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  • - Canadian Offer to Host International Sustainability Standards Board Is Well Supported
    - Rethinking Total Reward Strategies
    - Why Cryptocurrency Transactions Matter
  • - AICPA And CIMA Support Expanding IFRS Foundation Constitution to Include    Sustainability Standards

--by Gundi Jeffrey, Managing Editor

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Blockchain is Being Used a Lot for a Variety of Purposes

KPMG is leading a group that is using blockchain to monitor climate data and help companies to improve their footprint. IPwe has built the world’s first global patent market using blockchain. Trace Network is helping companies to create non-fungible tokens (NFTs) related to particular products that investors can buy and sell and consumers can track the development of those products. NFTs have become a big item for blockchain, which is valuable for ensuring the authenticity of the tokens.

Since there is so much mis-information and outright fraud online, blockchain provides a way to establish some much-needed trust. WindingTree used blockchain to create an open source registry that “provides real-time identification and verification of companies and their representatives.” Everest offers a financial inclusion platform to enable citizens to digitally verify their identify for public services and claim their social and economic rights. This fills a real need in some areas of the world. Carnomaly has an automotive marketplace driven by blockchain that enables users to buy and sell loans and assets without relying on a bank.

Blockchain is being used around the world for many other innovative purposes. To read more, check out this link. https://informationweek.com/big-data/blockchain-gets-real-across-industries/d/d-id/1341560?page_number=2

 

 

CPA Founding Partner

Chartered Professional Accountants of Canada (CPA Canada), one of the largest national accounting organizations in the world, has chosen to become a founding partner of ThinkTwenty20.