The European Securities and Markets Authority (ESMA) has published a call for evidence on distributed ledger technology (DLT).
We’re still finalising the outstanding lineup of speakers for April’s free, virtual Data Amplified conference, but let’s take a little sneak peek. Mohini Singh, ACA, Director of Financial Reporting Policy at CFA Institute and Treasurer of the XBRL International Board of Directors, will be taking no prisoners as she busts XBRL myths.
This is a guest post by Mohini Singh, ACA, Director Financial Reporting Policy at CFA Institute. Originally published here. Currently, many jurisdictions around the world require public companies to produce financial reports using XBRL. The myth that blockchain could replace XBRL in the production of financial information is incorrect. Blockchain is not a data standard. […]
This is a guest post by Mohini Singh, ACA, Director Financial Reporting Policy at CFA Institute. Companies generally have regulatory filing requirements to multiple parties within and across different jurisdictions – and investors are also looking to use data from varied sources. Europe is currently testing blockchain as a distribution mechanism, in the hope that […]
Mohini Singh, ACA, Director of Financial Reporting, CFA Institute and Campbell Pryde, President and CEO, XBRL US have published a blog on the XBRL US website demonstrating why blockchain and AI cannot replace the XBRL standard. We sometimes hear the argument that XBRL is old technology and should be replaced with technologies like blockchain or […]
The Securities and Exchange Commission (SEC) have released a framework to help clear up the confusionsurrounding buying and selling digital assets eg. initial coin offerings (ICOs) and cryptocurrencies. Yes, the market for crypto assets has crashed, but there is still a trickle of activity! Perhaps anticipating increased interest in the future, numerous regulators have published, […]
Data Amplified 2018 saw presentations demonstrating how entrepreneurs and reporting ecosystems are starting to use blockchain technology in reporting.
Dennis Knochenwefel, founder of Reportix, demonstrated the use of Inline XBRL and Blockchain to automate and enhance insurance contract management with “smart contracts” embedded into the system.
Digital technologies from blockchain to AI and big data to XBRL’s own computer-readable reporting format are transforming global business and the financial world. The world’s four largest auditors – Deloitte, Ernst & Young, KPMG and PwC – are working with 20 Taiwanese banks to test blockchain technology that provides a new way to conduct bank […]
The UK’s Financial Reporting Council Lab published a report this week that considers how blockchain technology could impact corporate reporting processes in the future. This follows an earlier report on XBRL. You can view the report here. We’ll follow up on this item in the near future.
How does government plan for the introduction and utilisation of Artificial Intelligence? Data. Without data, AI is a boat without a paddle. The United Arab Emirates is moving toward their vision of being a leader in the “Age of Artificial Intelligence” by creating a national data portal which contains open data on several major industries […]