#82: Managing Data in a Multi-Blockchain World with Noves

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The Accountant Quits Podcast

Umar Mallam Hassam

101 episodes

1 week ago

Welcome to The Accountant Quits podcast, an idea born from an inquisitive attempt to find one’s calling. I’m Umar and I will be your host on this series where we look into the impact of blockchain in accounting. From topics around the accounting treatment of cryptocurrencies, the new framework of triple entry accounting, the challenges at hand for audit and tax, and many more, we will look into how the profession of accounting is evolving and how accountants should prepare themselves for the future of work. Website - www.theaccountantquits.com

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#82: Managing Data in a Multi-Blockchain World with Noves

The Accountant Quits Podcast

40 minutes 30 seconds

11 months ago

#82: Managing Data in a Multi-Blockchain World with Noves

As the number of new blockchains and protocols continues to surge, accountants face an increasingly complex challenge in reconciling on-chain data.

With no universal standard for blockchain data, and significant variations in how different chains operate, the task becomes even more daunting.

Accountants are not engineers, they rely on tools like sub-ledgers and tax tracking platforms to handle crypto accounting and tax compliance.

To help us understand how to navigate through managing data in a multi-blockchain world, I spoke with Ben Roy, the CEO & Co-Founder at Noves.

Noves offers infinite scalability in on-chain data coverage, enabling seamless retrieval and transformation of data from any chain.

Instead of merely providing raw data, Noves enriches and standardizes it into useful formats tailored for accounting and tax purposes.

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For show notes and past guests, please visit ⁠⁠https://www.theaccountantquits.com/podcast

Topics covered;

(0:00) Coming Up

(0:55) Episode intro

(2:49) Noves origin story

(4:32) The current state blockchains, protocols, & tokens

(8:06) Why isn’t blockchain data formatted for accounting and tax reporting

(12:24) Will onchain data become more standardized

(14:22) Should sub-ledgers tackle the data problem

(16:25) What should be the sub-ledger role

( 18:50) Thanks to our sponsor Octav

(20:31) How does Noves help with managing onchain data

(22:56) Use cases for Noves

(24:27) How can accountants use Noves

(26:27) API products

(29:06) Thanks to our sponsor Request Finance

(30:46) Positioning against competitors like Datai, Octav, DeBank

(33:55) AI agents for onchain data

(37:50) Closing thoughts

(39:42) Reach out to Ben