3000 BC

Ancient Egyptians create the first physical accounting ledger on papyrus scrolls for basic bookkeeping of goods.

15th Century

Luca Pacioli introduces the system of double-entry accounting as trading starts scaling globally.

20th Century

Computer technology led to on-premise ERP solutions and was hard to maintain and expensive to implement.

21st Century

The internet and Web2 applications bring cloud-based solutions to digitize accounting processes.

Today

Web3 is complex and fragmented, and current Web2 accounting solutions cannot keep up with it. Teams are reverting to sheets.