Big Four Accounting Firms Meet to Consider Blockchain Consortium

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Aug 11, 2016

On August 11, 2016, the Blockchain representatives from each of the 'Big Four' accounting firms are set to meet with the American Institute of Certified Public Accountants to discuss establishing a distributed ledger consortium.

Held at Microsoft's headquarters in New York City, the event marks the first meeting between blockchain specialists from Deloitte, Ernst & Young, KPMG and PwC. According to ConsenSys head of blockchain accounting, Griffin Anderson, the series of roundtable discussions will center on how the accounting industry could work together to develop new blockchain standards.

While organizers say the accounting consortium effort is in its early stages, the concept itself has proven to be a popular way for established players to work with the potentially disruptive technology.

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