reminder, this is your last chance to get into REQ,
I'm an oldfag on here and I genuinely think REQ
is the most promising coin long term, here is why: >Use cases:
>Billions of invoices are shared each year between companies, with most of them still being sent in paper and
email format, which have to be copied. This results in a large number of errors, particularly when advanced
payment or tax rules are applied.
With Request, companies can share these bills directly via the ledger; there will be no more duplication,
as accounting systems will be immediately plugged in and updated.
>Request allows the
digitization of accounting systems
, where one currently spends time
to duplicate efforts through repetitive documentation and frequent checks. These manual tasks can now be
automated. Request will transform the role of a CPA into consulting and support activities. This system
leaves more time for value-added tasks, such as analysis, estimation and strategy.
>With Request, audits become a simple algorithmic check, thanks to the immutability of the system. In
comparison, in 2014, Microsoft paid $46.2 million in audit fees to Deloitte
10
. Similarly, Bank of America paid
nearly $100 million. In total, the 100 biggest companies in the United States paid $2.5 billion in audit fees.
Henceforth, audits will be carried out in real time
11
. Let’s call them Smart Audits
12
. Blockchain auditing
solutions (”smart audits”) will likely become a reliable and inexpensive alternative to today’s manual audits.
>With Request, expense reports are easily shared between employees and businesses, without getting lost
or altered. A system of expense management will allow employees to select and send, in real time, their
professional expenses to their manager, who can accept and refund them when ready.
