This demand highlights a critical need for verifiable and trustworthy data across all organizational reporting. The integrity of financial and operational data is essential for maintaining stakeholder confidence and ensuring compliance. For instance, 93% of business executives agree that building and maintaining trust improves the bottom line, and transparent financial reporting is a cornerstone of that trust.
This aligns with enterprise-wide mandates to build trust equity — the aggregate trust an organization creates with its stakeholders over time. To maintain value and build stakeholder confidence, organizations must ensure their records remain auditable, transparent, and accessible to relevant parties.
Once recorded, this financial information became an immutable and transparent record accessible to all. This allowed stakeholders to independently verify the Foundation’s balance sheet, expenses, and revenue streams including staking rewards.
A critical aspect of the pilot’s success was Reeve’s ability to integrate directly and seamlessly with the Foundation’s existing Enterprise Resource Planning (ERP) system. This frictionless ERP integration eliminated the need for complex and costly updates to existing accounting processes, ensuring a simple and efficient transition to enhanced transparency. Now, to enhance the utility of this robust data, Reeve’s first release will improve the understanding and presentation of this financial data with intuitive, built-in dashboards for internal teams.
Reeve directly records financial data and transactions on-chain.
Once recorded, financial information becomes an immutable, transparent record.
Stakeholders can explore on-chain data, independently verifying key financial trends.
Reeve complements on-chain data with a user-friendly interface for broader accessibility.
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