Breaking Down Blox – A Crypto Tracking,  Management, and Accounting Platform.

We would like to begin by giving thanks to our amazing users, community members, clients, ambassadors and the entire Team Blox that have supported our mission and vision. Without these teams of people, we would not have had the opportunity to build this amazing product for millions of people and thousands of businesses around the world.

 

Blox provides its customers with value-driven services that allow financial teams, accountants and CFOs to have a clear view into their crypto portfolio. Businesses can save on time, money and resources by alleviating the strains of crypto accounting.

 

By keeping all your assets connected in one location, professionals can make better-informed decisions, collaboration is streamlined and reduces exposure to human error or unwanted manipulation. More importantly, Blox keeps your information private and secure with a read-only approach to safeguard your financial privacy.

 

Before continuing further, it’s important to address and identify the industry challenges that emerged and the origins of Blox.io.

 

 

Identifying the Industry Challenge

 

Billions of dollars’ worth of crypto transactions take place every year in the crypto universe, and that number continues to rise. That translates to millions of transactions across hundreds of exchanges, tokens, and wallets. The current government classification of cryptocurrencies has no legal framework set in place, only basic guidelines.

Therefore, it’s imperative to ensure that proactive and deliberate steps are prepared for any crypto company. Moreover, many CFOs, accountants, and finance teams remain unaware of how to navigate crypto accounting, nor are they aware of available tools for tracking, managing, and bookkeeping of crypto portfolios. The sheer complexity of the accounting process for crypto is an overwhelming task, but with the right solution it can be made easy.

 

  • Hundreds of crypto exchanges, tokens, and wallets to organize and manage.

 

  • No official government or legal framework, only simple guidelines.

 

  • Crypto accounting, bookkeeping, management and tracking is uniquely complex.

 

  • CFOs, accountants, finance teams and decision makers are unaware of available tools and solutions.

 

  • Current industry solutions are minimal, with most companies relying on outdated spreadsheets with manual data entry and tracking.

 

 

Solving With A Smarter Solution

 

Blox provides its customers with value-driven services that allow financial teams, accountants and CFOs to have a clear view into their crypto portfolio. Businesses can save on time, money and resources by alleviating the strains of crypto accounting.

 

By keeping all your assets connected in one location, professionals can make better informed decisions, collaboration is streamlined and reduces exposure to human error or unwanted manipulation. More importantly, Blox keeps your information private and secure with a read-only approach to safeguard your financial privacy.

 

Blox lets you…

 

  • Focus on your core business to save costs and time

 

  • Make better-informed decisions, and stay in touch with all your assets  

 

  • Reduce exposure to human error and potential fraudulent manipulation

 

  • Collaborate in real-time with teams or CFO’s around the world

 

  •  Get a clear view into your balances, gains, losses and transaction details with unparalleled accuracy

 

 

Intelligent Tools Solving Real-World Challenges

 

Blox offers an array of features to help organize, manage and integrate crypto accounts and transactions. Our robust and secure platform was built with our users every need in mind.

 

Blox for Accountants & Bookkeepers

 

Take advantage of features to solve day-to-day challenges when tracking, managing and accounting for crypto assets. We have features built specifically to solve their unique requirements.

 

  • Accounts & Transactions – Our platform offers the ability to label and classify transactions to improve the organization and allocation of assets, with options for multiple portfolios and accounts. Custom design transaction classifications to match your Chart of Accounts, with our new Tx Table. Finance teams now have a more organized approach for faster search and discovery of all your crypto transactions.

 

  • CSV Export/Import – Easily export your financial information into a CSV for easy viewing, reporting, or to upload into your general ledger or bookkeeping software. Blox is also introducing importing from other exchanges and GL’s into the platform.

 

  • Audit Trail – Blox simplifies the ability to backtrack the movement of transactions to allow finance teams to discover errors, prevent fraud, track asset movement and generate required financial reports. Blox aggregates your data and even offers the ability to attach supporting documents for accounts, transactions and reports.

 

  • Security & Privacy – Blox is armed with smart security features to ensure your private information stays private. The platform is enabled with Touch ID, distributed admin privileges, and read-only access to provide a one-way window into your crypto accounts. Blox also offers custom security solutions for select customers.

 

  • Real-Time Collaboration – Enable your teams with the ability to collaborate, share projects, and complete reports in real time. Share your portfolio with C-level executives, CPAs, auditors, and more, with enhanced permission controls for authorized access. Let your teams work smarter not harder.  

 

Blox for Professionals

 

We know its difficult to track crypto assets and our platform makes it easy to sync wallets, exchange accounts, and account balances, to view your entire crypto portfolio in one beautiful dashboard. Individuals and professionals comprise a large part of our user base, so we want to always ensure they get the best tools and event better value from our product.

 

  • Auto-Sync –  Seamlessly sync the top blockchains, exchanges, and wallets – all in one easy-to-use platform. Blox’s proprietary API technology automatically aggregates and syncs user data to offer unparalleled accounting, bookkeeping and financial reporting tools to help businesses and professionals maintain their company’s crypto financials.

 

  • Dashboard – Our stunningly simple user dashboard lets you view your account balances, analytics, transactions and reports in real-time. The intuitive dashboard consolidates all the features and components of Blox, giving users and finance teams access to smarter ways to stay connected with your crypto accounts anywhere and anytime.

 

  • Daily Balance Overview – Blox provides a complete overview with detailed daily snapshots of account balances and transaction activity, providing simplicity for finance teams and professionals. Users can take advantage of specific filtering options to narrow down results across all your wallets, accounts and exchanges. View your their complete financial picture for an up-to-date, and accurate view into your crypto assets.

 

  • Cross-Platform Access – Login to Blox on the web or via the Blox mobile app, making it easier for users to access account balances, transactions, reports and more from your laptop or smartphone. Never lose touch with your accounts with our cross-platform access and compatibility (iOS, Android).

 

  • Security & Privacy – Blox is armed with smart security features to ensure your private information stays private. The platform is enabled with Touch ID, distributed admin privileges, and read-only access to provide a one-way window into your crypto accounts. Blox also offers custom security solutions for select customers.

 

Blox for C-Suite:

 

C-Suite professionals are always looking for new ways to solve challenges with the right solutions. But, they don’t have the time and may not have the resources to know what is readily available to them.

 

Automated, accurate and secure, they can now empower their finance and accounting teams with an all-in-one platform.

 

  • A visual dashboard – View your account balances, analytics, transactions and reports in real-time. The intuitive dashboard consolidates all the features and components of Blox, giving you access to smarter ways to stay connected with your crypto accounts anywhere and anytime.

 

  • Complete privacy and security – Blox is armed with smart security features to ensure your private information stays private. The platform is enabled with Touch ID, distributed admin privileges, and read-only access to provide a one-way window into your crypto accounts. Blox also offers custom security solutions for select customers.

 

  • Account for every transaction – Our platform offers the ability to label and classify transactions to improve the organization and allocation of assets, with options for multiple portfolios and accounts. Custom design transaction classifications to match your Chart of Accounts, with our new Tx Table. Finance teams now have a more organized approach for faster search and discovery of all your crypto transactions.

 

  • Anytime and anywhere – Login to Blox on the web or via the Blox mobile app, making it easier for you to access account balances, transactions, reports and more from your laptop or smartphone. Never lose touch with your accounts with our cross-platform access and compatibility.

 

  • Collaborate in real time – Enable your teams with the ability to collaborate, share projects, and complete reports in real time. Share your portfolio with C-level executives, CPAs, auditors, and more, with enhanced permission controls for authorized access. Let your teams work smarter not harder.

 

 

Powerful Security For Peace Of Mind

 

The future of crypto accounting is becoming more and more necessary as crypto and blockchain become increasingly accepted in the mainstream arena. Tracking and managing assets for accounting and bookkeeping are exceptionally vital for professionals and businesses that rely on the accuracy of their numbers and require automation to handle their large volumes of assets and transactions. When it comes to the core of what professionals and businesses desire, crypto management and accounting needs to be one-hundred percent accurate and leverage automation, and that requires powerful security.  

 

We keep your assets and private information safe and secure with an array of security-focused features. We start right from when you sign up, using Auth0, a universal authentication, and authorization service. We enable TouchID and FaceID for securely logging into your account, quarterly security audits, secured account synching, and distributed admin privileges to limit control and authority.

 

To take it to the next level, Blox uses “Read-Only” access to provide a one-way window into your companies crypto accounts and information. That means no actions can be made in real life while using the Blox platform.

 

 

Eliminating Dependence On Spreadsheets With Automated Solutions

 

When it comes to spreadsheets, a tool millions around the world use for business, most people never consider the lack of security until it’s too late. The Blox platform provides comprehensive security to offset the risks that businesses face when relying on Google Sheets and Microsoft Excel, for storing and managing sensitive crypto financial data.

 

Google Sheets

 

    • Shares information on a massive scale between people inside and outside of an organization
    • Employees are one-click away from enabling public visibility and editing from outside your network
    • The open and collaborative nature means private data does not have guaranteed security
    • Manual entry is prone to human error and input mistakes

 

Microsoft Excel

 

    • Only built for a single user in an off-line scenario
    • Excel files are usually shared via email between people in or outside of the organization
    • Very poor permissions and security controls can leave your information insecure
    • No dedicated tools for accountants and bookkeepers such as audit trails and automated inputs
    • Can be easily shared with the wrong person with no ability to revoke access

 

Blox was built with safety and security in mind.

 

    • Blox does not allow our platform to publicly expose your data or share it with the wrong person in or outside of the organization
    • Collaboration becomes seamless, simple and secure with privileged access settings for each user.
    • Empowering accountants and bookkeepers with dedicated tools built just for them.
    • Read-only access for a one-way window into a company’s crypto assets

 

(Read more about security in full here)

 

 

If you can’t already tell, the future is bright for crypto accounting, tracking and management. Blox is perfectly primed and ready to scale to absorb the pending volume of users that require our powerful features to support the expected rise of blockchain transactions.

For businesses, enterprises and professionals seeking automation, precision accuracy and powerful tools and features, Blox is the platform they can count  on.

 

 

Enrich Your Knowledge

 

Understanding Security for Crypto Management & Accounting

Navigating Cost Basis for Crypto

Why Managing Crypto Assets Is Different From Fiat

Beginners Guide & Checklist for Crypto Management

What To Look For In Your Crypto Accounting Platform

 

Try us for free and get started today!

 

Blox – a platform you can count on.

 

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