Vertex Joins Industry Leaders to Launch Accounting Blockchain Coalition

Accounting, Law, Technology and Higher Ed Leaders Plan Accounting Blockchain Conference during New York City Blockchain Week in May 2018

King of Prussia, PA

Vertex, Inc., a leading provider of tax technology solutions, announced it has joined industry leaders from accounting, law, tax, technology and higher education to establish and launch the Accounting Blockchain Coalition (ABC), an alliance dedicated to educating businesses and organizations on accounting matters relevant to digital assets and distributed ledger technology, including blockchain. David Deputy, Vertex director of strategic development and emerging markets, will serve as ABC president. In addition to Vertex, ABC board members include: BDO USA LLP; BPM LLP; ConsenSys; Crowe Horwath LLP; Michigan State University Eli Broad College of Business; Microsoft; and RSM US LLP ("RSM"). The ABC will provide guidance on best practices and serve as a knowledge-sharing platform as organizations address the sweeping changes and resulting opportunities created by the implementation of blockchain technology.

"Blockchains are fundamentally changing how the world does business. The move from client/server architectures to blockchains will create new legal, tax, technology and regulatory challenges, as well as opportunities for companies. It will mean more digital assets, new business models, new financial instruments and new fundraising methods, just to name a few," said Deputy. "The ABC is focused on educating and collaborating with professionals on the impact of these changes to the accounting practice."

The ABC is forming work groups and planning monthly knowledge-sharing meetings and events. For more information or to join, visit Join the ABC at the Microsoft Technology Center in New York City to discuss the intersection of blockchain technology with accounting, audit and tax on May 17 from 8:30 am – 6 pm. Talks and presentations from leading accounting firms, enterprise users, technology experts, regulators and more will give attendees a glimpse of how blockchains can be applied to a variety of industries. Check out the full schedule of talks and panels and register for the conference.

About The Accounting Blockchain Coalition

The Accounting Blockchain Coalition is an industry association formed to educate businesses and organizations on accounting matters relevant to digital assets and distributed ledger technology, including Blockchain. Offering a platform for members to contribute their knowledge and expertise while fostering best practices, the ABC has three levels of membership - Sponsor, Promoter and Associate.

Learn more about membership benefits and how to become a member.

About Vertex

Since 1978, Vertex, Inc., has been a leading provider of tax technology and services, enabling companies of all sizes to realize the full strategic potential of the tax function by automating and integrating tax processes, while leveraging advanced and predictive analytics of tax data. Vertex provides cloud-based and on-premise solutions that can be tailored to specific industries for every major line of tax, including income, sales and consumer use, value added and payroll. Headquartered in Pennsylvania, and with offices worldwide, Vertex is a privately held company that employs over 900 professionals and serves companies across the globe.

For more information about Vertex, explore Our Company or follow Vertex on Twitter @vertexinc.

Company Contact

Marisa Norris
Vertex, Inc.
Director, Corporate Communications
marisa.norris@vertexinc.com