Paul drives EY initiatives and investments in blockchain technology across consulting, audit and tax business lines. He has held a number of leadership positions in the areas of internet of things, supply chain and operations and business strategy, working with many client organizations. He led EY first blockchain strategy engagement, examining how digital services, payments and internet of things are coming together in new ecosystems, and building a strategy and technology road map for one of EY’s major clients.
If I had to make a bold prediction. I think by the end of 2021 at least one major financial institution will up the game on everybody else by offering some form of consumer DeFi, accessible through their single transactional window to a large consumer base.23 March 2021
This means purchase orders, invoices, receivables, inventory — everything in traditional business-to-business processes should be ready to integrate into a DeFi ecosystem.23 March 2021
Looking ahead in 2021, EY teams will continue to explore expanding the Tax Calculator beyond the US, providing individuals with a centralized management technology to simplify the challenges associated with crypto tax. Developing an expanding set of tax capabilities to support both individuals and enterprises is a key component of the EY strategy to assist clients with business transactions, including cryptocurrency activities on enterprise blockchains.23 March 2021