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Episode 20 · Blockchain · Dec 30th, 2021
Jay Schulman on Where to Pay Attention to Blockchain in 2022
Jay Schulman
National Leader for Blockchain & Digital Assets @ RSM US
What We Discuss With Jay Schulman
Instead of focusing on a single overarching theme for the last episode of the year, I wanted to unwind a very eventful year of 2021 and look into what awaits us in 2022 from a broad perspective.
Jay is charismatic in nature and extremely versatile in his crypto knowledge and I encourage you to pay attention to the nuggets of valuable information he shares in the episode.
In this episode, we will go through;
- The hot topic of NFTs and new use cases other than digital art;
- Why DAOs are the future of work;
- The promise of web3 for the accounting and audit industry;
- New Career opportunities with Blockchain;
- Crypto trends to pay attention to in 2022 and much more.
Show notes
- Jay shares the story of how he discovered and got into blockchain, even though it was always an extension of what he’d been doing [2:17]
- The highlights of crypto in general for Jay in 2021 (El Salvador Legal Tender, different layer 1 explosion, highest NFT sale, Tesla buying Bitcoin, etc) [5:16]
- What is an NFT (the concept of fungibility) and what are the use cases other than digital art [9:27]
- What are Decentralized Autonomous Organizations (DAOs) and are they the future of work [19:55]
- Why will DAOs be disruptive according to Jay [23:13]
- What are the challenges faced by DAOs (governance for example) and the employment opportunities available [27:42]
- What does 2022 hold for DAOs [32:55]
- The new opportunities for the accounting industry to transition to Web3, and and Jay provides the analogies to help us differentiate Web1, Web2 and Web3. [37:33]
- Can centralized players innovate in Web3 but retain central control , and will we have hybrid players offering a mix of both [47:24]
- What are the areas that RSM is focusing on for blockchain adoption [50:13]
- Is RSM developing some proprietary blockchain technology [54:34]
- How can accountants leverage on their existing skills and apply them to blockchain [55:50]
- Jay’s advice on how can anyone can involved with crypto [58:32]
- The upcoming challenges that will be on the Agenda of the AICPA Working Group for the Accounting and Auditing of Digital Assets [1:02:09]
- Jay advises to learn the space in such a way that you can find the signal through the noise [1:07:30]
