Big Four " accounting firms creates a consortium blokcheyn

The representatives of the four largest accounting firms intend to meet with the American Institute of Certified Public Accountants (American Institute of Certified Public Accountants), to discuss the creation of a consortium blokcheyn.
The event will take place at Microsoft headquarters in New York? It marks the first meeting between experts on blokcheynu of Deloitte, Ernst & Young, KPMG and PwC. Together, these four firms have created revenue of $ 123.7 billion last year.
The meeting is organized by Consensys, Ethereum using technology, but participants will consider a wide range of possible solutions blokcheyne.
According to the head Consensys, Griffin Anderson, a series of round tables will focus on how the audit sector could work together to develop new standards in the industry blokcheyna.
Anderson said: "We gather together experts in the field of blokcheyna to explore and define the methods and the creation of a joint account blokcheyn consortium."
According to Anderson, who helped organize a one-day meeting, the objective is to determine exactly how blokcheyn help companies carry out their work more effectively, no matter which network they decided to use blokcheyna technology.
The guest list for the event are about 40 people from various companies, including Campbell Pryde, CEO and president of XBRL US, which helps to keep track of business reporting, widely used in the financial industry.
In addition, among the invitees were representatives of Grant Thornton auditing and consulting firm, which last year sgeneririrovala revenue of $ 1.53 billion., And of Microsoft, which is currently engaged in the integration of cloud BaaS platform (blockchain-as-a-service, blokcheyn as a service) in the test mode on its cloud-based Azure platform.
Industry-wide interest

The participants said that the idea of ​​an accounting-based consortium is very interesting leading strategist blokcheyna technology Ernst & Young, Angus Champion, is interested in a consortium to help apply the breakthrough technology of distributed power.
Initially blokcheyna technology was seen as a possible threat to the financial sector, but now many see it as a potential for the optimization of many repetitive tasks and generate entirely new forms of revenue.
Senior Partner, Ernst & Young, Scott Zimmerman, explained that his company is taking part in today's meeting in order to "go ahead of progress" so that his colleagues will not be caught off guard when blokcheyna technology will change the accounting methods
Zimmerman, who focuses on innovation audit, said:
"Some believe that the transition may take up to 5 years, but just as with the Internet, you never know how quickly this can happen."
Based on past

The meeting included a presentation on Consensys technology and its potential applications in the areas of accounting, focusing on Ethereum as a specific example. Also on the agenda will be the presentation of "triple entry accounting", led by intelligent contract Balance3, which is associated with Consensys.
Later, the participants will discuss possible ways of cooperation during the session of round tables, which are closed to the public.
Organizers say that taking part will be able to talk more openly about the idea of ​​creating a consortium, and what efforts it will make to each of the firms.
While organizers say that the efforts to create a consortium is still at the very beginning, the concept was a good one for the big players to work with potentially revolutionary technology.
In the financial sector at the moment more than 50 of the largest financial institutions are involved in the banking consortium R3 CEV, and this year there are cross-industry consortiums in various industries around the world.