Pacio

Pacio is a technology company developing Triple Entry Accounting (TEA) on blockchain infrastructure, with the aim of replacing the double entry system that has underpinned accounting for some 600 years. Founded in 2017, it is building Pacio Core, a decentralised semantic data application platform intended to produce what it describes as the first Semantic Business Web - delivering transparent, immutable and real-time financial recording rather than periodic, self-reported books. Alongside the platform, the company offers a TEA-based accounting, management and auditing system designed to address known weaknesses in double entry accounting, reduce fraud and enable real-time auditing, including for legacy accounting systems.

The technical work spans blockchain and distributed ledgers, triple entry accounting, semantic data and semantic web technologies, decentralised application platforms, and financial recording and auditing technology. Sector focus covers accounting, auditing, financial services and enterprise management software.

Pacio is a team of roughly ten professionals distributed across four countries: St. Lucia, Austria, Croatia and the Netherlands. The company describes a flat hierarchy, flexibility in work location and hours, and an emphasis on output over input. Its stated mission is to build technology that makes society better.