Blockchain Might Remake Accounting - Tom Hood Discusses Big Data and Blockchain Technology | BLI

[@v.s.s.s2960]

Wow such a wonderful presentation Mr. Tom. Thank you so much.. 😊😊

[@birgirkarl]

Thanks for a great video and your clear explanations. CPA here and I have been trying to wrap my head around this technology and it's realistic usability for accounting and auditing. There are many classes of transactions that can fall under blockchain decentralization but I just can't imagine how the block can also include transactions relating to eg. accounting adjustments (valuations, deferrals, depreciations etc.) and still be "fully verifiable", as is the fundamental premise for this, still imminent revolution. Internal transactions without any counter parties will always be a big factor in financial reporting. If data is left out of the blockchain, things get pretty much watered down although the 'Third ledger' will have substantial informational value. The controls are still leaky. Besides aspects relating to data access management, standards for create/read technology and incentives for mining. How decentralized will this be, geolocations-relations (international trade), who will want to mine the hashes and how will peer-count be guaranteed, are all questions which I haven't seen a believable answer for. I'd say there are still some big road-parts missing before this highway can open for real.

[@jaimerodriguez1550]

I definitely feel more future ready. Thank you!

[@michaelyang7547]

Best video ever， thanks alot！！！

[@thinktank6247]

Great presentation. .!

[@anirudhjain2278]

I am a student enrolled in the CPA course. I too feel that technology will be a great factor in future. What can I to be future ready? Any specific course?

[@Countcho]

learn to code and about blockchains in addition to your CPA. knowing how to streamline accounting and auditing processes will make you super valuable

[@BrianPex]

Get out of accounting.

[@kristenwest6941]

I really liked this presentation. Will there be more videos from you in the future?

[@anaskhan-fd5cr]

best explanation.

[@rishadbsb3757]

Cant help thinking of barter and value , in the traditional markets the curreny and entity provides it, it would be interesting on how we evolve the counters

[@jasonshapiro4155]

can we get these slides anywhere?

[@rahultharayil]

Even I want the slides of it ..can I sir ??

[@melodylei6320]

Thank you, Tom, I just begin to touch Big data and Blockchain. I know they will be the future, but as an accounting student, there are few people around me can tell me what's the relationship between them and how can I think those technologies in Accounting & Finance side. I'm so excited to watch this video and hope can watch more.

[@MrMikomi]

Seems to me, based on this video you should switch from Accounting to Computer Science.

[@kwodwoamonoograham3380]

@@MrMikomi Not necessarily.

[@NotBen101]

blockchain is in freshman year it didn't get to intermediate I where they fail half of the class.

[@paddyrobb8436]

bro just read off the powerpoint for 35mins