Domino enables the members of a community to create a community credit system, extend credit to one another and send and receive payments. This is accounting software that doesn’t just track activity after the fact, it facilitates it in real-time.
Domino payments make use of programmable business logic through Smart Agreements that can automate even complex processes, without needing some company in the middle.
In contrast, traditional accounting software or even Enterprise Resource Planning systems like those created by companies like SAP and Oracle run on centralized servers controlled by the vendor, giving them power over your company or community.
Domino doesn’t require a corporation in the middle to operate. Instead, Domino enables your community to create its own internal system for recognizing contributions – i.e. paying one another – and runs peer-to-peer on the devices of its participants. Services can be added, but from the foundation, Domino’s architecture puts each participant at the center of the network.
In addition, Domino is flexible. Most software systems are built to serve centralized, hierarchical organizations. Domino, in contrast, can be used by small businesses, multinational corporations, municipalities, non-profits and even (especially) organic communities or decentralized organizations. However your community happens to have structured its relationships — Domino can be customized to suit your needs.