summitto careers

Summitto is building the world’s first blockchain based, real-time, decentralised, and most importantly confidential triple entry accounting system in order to fight VAT fraud.

Each year, EU governments miss around 151,1 billion EUR of VAT income. This "VAT Gap" has been around for many years, and shows no signs of disappearing.

We see a better path forward by building on the insights of existing proposals. A confidential blockchain protocol allows companies to remain in control of their data and to register their invoices in a confidential manner.

By registering every invoice in a publicly verifiable network, society will progress from a double-entry to a triple-entry accounting system. The integrity and authenticity of invoices is guarded by the public registration, which makes companies automatically compliant and eases access to services like audits, archiving, reporting and factoring for businesses of all sizes.