News about cryptocurrency and blockchain is practically ubiquitous today, to the point where one might think old-fashioned sovereign money is all but dead. Yet while accounting thought leaders generally agree that crypto and blockchain (the technology that underlies cryptocurrencies) hold much promise for the profession, it remains unclear as far as how they can benefit the accountants specifically.
David Cieslak, executive vice president and chief cloud officer of RKL eSolutions, noted that, when it comes to blockchain at least, accountants are still struggling to figure out what to even do with it, let alone implementing it at their firms. The profession, he said, is still looking for uses beyond just mining cryptocurrency; while there is some innovation, he believes it’s “still largely not anything at scale.”
“It’s basically a database in the cloud, in its most straightforward form, and the applications, the things we can do with blockchain are going to be pretty tremendous, but...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...