Accounting

Blockchain for Accounting

Discover how web3 is emerging in the Accounting industry.

Companies we’ve helped with their web3 strategy

What challenges face the Accounting industry?

The Accounting industry faces a few key challenges including: Transparency, Auditing and Automation and Controls.

Transparency

Transparency is a cornerstone of trust and accurate information dissemination, critical for effective decision-making and accountability across various sectors.

Auditing

Inadequate auditing can result in financial inconsistencies, fraud, and loss of trust in the integrity of an organization's financial statements.

Automation and Controls

Insufficient skilled personnel for automation and control systems can result in inefficiencies and downtime in industrial processes.

I believe that Ethereum can and will solve a fundamental problem that plagues modern enterprises: data quality.

Paul Brody

Global Blockchain Leader , EY

What are use cases for blockchain in the Accounting industry?

Blockchain can be used to solve problems in the Accounting industry including KYC/AML, Traceability and Settlement.

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KYC/AML

Blockchain facilitates secure and efficient KYC/AML (Know Your Customer/Anti-Money Laundering) processes, ensuring meticulous verification and management of customer identities and compliance data.

Traceability

Blockchain ensures supply chain traceability by creating immutable, transparent records for every step, ensuring the authenticity and origin of products.

Settlement

Blockchain facilitates settlements with a transparent, secure platform for tracking and verifying transactions, reducing the need for intermediaries and ensuring efficient and accurate settlement processes.

How can Alchemy help Accounting companies with their blockchain strategy?

Alchemy's team of blockchain experts and enterprise-grade web3 development platform can help Healthcare companies plan, build, and scale new blockchain initiatives.

Trace API

Gain insights into transaction processing and on-chain activity.

Token API

Access essential token data for a superior user experience in your app.

Transaction Monitoring

A comprehensive set of dashboards and alerts for app health, performance, and user behavior.

Alchemy handled the heavy lifting for us and saved us hundreds of hours of development time. Transaction Simulation allowed us to go-to-market 4 weeks faster!

Ohm Shah

CEO & Co-Founder, Wallet Guard

Enterprise Blockchain FAQs

Alchemy's supported blockchains include Layer 1s like Ethereum, Solana, and Astar, Layer 2s including Arbitrum, Starknet, Polygon zkEVM, and Optimism, as well as Polygon's PoS sidechain. Alchemy also supports Goerli, Sepolia, and Mumbai testnets. If you are interested in running a permissioned blockchain, contact our team of experts!
You can start building on Alchemy immediately! Alchemy boasts the most comprehensive free tier in all of web3 development. From core node RPC services, to enhanced APIs and account abstraction infra, Alchemy's free tier has a robust set of tools and lots of capacity to start building right away. If you need more advanced tools, higher throughput, or more monthly compute units, Growth and Scale Tiers are self-serve starting at $49/month and $199/month respectively. For custom plans and enterprise SLAs, please contact our sales team!
The Alchemy Sales Team is available to answer any and all questions about the infrastructure and tooling your company needs to bring a production-ready web3 strategy to market. To get started, book a time with an expert!
Alchemy does not offer formal consulting services, but our team of experts are ready to help you think through important product and infrastructure considerations. Contact a member of our sales team to start the conversation!

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Learn how to use blockchain technology as a competitive advantage.

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Alchemy combines the most powerful web3 developer products and tools with resources, community and legendary support.

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