Blox.io, a for cryptocurrency management, accounting, and cost basis platform, has launched integration with the æternity protocol, a scalable smart contract platform that enables interaction with real-world data. This new integration will provide æternity users with smart tools for crypto tracking, accounting and tax preparation. They are joining industry giants like eToro, Zilliqa, Dash and more, as part of Blox’s rapid expansion strategy to provide tools and technology to help businesses and investors better manage their crypto finances.
The current complexities of cryptocurrency technologies, coupled with a lack of institutional guidance for its accounting and taxation in many jurisdictions, has created an industry need for companies and blockchain businesses. The volume of transactions and cryptographic nature of the technology has created a challenge for businesses in need of tracking their digital assets, organising their accounts and accurately calculating their profit and loss.
“Blockchain technology is expanding at an astounding speed, which introduces unique back office, accounting, and tracking challenges. It requires accurate, secure, and innovative technology and Blox offers a great solution,” says Emin Mahrt, Board Member for Aeternity Crypto Foundation.
With support from æternity, Blox launched a dedicated node of the blockchain, to seamlessly fetch and aggregate user information into Blox, whilst providing æternity users with a powerful platform for their token-management. Leveraging the Blox platform, investors, businesses, and industry professionals will have access to tools such as auto account syncing, cost basis calculator, transaction table, collaboration tools, and powerful security. These essential tools are available in Blox’s an all-in-one solution to tackle day-to-day finance and bookkeeping operations.
“Most companies today are unsure of how to start accounting for their crypto assets. We built a powerful product that is flexible, automated and compliant, meaning anyone can benefit immediately when they account for crypto or when preparing crypto taxes. This improves finance operations and protects your business’s bottom line,” says Alon Muroch, CEO and Co-Founder of Blox.
