Book It, Danno – New Licensing Deal Set

Announcements, Blockchain, FinTech, Innovation | April 24, 2017 By:

ULedger, a data-integrity-as-a-service company, has entered into a licensing agreement with Bookly.

With the agreement, Bookly, an online bookkeeping service designed for small business owners, will license ULedger’s proprietary blockchain (ULedger Data Integrity) and related technologies.

ULedger’s blockchain solutions enable its clients to create a permanent, independent 3rd-party record of any type of data, whether it’s an electronic medical record, image, contract, journal entry, email or any other type of data.

ULedger claims its blockchain approach creates indisputable proof of the evolution of data, from information and finally, to fact. The company claims that each transaction that the platform logs is time-stamped and hashed by multiple, independent parties to corroborate the event and the “truth” of that event, without Uledger or any other party having access to the underlying data.

“Blockchain is a transformative technology and through our relationship with ULedger we are excited to be the first company to bring blockchain to the accounting software industry,” said Bookly CEO Zach Olson.

“We are very pleased to announce this strategic licensing relationship which will greatly benefit both ULedger and Bookly, and most importantly, the transparency, integrity and trust of Bookly’s client information,” said ULedger CEO Josh McIver. “Information and records stored on blockchain data structures is becoming the standard by which all information will eventually be stored eliminating the inefficiencies, lack of integrity and trust and the single point of failure of traditional data bases structures.”