the financial means to access this information. Because of the nature of the industry, auditing frauds and appeasement of companies to the detriment of investors have become common place.
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SUBSCRIPTION MONEY
In order to open up the market and attempt to create more secure, transparent accounting practices through the use of blockchain technology and triple-entry accounting, Ledgerium has been developed.
TOKEN CONVERSION
The aim of Ledgerium is not to just develop a more transparent and secure accounting industry, but to make it affordable for small businesses to access services like auditing, previously only available to those with significant funds to pay for pricey audits, such as large companies.
TOKEN POOL
CONSORTIUM PEER
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MAIN NODE
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BURNING
R&D COSTS
CONSORTIUM NODE POOL
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fintech review
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The key to revolutionising the accounting industry lies in the blockchain technology at the heart of Ledgerium. Blockchain provides the means to cheaply record transactional information while still being as effective and secure as traditional accounting. Ledgerium’s blockchain is also incredibly transparent, as being through the blockchain, all transactions on Ledgerium can be verified. This, along with its security makes it a promising tech.
