Economic Efficiency of DPA Accounting
What will companies gain by transitioning to accounting based on the DPA (Digital Accounting Protocol)?
The answer to this question is both simple and, at the same time, quite complex.
But first, let’s consider the following:
What was the economic efficiency of people switching from horse-drawn carriages to cars and trains?
What was the economic efficiency of using alternating current compared to direct current?
What was the economic efficiency of humanity adopting personal computers and smartphones?
What was the economic efficiency of using the TCP/IP protocol?
What was the economic efficiency of implementing double-entry bookkeeping (DEB)?
To this day, in small and medium-sized enterprises (SMEs), where over 80% of the population is employed, accounting is NOT USED AT ALL!!! Using accounting only for tax calculation is like using the heat from a car engine solely to warm up food. Or using a Porsche to transport sand and cement.
Ordinary families and individuals do not use accounting.
Why?
Because it is practically impossible!
Why is that?
Due to the high cost, complexity, and confusion of the current accounting systems.
Moreover, it is IMPOSSIBLE to automate current accounting systems because of the ambiguity of the final results.
Our company’s DAP offers absolute precision and, most importantly, UNAMBIGUITY.
A properly executed transaction for the simple purchase and use of materials in production using DAP requires at least 5 DEBs, and the sale of an asset requires at least 6. When dealing with VAT operations, prepayments, or partial payments, the number of DEBs doubles. Currently, accountants, when registering these transactions, strive to get by with one or two DEBs, which makes the final result highly distorted, illogical, and inconsistent with reality.
It is unthinkable to perform DAP accounting manually. Special software is required for this. DAP enables 100% automation of all accounting tasks. Automation makes it possible to reduce the cost of a DEB to 1 cent. Automation also allows accounting to be done in real-time.
As a result, DAP accounting will be used by everyone! It will be integrated into every home, room, faucet, and electrical outlet, enabling personalized tracking of every drop of water, every kilowatt, and every square meter.
This will motivate people to use natural resources rationally.
A dashboard based on DAP, similar to a graphical weather forecast, will allow one to understand the state of all assets at any point in time with just a glance. And this DAP Dashboard will become as essential as smartphones, computers, and the Internet are today.
So, what is the economic efficiency of transitioning to accounting based on DAP? It cannot be calculated in any table, but the scale and scope can be imagined.
Therefore, there is a very high probability that investors who invest in the development of the DAP-based accounting project will see returns with a coefficient of 1:1'000 or higher, similar to those who once invested in Apple, Google, Microsoft, Amazon, and others.
Such opportunities are extremely rare, but they do exist! The implementation of DAP is one of these rare cases.
"All limitations are only in our minds!"