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Our perspectives on accounting, business and technology

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technology

Why we don't use blockchain

When we were roughing out the initial technical design of the core Bmbix service, we gave blockchain technology due consideration. Ultimately we felt that it was overkill for our use cases. We have written this article because it is a question we are often asked — why doesn’t Bmbix use blockchain technology. Our understanding at the time was that the strengths of blockchain technology lay in no-central-authority and non-repudiation of transactions.

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mission

What is Bmbix?

Connecting the world’s accounting systems. That’s our mission. What does it mean to your business? You know how banking has evolved so that you can transfer money to/from any bank account with any bank to any bank account at any other bank, anywhere in the world? Well, that’s what Bmbix does for business documents such as invoices and credit notes. We are the glue that connects potentially all the world’s accounting systems.

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