TaxToken is a blockchain-as-a-service company that leverages distributed ledger technology and artificial intelligence to provide financial, accounting and tax solutions to companies and individuals. Integration with smart cards, smart contracts and our capital asset manager provides innovative ways to solve both old and new problems. TaxToken is creating the necessary accounting infrastructure for the future.
Enhanced Accounting and Distributed Ledger Technology
TaxToken merges blockchain technology and artificial intelligence to provide accounting and tax solutions. The company aims to revolutionize business and personal accounting through a suite of patent-pending technologies. TaxToken’s first application, a Capital Asset Manager, calculates capital gains and losses from buying, selling, trading, and mining cryptocurrencies, aiding taxpayers and companies with assurance and compliance. Next, TaxToken is launching a smart invoice application. This application enables businesses to send and receive blockchain payments, which lower transaction fees, increase liquidity and protect against fraud. These payments are used in TaxToken’s advanced inventory management software, which updates in real-time and self-executes purchase orders. Inventory records are third party verified, eliminating embezzlement opportunities. TaxToken’s accounting suite also includes integration with smart cards, enabling our software to automatically itemize business expenses and personal deductions, without the need for paper receipts. The use of smart contracts permits our software to update journal entries when payments are sent or received, removing the inefficiencies of manual record keeping. Triple-entry bookkeeping allows clients to keep a cryptographically-sealed and third party verified ledger of accounting entries, saving clients time and money in the event of an audit.