Cardano Just Dropped Reeve—And It Could Shake Up Enterprise Finance

Key Points

1. Reeve is an open-source 'ledger on blockchain' (LOB) tool published under an Apache 2.0 license, aimed at helping businesses transition from traditional systems to immutable on-chain environments.

2. The tool splits responsibilities across discrete Java modules, including a reporting core, blockchain publisher and reader services, and a NetSuite Altavia adapter, to simplify integration for enterprises.

3. Reeve focuses on improving transparency, simplifying reporting, and reducing risks associated with conventional financial platforms.

4. The Cardano Foundation has initiated a 'soft launch' of Reeve, with early adopters expected to include NGOs, governmental bodies, and firms needing verifiable financial data.

5. At the time of the announcement, ADA (Cardano's native token) was trading at $0.60.