LEDGERIUM

LEDGERIUM INTERVIEW

Interview by: Acqeel Ziyad Website: www.ledgerium.net

For us, it’s to make the world a smarter, more efficient and better place.

Fintech Review (FR): What is Ledgerium?

Adam Wang (AW): Ledgerium is a company that brings blockchain to the accounting and audit industry. We aim to create decentralised ledger through triple entry accounting system and initiate a revolution for traditional accounting and audit procedures. We believe that the trust mechanism of blockchain could lower the costs of financial services and help build a fairer business world. It will increase the integrity of the ledger and reduce the level of materiality. Imagine this, every transaction in a business is been audited on a 24/7 basis. Consider how this will make the user feel about the integrity of the financial reports.

FR: How can Ledgerium be used in the real world?

AW: Ledgerium can be used to establish an accounting data blockchain, which is decentralised. A distributed ledger across many nodes in the Ledgerium blockchain platform will record crypto currency transactions. The Debtors and Creditors ecosystem will feature smart contracts to facilitate listing of traditional account payable and receivables. Blockchain technology will add real time auditing functionality, and ultimately through the artificial intelligence, we will achieve audit automation. By utilising blockchain technology, we can control recording of inventory, supply chain, ownership of tangible assets, ownership of intangible assets, internal procedure control etc. Ultimately, Ledgerium will be a complete solution of accounting and audit blockchain software in the future.

FR: When is Ledgerium launching its product? Tell us about the roadmap.

AWg: By Q2 2018, Ledgerium will launch the main chain, with wallet software for Mac and Windows . We will conduct a marketing campaign in Asia-pacific rim countries including US, Canada, Australia and China. By Q3 2018, the Ledgerium IOS app will be launched, with an additional marketing campaign being conducted in countries including the United States, Japan, South Korea, and Singapore. The Research and Development team will be releasing a demo version of Ledgerium to beta tesers. By Q4 2018, the Ledgerium Android app will be launched, with a marketing campaign be held in European countries. The Research and UI design team will initiate the first product function, while developing the second product function.

FR: How can the community be involved in the ICO?

AW: Slack, Telegram, Twitter, Facebook and Weibo.

FR: Where is the Ledgerium team based?

AW Our central management team and development team is based in Australia. We will have advisors from all around the globe to help us create Ledgerium.

FR: What experience does your team bring to this project to ensure its success?

AW: People are the most important element to make this venture a success. The Ledgerium consists of university accounting academic professors, blockchain technology experts and accounting firm professionals. Our current team members all have years of experience in research, marketing, sales, operation, accounting, legal, Software Design, and others.

FR: What is the ultimate goal of Ledgerium?

AW: We aim to protect public interest by creating and revolutionising the financial reporting world. Imagine a financial report that is from a reliable source, and integrates an anti-fraud, real time AI system.

FR: What challenges do you foresee in developing blockchain technology, and how does Ledgerium plan to overcome them?

AW: Currently the Audit/Accounting system cannot use blockchain technology to design a standardized audit process. To overcome this issue, we can do it by educating Accounting practices or companies using the technology, in order to produce a reliable result which can be reported. We will work with relevant Government agencies and Audit boards to help improve on the procedures and the implementation of our product. Importantly, we will continue to develop and improve the system and market it to the public.

FR: What advice would you give to an entrepreneur trying to launch an ICO successfully?

AW: Beside we all know that to have a successful ICO, we must have a very experienced advisory team, including software, marketing and product team. We value having Jayden and Dallas who are undoubtedly very experienced in the field. They provided us with priceless advice and a clear roadmap for our future. We endeavour to work on a very strictly timeline to develop the highest quality product. When launching any ICO, one must ask why they would like to do so. For us, it’s to make the world a smarter, more efficient and better place.