The Accountant Quits Podcast Episode 7 | Karen Ottoni on Blockchain for Enterprises with Hyperledger
Amidst the noise and attention-grabbing cryptocurrency price headlines some of you are having sleepless nights on, there are many companies which perhaps you are hearing less of but who are working on how this fascinating technology of blockchain can be used to transform business.
Modern business is made up of siloed repositories of data, each enterprise keeps a separate copy of their data since there is no collective trust.
Now we do know that blockchain can solve this data stewardship problem but I wanted to understand how enterprises can overcome the data visibility concern within a public blockchain.
For the first episode of this series called ´Blockchain for Enterprises´, I have the immense pleasure to have Karen Ottoni, the Director of Ecosystem at Hyperledger, who is leading the mission of ‘advancing business blockchain adoption through global open source collaboration’.
In this episode, you will learn;
- The difference between a public blockchain like Bitcoin and private blockchain for enterprises;
- How to assess which blockchain fits your enterprises’ needs;
- How Hyperledger is helping the accounting and finance industry implement blockchain;
- How the promise of blockchain can bring real socio economic change;
- And much more..
This episode is brought to you by AuditChain - the world's first decentralized continuous audit and real time reporting protocol.
Now traditional audit methodology focuses on “materiality”, not accuracy. We are constrained by time and cannot audit 100% of the transactions, and therefore we perform sampling.
AuditChain decentralizes audit and uses an independent assurance methodology that automates auditing tasks, and continuously audits 100% of the transactions.
With AuditChain Chartered Accountants and professionals will write and own Process Control NFTs that automate internal and disclosure controls, where these NFTs pay royalties in return.
With more and more automation, accountants will increasingly find themselves becoming redundant. If you are a forward thinking CPA or Chartered Accountant, and want to participate and be in touch with the latest developments from AuditChain in decentralizing the audit profession using blockchain, you should apply for membership by visiting DCARPE Alliance.
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For show notes and past guests, please visit theaccountantquits.com/podcast/
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