Verady’s CEO and Co-founder, Kelly Canty, had the honor of participating in episode 18 of the Georgia Fintech Academy where he discussed digital assets, defi, and how Verady has achieved success with Georgia State University’s Tariq Waseem.

Decentralized finance (also called "defi") has raised a lot of questions: Is it safe? Is it going to last? How do we responsibly confirm it? What are considered "taxable events?" The list gets longer every day.

But, regardless of level of personal trust, digital assets and decentralized finance are absolutely here to stay. The IRS has released a draft of the 2020 tax form that shows they have moved the question regarding digital assets and crypto from Schedule 1 to the first page of the 1040 so that ALL taxpayers are required to disclose their digital assets. Accounting and tax professionals need to be prepared.

In this podcast crypto expert Kell Canty discusses decentralized finance as he “unpacks” defi how it puts finance on the blockchain.

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Verady CEO and Co-founder Kell Canty joins Dr. Sean Stein Smith on this 20 minute podcast episode to discuss the current landscape of crypto and blockchain. Not just what it is, but how we need to operationalize this information and these tools inside businesses and firms. More and more businesses are wanting to utilize crypto for both B2B and B2C applications. Blockchain will be revolutionizing the world of payments moving forward. Check out what's going on in this podcast from Wall Street Blockchain Alliance.

For more information on the current landscape of crypto and blockchain head on over to our blog page or click here to give Ledgible Tax, a trusted partner of Thomson Reuters, a free trial. Our blog features a wide array of articles and news stories related to what's new and important in the cryptocurrency industry as well as accounting, and often tying the two fields together.

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