Hello, First Name Last Name here. Im creating this topic to bring valuable discussion on what we can do as a community to increase value accrual on the onyx network. The thread should be predisposed to ideas around services that would intrigue netizens in whats possible on blockchain and how onyx protocol will improve their lives. In the telegram i proposed the idea of a Tax/Accounting Automation Service that can compete with centralized pay per month services.
What would be needed to create both a cost effective and flexible accounting service?
- Privacy:
Noone wants all of their ins and outs of daily buisness being publicly readable on the blockchain so subchains would likely need to be utilized. Even with anonymity this is a given desire of potential future clients. - Categorization:
Most accounting services use features like ingoing and outgoing, invoice creation, customer data prefills, cash flow, profit and loss, payables and recievables. This helps buisness create a budget and bottom line wholistic picture. - Quarterly Tax Summaries:
Using automation we could allow clientele to easily set up paramters that help them see the big picture when it comes to staying on top of their regions expected tax. - Reciept logging:
NFT creation can be used to showcase reciept information in metadata and organize how it applies to the customers buisness. - Asset creation
can be used to represent mileage as a token or a vehicles qualities and odometer for depreciation as well as other asset management such as offchain assets like housing equity, professional equipment etc.
What do you want to build?