The Cardano Foundation has released Reeve, an open-source 'ledger on the blockchain' to bring corporate finance and audit trails onto an immutable on-chain platform.
Reeve bridges ERP suites with the Cardano blockchain, ensuring cryptographic guarantees for financial data without requiring firms to abandon their existing systems.
The technical architecture of Reeve, known as 'Ledger on the Blockchain (LOB),' is designed to streamline integration for additional ERP connectors or ESG-reporting extensions, aiming to boost transparency and trust in financial data.
The Cardano Foundation is seeking pilot partners for Reeve to enhance transparency in various sectors like NGOs, publicly listed corporations, and governmental bodies, with initial testing available for developers on GitHub.