Avalara Tax Software Giant Bullish on Blockchain

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Tax software company Avalara plans to further disrupt the status quo in what they call the ‘scintillating’  world of sales tax management by pivoting hard to Blockchain technology solutions for the industry.

According to a report in Accounting Today from writer ,  Avalara executive vice president of engineering Peter Horadan compared it to innovations like the cell phone.

“It’s not just about financial transactions or Bitcoin,” Horadan said during Avalara’s Crush New Orleans conference Wednesday. “It’s something that can be adapted to the work that we all do and it may affect the future of how we do our jobs.”

He noted that Nasdaq has begun trading securities using Blockchain.

“Ultimately Blockchain is a shared public ledger,” said Horadan.

“What’s happened is that the technology has really grown beyond Bitcoin because people have realized this technology has great application beyond Bitcoin itself,” said Horadan. “It can actually transform a whole bunch of business processes.” The blockchain tracks ownership and has properties such as synchronization. “We have a shared ledger where we all have a view of the ledger,” said Horadan. “Imagine us all looking at this set of journal entries and we can all see the same thing.”

“When we get up every day, we know we’re swimming with the current, and we’re trying to accelerate the inevitable,” said McFarlane. “We all know this is going to be automated over time. Nobody’s going to be doing what we do in manual fashion 10 years from now or 15 years from now. All we try to do is get out there and accelerate what’s happening.”

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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