Totem makes use of the peer-2-peer connectivity and real-time consensus properties of their blockchain to ensure that all parties to a transaction have their accounting records updated at the time of the event in a way that leaves no room for fraud, corruption or manipulation. The global nature of the network defies politically motivated bad actors from restricting trade between consenting parties whilst preserving goals of personal and business privacy.

As a side-effect you'll be excited to learn that Totem also takes accounting off the todo list for everyone.