We’re laying the foundation for blockchain applications — making business accounting smarter, more transparent and better connected.
Single Ledger is dedicated to bringing use cases of distributed ledger technology, including blockchain, to businesses, accountants and vendors. Together, we’re working toward a common objective of transforming business processes, reducing friction and improving economics. We’re joining forces to solve real-world challenges, innovate and test new ideas.
Single Ledger creates a distributed, highly available peer-to-peer network that provides an almost instant and secure record of proof that the transaction occurred.
Using blockchain technology, we enable the near real-time processing, settlement and validation of transactions, reducing the risk of errors, fraud or non-payment.
As a permissioned environment, the business controls the access to its financial data and approves access from other businesses, accountants, auditors or lenders.
In turn, these parties transact directly with each other through a single ledger protocol — eliminating the need for third-parties. Say goodbye to time-consuming reconciliation.
Single Ledger technology is a native structure for sharing information, accelerating business processes, improving cost efficiencies, preventing operational errors and minimizing settlement times.
Modern financial and accounting systems have many unautomated steps that inject cost, risk and inefficiencies into processes. These disconnected systems place hard limits on how well different systems work together and share information with other industry participants. The resulting siloed data often leads to manual data entry and the risk of costly errors and omissions, fraud and compliance problems. Currently, large pools of accounting transactional data aren’t accessible for exchange, audit or real-time settlement by financial institutions.
Many disconnected accounting systems do not speak to one another. Valuable accounting data is trapped in different siloed applications. It’s hard to collaborate and even harder for lenders, auditors and other stakeholders to verify this information.
Together, Single Ledger members will build a collaborative, transparent and secure business accounting network powered by open APIs and distributed ledger technology, including blockchain.
Our focus is building a community of industry thought leaders who will share relevant, permissioned business accounting data with each other.
Join Single Ledger to collaborate with a global network of small business accounting software and
application providers. Together we will develop an ecosystem ending the “garbage in, garbage out”
and capturing each business’ real-time
financial health. Let’s:
Using Single Ledger’s “confirm-as-you-go” approach, a transaction entered in one accounting application is immediately available to the counterparty for approval and published on the blockchain for both parties. Let’s end the bottleneck of “confirm-after-the-fact” reconciling with:
Using Single Ledger’s “confirm-as-you-go” approach, a transaction entered in one accounting application is immediately available to the counterparty for approval and published on the blockchain for both parties. Let’s end the bottleneck of “confirm-after-the-fact” reconciling with:
Single Ledger innovations open doors for automation and data analytics to transform the way auditors execute their engagements through:
By improving the pace and transparency of reporting and compliance, auditors will have greater opportunities to focus on riskier and more complex transactions.
The move from client/server architectures to distributed ledger technology, including blockchain, is not only transforming existing business models — it’s creating new use cases, financial instruments, and accounting methods. We invite Industry leaders from forward-thinking accounting, law, tax, technology and higher education to join the Single Ledger project.
Accounting, advisory, audit, tax, law, regulatory, risk and technology professionals — we want your knowledge and expertise to help turn these possibilities into realities.
Join the Project!We look forward to hearing from you.
Single Ledger is a collaborative project. Its goal is to provide apps and integrations to test blockchain orchestrations, pilots and proof of concepts (POCs) in order to streamline and automate accounting and finance workflows. We are creating an interoperable network governed by the Single Ledger and its members — powered by open APIs and HyperLedger's blockchain platform. The secure distributed database is offering simultaneous access to a single version of the truth to all participants in the accounting domain.
Single Ledger moves businesses toward more innovative and cooperative business models. Software providers on the platform can eliminate paperwork for the businesses they serve. Along a supply chain, there’s a huge amount of logistics paperwork from start to finish for approvals, invoicing, shipping, delivery receipts, payments, etc. Leaving no space for document tampering and negligence along the way, services, like releasing shipment and payments, can be managed by smart contracts between businesses and suppliers — speeding up the entire process.
Powered by the Distributed Ledger Technology (DLT), it provides secure, distributed data storage and bookkeeping, execution of complex business logic, automated contract enforcement, identity management, asset verification and tracking. Single Ledger Core manages logic, rules and conditions to validate transactions.
This interface provides application programming interfaces (APIs) and software development kits (SDKs) for developers within the Single Ledger network. It integrates seamlessly with other systems, entities and service providers.
Access to Single Ledger APIs lets members integrate with internal and external systems easily. Each Single Ledger member can decide if they want to develop their own new solutions on top of the Single Ledger infrastructure. Members can build and deploy their own accounting and finance applications, test prototypes, create smart contracts as well as query and validate critical financial data, identities, and assets.
Join to build a vibrant community and extend the edge of businesses by developing variety of apps using blockchain data based on permissioned access.
