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# System prepended metadata

title: Pragmatik - Cardano extracts

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# Pragmatik - Cardano extracts

## Problem statement 
Although they are a need for virtualy all organizations working or relating with crypto, extracts/accounting solutions and knowledge are fairly hard to find. Existing SaaS solutions are pricy, complicated although sometimes functionally incomplete, and even generating miscalculations at times. Also, accounting and legal partners are scarce globaly and also pricy and/or not fully trained.

## Proposed solution
Pragmatik - Cardano Extracts will be a Cardano-native solution for organizations to have clarity on all their on-chain transactions on Cardano, plus the ability to export them into their overall bookkeeping and management tools.
The project may evolve to a SaaS format or potentially as a 'portable' open-source tool.
The project development and success with be a joint venture between Cardano organizations and legal and accounting bureaus. Facilitating the gathering, training and a feeback loop for discovering reliable legal/accounting partners.


## Detailed solution description
Further functional specification:
Users will be able to add stakeKeys and or walletAddresses to be tracked. Pragmatik will gather all transactions and allow to curate content if necessary (remove/add redundant/missing transactions where necessary), classify/enrich movements with meta-data, and export them in the most needed formats (whether user-readable or bound for technical integration to other applications).


## Further functional specification evolution:
 - There will be the potential to evolve from an generic output standard into several application-specific formats (QuickBooks, Xero, Wave).
     - [The 5 Best Accounting Software for Small Businesses of 2023](
        https://www.investopedia.com/best-accounting-software-for-small-business-5069679)
     - [Wave Financial: Financial Software for Small Businesses](https://www.waveapps.com/)
 - Calculation of cost-basis for onchain swaps. Where prices are available, the use of costing methodologies (like FIFO LIFO HIFO) could be used to obtain cost-basis that may be relevant for tax purposes or to report Profits and Losses.

### Team:
Pedro Lucas - Experience in software development and accounting
Victor Corcino (pending confirmation) - Data Science
[Need to find developement partners]
[Need to find accounting/legal partners]

### Cardano partners to reach out to and work with:
CRFC - Cardano RealFi Consortium
CBIA - Cardano Blockchain Infrastructure Aliance
Legal DAO - for legal/accouting guidance
Maestro - as a blockchain data layer provider an possible partnership
Several Cardano/Catalyst communities

### Landing pages that can orbit this project:
pragmatik.45b.io - Project homepage
accountants.45b.io - ranked and feedback-based directory of bookkeeping organizations that are Cardano savvy
legal.45b.io - ranked and feedback-based directory of bookkeeping organizations that are Cardano savvy

### Similar tools:
Accointing
Koinly
Cryptio
...

### Reasoning for the project name / working title:
https://www.britannica.com/technology/information-processing/Elements-of-information-processing#:~:text=The%20pragmatic%20advantages%20of%20alphabetic%20writing%20systems
https://www.merriam-webster.com/dictionary/pragmatic#:~:text=relating%20to%20matters%20of%20fact
https://docs.oracle.com/cd/E19957-01/806-3571/Pragmas.html#:~:text=allows%20you%20to%20provide%20additional%20information%20to%20the%20compiler




