By default your Totem Identities are private
It is important to understand that everything that happens in Totem is attached specifically to a single Identity. Each Identity is the owner of it's own actions.
This is another of many key principles behind Totem. We call it "The Self-Sovereign Principle". It means that each Identity is in charge of it's own data, its own actions such as sharing, and its own funds.
Totem knows nothing about the Identities that you create or share. No personal information is needed to create an Identity or share it.
Totem Live Accounting can function as standalone accounting software.
However, where it really shines is when it is used to connect business partners and other contacts. This creates a network of channels between you and your customers, suppliers, friends and family.
Once you have these connections you will see everything you do in Totem is magically accounted for without you having to do anything.
The is the real power of the peer-to-peer network.
With every other accounting software it is impossible to connect random people because all our competitors operate centralised systems, not peer-to-peer public blockchain networks.