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ULedger enters licensing agreement with Bookly for blockchain bookkeeping

ULedger and Bookly look to lead the way with distributed ledger technology in the accounting software space.

ULedger,a data integrity as a service company announced today that it has entered into a licensing agreement with Bookly, an online bookkeeping service designed for business owners.

Under terms of the agreement, Bookly will license ULedger’s proprietary blockchain known as ULedger Data Integrity and related technologies.

Zach Olson, CEO of Bookly states:

“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.”

Josh McIver, CEO of ULedger added:

“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.”

“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.”

Source:ULedger