The Accountant Quits Podcast Episode 10 | Anthony Nixon on Blockchain for Enterprises with Corda
This is the 2nd episode focused on Blockchain for Enterprises, and after Hyperledger, we dive into the other market leader Corda, designed by R3.
From the get go, the team behind Corda wanted to solve the pain points of the financial services industry, tainted by duplicated and inconsistent data.
And of course the team resorted to using a distributed ledger and blockchain technology.
Even if Corda first started with banks, it’s a myth that Corda is just for finance. Corda is for all industries, and has been adopted in healthcare, insurance, energy, trade and more.
To help us learn more about how Corda can transform business, I have the pleasure to have Anthony Nixon, a Software Engineer at R3, who specializes in Digital Asset solutions and Payment integrations.
As a former Developer Evangelist, Anthony enjoys articulating and sharing the world of DLT/Blockchain through simple, real-world discussions accessible to a broad range of audiences.
Anthony is the proof that accountants can evolve - As a Chartered Accountant, he taught himself to code and became instrumental to Corda’s current success.
In this episode, you will learn;
- What Corda is and the business problem it aims to solve;
- How will banks evolve in the future;
- The best use cases of Corda;
- Whether it’s possible to use Corda to build the same financial mechanisms of the Defi space;
- How tokenization works with Corda;
- And much more;
This episode is brought to you by AuditChain - the world's first decentralized continuous audit and real time reporting protocol.
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.
If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes. It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. Together we can help accountants prepare themselves for a blockchain future.
For show notes and past guests, please visit theaccountantquits.com/podcasts/
Follow The Accountant Quits:
Instagram: instagram.com/theaccountantquits/