#82: Managing Data in a Multi-Blockchain World with Noves

Jan 30, 2025

Ask episode

Chapters

Transcript

Episode notes

As the number of new blockchains and protocols continues to surge, accountants face an increasingly complex challenge in reconciling on-chain data.

With no universal standard for blockchain data, and significant variations in how different chains operate, the task becomes even more daunting.

Accountants are not engineers, they rely on tools like sub-ledgers and tax tracking platforms to handle crypto accounting and tax compliance.

To help us understand how to navigate through managing data in a multi-blockchain world, I spoke with Ben Roy, the CEO & Co-Founder at Noves.

Noves offers infinite scalability in on-chain data coverage, enabling seamless retrieval and transformation of data from any chain.

Instead of merely providing raw data, Noves enriches and standardizes it into useful formats tailored for accounting and tax purposes.

✅ OUR RESOURCES

💌 Join our weekly free newsletter and become a confident web3 Accountant ⁠⁠https://www.theaccountantquits.com/newsletter⁠⁠

🙌 Join the next cohort of the Crypto Accounting Academy and learn how to manage a business using crypto ⁠⁠https://www.theaccountantquits.com/crypto-accounting-academy⁠⁠

✊ Follow The Accountant Quits on Socials

🎙️ Follow Episode Guest

🎧 Website

Topics covered;

(0:00) Coming Up

(0:55) Episode intro

(2:49) Noves origin story

(4:32) The current state blockchains, protocols, & tokens

(8:06) Why isn’t blockchain data formatted for accounting and tax reporting

(12:24) Will onchain data become more standardized

(14:22) Should sub-ledgers tackle the data problem

(16:25) What should be the sub-ledger role

( 18:50) Thanks to our sponsor Octav

(20:31) How does Noves help with managing onchain data

(22:56) Use cases for Noves

(24:27) How can accountants use Noves

(26:27) API products

(29:06) Thanks to our sponsor Request Finance

(30:46) Positioning against competitors like Datai, Octav, DeBank

(33:55) AI agents for onchain data

(37:50) Closing thoughts

(39:42) Reach out to Ben