David Hartley

Pacio CEO

Saint Lucia, The Caribbean

Identity Theft WARNING

Some companies are using my name, with stolen signature and passport images to add credibility to their attempts to defraud people. I am CEO of Pacio Core Ltd of Saint Lucia and am not associated with any other company. If you see any use of my identity other than in regard to Pacio Core Ltd, it will be fraudulent. Please avoid being misled by any such identity use, and kindly let me know about this criminal activity via the Contact section below, thank you.

The Adventure in Progress

The David Hartley adventure has encompassed civil engineering, software for the Accounting Profession, and now distributed ledger technology which can scale to meet the world’s business and personal needs, while experiencing life in nine countries along the way.

After starting professional life as a civil engineer in Australia with the Brisbane City Council in 1966, my serious computing started in Namibia, Africa, in 1969 with the mathematical modelling of a large river basin using 100 years of rainfall data.

Back in Australia after a period working with a consulting civil engineering firm, I decided that the computing was more interesting than the engineering, and so started Hartley Computer in 1974, to develop software for the Accounting Profession. My colleagues and I developed HAPAS (HArtley Professional Accountants’ System and SHEILA (System by Hartley for Entirely Integrated Ledger Accounting), plus associated systems, ultimately including hardware (the 3900) and an operating system too - RT86, a true pre-emptive multi user multi tasking operating system for the 8086 chip, launched in 1980, 15 years before Windows PCs had that capability.

Hartley Computer was one of the first mini/PC computer vertical market successes in the world, with ultimately 250 staff and 3,000 sites in 7 countries. In the process I became known as “the father of computer client accounting”.

Then from 1985 there was Banksia Information Technology (BIT) in Hong Kong which designed and manufactured IT gear (PCs, modems, and the a voice activated fax/phone switch we called PHAXswitch)...

And so to the UK in 1993 via New Zealand, with HAPAS Mark II, named Hartley.Accountant. By 1998, my partners and I in Hartley Computer UK had gained 1,000 Accounting Practice Clients ranging from sole practitioners to PricewaterhouseCoopers.

But in 1999, my wife Caramia (number four ahem) was diagnosed with Primary Progressive Multiple Sclerosis (PPMS). My partners and I sold Hartley Computer to Sage PLC, so that Caramia and I could move to sunnier Antigua in the Caribbean, which Caramia thought would help her by boosting Vitamin D production, as it did. Caramia beat the MS with the help of sun and D but died from cancer in 2015 because of her addiction to sugar.

The adventure in Antigua covered various online projects including researching and prototyping ideas for post XBRL financial data storage and reporting (Standardised Semantic Information Model), and blockchain study - back to school at 72!

In 2017 I moved to Saint Lucia, still in the Caribbean which I had grown to love, to pursue the new Pacio venture described below.

A necessary part of the plans is staying fit and healthy for a long time, involving eating well (much less sugar and carbs, more good fats), intermittent fasting, exercising, sun for Vitamin D, taking my supplements (no meds, no doctors), and taking advantage of the extreme life extension options becoming available thanks to the fantastic longevity advances in progress, in order to be able to stay the course in a fit and healthy state.

Part of the story is told in an Australian Computer Museum Society 2021 interview in two podcasts here:
The rise of Hartley Computer and The demise of Hartley Computer and new beginnings with Pacio.


Pacio is a Saint Lucia startup with Keith Cleland and Trevor Watters joining me as founders. Pacio can perhaps best be described by its Vision statement from the Pacio whitepaper:

The Pacio Vision

The opportunity losses and costs resulting from current accounting and management deficiencies are estimated to be $23 trillion per annum today, increasing to $27 trillion by 2028 without help from Pacio.

Triple Entry Accounting (TEA) and management system TARI® by Pacio will stop the increases, then reduce them, hugely reducing fraud and improving business productivity and profitability.

A recent (from November 2022) fraud example is the FTX Alameda collapse which destroyed $20+ billion in stakeholder value and caused a $220 billion drop in crypto market capitalisation, plus a string of bankruptcies with more expected. Millions of people are being hurt by this fraud. TEA would have helped prevent this ongoing disaster through greater transparency so that any interested party could have seen what was going on, and by preventing cover ups of breaches of governance such as the Almeda “back door” around even the pitifully weak regulatory oversight of FTX.

The Tender distributed ledger technology (blockchain) systems by Pacio to implement TEA on a world scale will also enable low cost safe transfers using just a phone with no intermediaries involved, to the benefit of all, especially the currently unbanked, making mobile money a reality for everyone.

Helping to prevent fraud and cybercrime will assist in maintaining confidence in the digital age, and in seeing the benefits reach the total population. One example of that is the implementation of UBI (Universal Basic Income) schemes, which the advent of AI (Artificial Intelligence) and robotic systems will prompt in socially aware countries. Secure, fraud resistant systems (based on TEA by Pacio!) will be necessary for UBI schemes to work.

In total the economic benefits to be provided to the world by TEA, TARI®, and Tender amount to trillions of dollars annually. The human and social benefits from reducing losses to crime and business failures will also be substantial as such losses and bankruptcies cause immense stress and societal problems in addition to the direct financial losses.

By delivering these benefits Pacio can help provide the means for the world to cope with the big challenges of climate change and ageing or declining populations. In the process Pacio can become worth hundreds of billions and generate thousands of percent returns for investors.