Whitepaper

2019 Blockchain Symposium: Experts' Insights Indicate Growing Use Cases and Value for the Technology

Over the past few years, blockchain technology has exploded into the FinTech ecosystem, as well as various industries, evolving well beyond cryptocurrencies like Bitcoin. Already incorporated in a range of business and financial applications, its impact and use cases continue to improve as the technology matures. With this in mind, the American Institute of Certified Public Accountants (AICPA) and CPA.com, hosted in partnership with the Wall Street Blockchain Alliance, the 2nd Annual Blockchain in Accountancy Symposium. Held in September at the AICPA’s New York City headquarters, the event convened some of the profession’s brightest minds, blockchain experts, solution developers, and practitioners across service line specialties to strategize on how the community as a whole should think about, plan for, and respond to the blockchain wave. In this report, we will dive into specific use cases, insights from the Symposium participants, current regulatory status, provide updates from the AICPA working groups, and evaluate opportunities as well as challenges currently present within the profession around blockchain advancements.