Crypto and Bitcoin get all the hype. However, there is so much going on in the background so to speak with this exponential technology.
We talk to expert CPAs who are very passionate about Blockchain. They all strongly believe Blockchain will change their profession. We agree.
This discussion was sparked by the recent news of Walmart pushing blockchain onto its suppliers. What does that mean really? Are farms supplying to Walmart going to need to hire blockchain developers? One thing is for sure, Walmart is making a huge push so blockchain is not going away. Probably the first person these farms may turn to is their accountant.
This leads us to an industry changing transformation where today’s accountants will need to re-skill and re-invent themselves as technical accountants for tomorrow. Also, what will CFOs of the future look like? How will they work with CIOs and engineers?
We discuss these topics and so much more in this fascinating conversation.
2:15- Original internet vs. internet 2.0
9:37- What's the big box up to? What's changing in accounting?
13:38- Will accounting firms rise to the challenge?
25:21- Business ops challenges in a more technical world
30:29- what lurks beneath the surface? How does an organization start/navigate?
37:31- Where can professionals start the education process?
John W. Masotti is the Founder of MM Blockchain Advisory, LLC and the managing partner of Masotti & Masotti, LLC, a multi-generational CPA firm founded in 1960. John is a member of the Advisory Board of the Yale School of Medicine Eye Center. He is also a member of the American Institute of Certified Public Accountants, Connecticut Society of Certified Public Accountants, New York State Society of Certified Public Accountants, and the Institute of Managerial Accountants. He is a Certified Blockchain Expert, which is a certification offered by the Blockchain Council, of which he is also a member. He is also a Certified Bitcoin Professional, which is a certification offered by the Cryptocurrency Certification Consortium.
Sean P. Larkin is the Founder of LBC, an Outsourced CFO Firm based in Fairfield County, CT which specializes in Blockchain and Cryptocurrencies. LBC is strategically aligned with Blockchain Advisory MMBA and is currently engaged in numerous areas within the blockchain and cryptocurrency space. He is a Member of the Blockchain Council and has received Certifications as Certified Blockchain Expert and Certified Hyperledger Developer. He is also a Certified Bitcoin Professional, which is a certification offered by the Cryptocurrency Certification Consortium. He advocates individual and corporate education of the cryptocurrency and distributed ledger markets as a necessity in today’s environment.
Vince LoRusso, CPA is the Chief Product Officer at Trueup.co. With over 10 years experience in the field, he started TrueUp, a gamified learning platform that helps companies measure and benchmark skills of professionals whether to validate job candidates or identify employee skill gaps so you can personalize training. TrueUp is one of four companies selected as a finalist in the AICPA and CPA.com Startup Accelerator and thanks to the Association they are driving talent skills forward and empowering professionals to go beyond their limits.
Fahad has a B.S. in Electrical Engineering and an MBA. He brings over 15+ years in Business Development, Strategy, Sales, Product, and Marketing in various industries such as software development and Internet of Things (IoT). His experiences have led him on an unwavering pursuit to meet thoughtful people and build thoughtful software.