The Accountant Quits Podcast

The topic of blockchain education is dear to my heart, which is the very reason why I started this podcast. Once you start your blockchain education journey and start digging, it truly is never ending. But you have to start because use cases with blockchain will be omnipresent in every industry in the years to come and we have only barely scratched the tip of the iceberg so far. Like most people working in this industry, I have self taught my way into blockchain, but more and more universities and online educational platforms are exploring offering courses to meet the demands of this relentlessly expanding landscape. According to the LinkedIN Learning Report 2020, blockchain ranked first in the most in demand hard skill. To discuss this topic, I have the pleasure to have Vincent Hoffmann, the COO of HTML Coin & AltHash University, who has been dedicating his working hours in the past years to educate a global community of learners. In this episode we will discuss; The challenges faced by companies to hire people with blockchain expertise; The approach of AltHash University to design their courses; How can blockchain technology transform Higher Education; The future of education and the importance of lifelong learning; And much more. Blockchain is not Bitcoin, it’s the technology behind Bitcoin, and in this episode we dive into why your future self will thank you for learning blockchain today. 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/  LinkedIN: linkedin.com/company/the-accountant-quits

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/  LinkedIN: linkedin.com/company/the-accountant-quits

Imagine owning a piece of the ‘Mona Lisa Painting’ or the ‘Colosseum’ in Rome? No I’m not saying you would have to invest your life savings into them, but any amount you desire. $10 , $1000, it’s up to you. With blockchain, you will have the ability to convert a physical asset into its digital form, and be able to fractionalize the asset for trading. Imagine a world where you can tokenize anything - not only the traditional assets like stocks, bonds, commodities and real estate. But also more exotic assets like art, wine, cars, sports teams. It’s a use case of blockchain I’m incredibly excited about but have an extreme ignorance of how it’s being done in practice. To learn more about tokenization, I speak to Sabrina Boudefar, a blockchain advisor and tokenization expert who has founded STOk Capital. If you are new to blockchain, consider this episode as a tokenization 101 class, where you will learn; What tokenization really means and how real world assets can be moved onto a blockchain;´ What makes tokenization appealing to low to mid income investors with fractionalization; Use cases of tokenization already on the market today; What are NFTs and their uses cases other than art collectibles; 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/podcast/ Follow The Accountant Quits: Instagram: instagram.com/theaccountantquits/  LinkedIN: linkedin.com/company/the-accountant-quits

The topic Triple Entry Accounting was introduced on this podcast in Episode 4 with Juan Ignacio Ibanez. For the listeners not familiar with the idea, Triple Entry Accounting is an evolution of the double entry accounting system, and it uses blockchain technology to overcome the trust concern in bookkeeping. I was curious to unravel how companies are using the theoretical concept of triple entry accounting to gather empirical evidence and commercialize it as a service. The challenge for use cases in blockchain is to move from proof of concept to commercialization while achieving scalability, cost effectiveness and security. For the first episode on a series dedicated to how #TripleEntryAccounting can be used as a service, I have the pleasure to have Torje Vingen Sunde, the Chief Technology Officer from Abendum Abendum has developed a beta version of their triple entry accounting offering using a public blockchain and has been testing it with the help of the Norwegian regulator using a sandbox environment. In this episode, you will learn; How Abendum has created a product using the idea of Triple Entry Accounting; How an invoice gets digitally signed and recorded on a public ledger in practice; The challenges and conclusions learnt from the beta version of Abendum so far; The key enablers to transition from double entry accounting to triple entry accounting; The future role of accountants with automation; 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. 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/podcast/ Follow The Accountant Quits: Instagram: instagram.com/theaccountantquits/  LinkedIN: linkedin.com/company/the-accountant-quits

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. 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/podcast/ Follow The Accountant Quits: Instagram: instagram.com/theaccountantquits/  LinkedIN: linkedin.com/company/the-accountant-quits

In this episode, I want to invite accountants and auditors to reflect on how the profession is today and what needs to change in the wake of emerging technologies like Blockchain, Artificial Intelligence and the rest. These technologies are bringing more and more automation to the profession, and therefore should accountants be sitting on the sidelines witnessing for this change to happen or rather participate and evolve? I do not have all the answers on what needs to be done, but this is an inquisitive attempt to encourage more discussion on this topic, which from what I see is lacking from the leading professional accountancy qualifications 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. 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/podcast/ Follow The Accountant Quits: Instagram: instagram.com/theaccountantquits/  LinkedIN: linkedin.com/company/the-accountant-qui

The emergence of blockchain will not spare any industry, and would you believe it , not even the auditing industry. An audit does not provide absolute assurance on the truth and fairness of the financial accounts since it does not verify 100% of the transactions, but adopts a sampling approach. As a recovering external auditor, I wanted to know whether blockchain technology can solve this pain point? Yes it can. Enter AuditChain, the world’s first decentralized continuous audit & real time financial reporting protocol ecosystem. This time by including 100% of the transactions, a network of independent CPAs and Chartered Accountants provide external assurance on the controls, financial data and disclosure requirements. If Satoshi Nakamoto will go down in history as the inventor of the world’s first peer to peer payment system without central intermediary with Bitcoin, Jason Meyers, the inventor of AuditChain, will be remembered for being the pioneer of decentralized continuous audit. Jason is currently developing the only known use case of blockchain for the auditing industry with AuditChain, and bringing some much needed change with real time assurance and financial reporting. In this episode, you will learn; What decentralized continuous audit really means; Why real time financial reporting is necessary; The challenges ahead to transition from traditional audit to decentralized audit; How NFTs can be used not only as art collectibles but as a monetization opportunity for accountants; 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. 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/podcast/ Follow The Accountant Quits: Instagram: instagram.com/theaccountantquits/  LinkedIN: linkedin.com/company/the-accountant-quits

All of you will be familiar with a double entry accounting framework, the bookkeeping system where all debits must be equal to the amounts entered as credits. But even if your accounts are balanced, that does not necessarily mean the reporting figures are free from misstatements, whether due to fraud or error. Which is the reason why audits are required. Triple Entry Accounting allows for a shared ledger and with the advent of blockchain, this shared ledger can now be trusted due to the inherent features of cryptography. When I first read Triple Entry Accounting,I had the firm conviction that if what this accounting framework promises in theory could be applied in practice, it can be set to revolutionize the future of bookkeeping. In this episode, we discuss; The limitations of the current double entry accounting system; What triple entry accounting really means and how blockchain has made the idea viable; Use cases and examples of companies building business applications using the framework of triple entry accounting; Challenges and solutions to accelerate adoption of triple entry accounting; And many more... My guest for the episode, Juan Ignacio Ibañez is the Centre Administrator and a Research Associate at the Centre for Blockchain Technologies of the University College of London.  Juan has spent the last few years studying various aspects of triple-entry accounting with blockchain, and has co-written several papers on the subject matter. The papers are; The Efficiency of Single Truth: Triple-entry Accounting REA, Triple-Entry Accounting and Blockchain: Converging Paths to Shared Ledger Systems Triple-entry Accounting, Blockchain and Next of Kin: Towards a Standardization of Ledger Terminology You will find all the shownotes, transcripts and links to the episode on the website of The Accountant Quits.

With the launch of Ethereum in 2014, for the first time ever, we could program decentralized applications that run on a blockchain. But in order to become mainstream, their inherent security is of paramount importance. If poorly coded, these smart contracts are vulnerable to hacking. With a significant amount of funds locked into these smart contracts, the losses can be irreversible for the investors. One way to mitigate the risk of having smart contracts exploited by hackers is by having smart contracts audits. Smart contracts can be transformative but the only way to get there is if people know with certainty that money cannot be stolen from their smart contract. Stefan Beyer is a consultant in Distributed Ledger Technology and Cryptography focusing on blockchain architectures and smart contract security and has under his belt more than 100 smart contract audits. Stefan has recently co-founded Oak Security, a company offering security auditing services for a number of blockchains, with a special focus on third-generation blockchains such as the Cosmos, Terra, and Polkadot ecosystems. In this episode, we discuss; Smart contract audits and common mistakes for developers writing smart contracts; Planning a smart contract audit and how should the client prepare; The evolution of smart contracts and new concerns faced by auditors; Vulnerabilities of smart contracts leading to hacks; Where to start to become a smart contract auditor and blockchain programming languages available; And many more... For shownotes/links to the episode, please visit www.theaccountantquits.com 

With more and more companies looking to invest in bitcoin and other cryptocurrencies as an alternative to traditional investments like bonds, stocks and so forth, an important consideration for these companies involves the risks and controls in place for owning such assets. One of these significant risks lies in custody. Will the company keep custody of the assets itself, or will it rely on third-party providers? Custody of cryptocurrencies requires a new kind of infrastructure, and connectivity to the internet is the intersection where solutions for custody diverge. For Episode 2, I have the pleasure to have Lior Lamesh, the co-founder of GK8. GK8 is a Tel-Aviv based blockchain cybersecurity company which provides an enterprise-grade custody platform that enables financial institutions to execute their blockchain transactions risk free from cyber attacks. To achieve this, the company has developed the world’s first true air-gapped vault with no internet connectivity, or in other words an offline system for transacting cryptocurrencies. The company’s slogan speaks for itself - You can’t hack what you can’t reach. Lior earned his expertise in cybersecurity while serving in Israel’s elite cyber team in charge of protecting the country’s strategic assets from state-level hackers, reporting directly to the Prime Minister's Office. An expert in both cyber-attacks and cyber-defense, Lior leads the development of GK8’s and his vision is to make hacking private keys and blockchain assets impossible. Enjoy the episode..