Transfer funds in one click
Use Blockchain Operation Journal to prepare a transfer. A transfer can be either internal (betwen two owned account) or to a third party (customer, vendor).
- Select the blockchain network, the source and destination address
- Set the currency and amount to transfer. Amounts are also avialables in local currency, using latest exchange rate
- Set the Fee level according the desired execution speed. Fee amount are calculated accordingly
Approval workflow can easly be configured with multiple approver levels and amount limits, just like standard Microsoft modules.*
Once a line is ready, a simple click on « Submit Transaction » will broadcast it to the Blockchain network. The transaction become public and its unique identifier is stored on the journal line until the transaction is confirmed.
Execution state
Depending the fee level selected and the network condition, a transaction is validated from a second up to hours. Network such as Solana, Polygon or Ripple have near-zero fee with confirmation time about 5 seconds.
On the other hand, Bitcoin transaction can take severals minutes up to hour. In such case, it is possible to open transaction state in a Blockchain Explorer directly from Business Central link.
Once the transaction status is confirmed, it’s removed from the journal and the system proceed to post accounting.
Automated accounting
Validated blockchain transaction trigger general ledger entries posting and auxialiary accounting if the destination is owned by a thirdparty using standard Microsoft functions.
In such case, the blockchain assets account is devalued in favor of the third party.
Payed fees are posted in separated account, according the general setup.
The set of generated accounting is keept linked with the blockchain transaction, and respect the standard architecture of Microsoft ledgers.
