WithumSmith + Brown is the latest corporate institution to join the Wall Street Blockchain Alliance (WSBA). As the name suggests, WSBA is a non-profit organization whose primary objective is to advocate for the mass adoption of distributed ledger technology on a global scale. On the other hand, WithumSmith + Brown is a prominent firm that provides cutting-edge instruments to its clients for accounting, advisory and tax compliance issues. The company was established in the early 1970s and is currently among the top-rated enterprises in the US.
— Wall Street Blockchain Alliance (@WallStreetBTC) July 10, 2018
Ron Quaranta, the current chairperson of the WSBA, was particularly enthused by the admission of WithumSmith to the association. Ron said that the company’s extensive knowledge of the global accounting landscape as well as its approach to digital assets and blockchain technology would be invaluable to WSBA. He concluded by stating that he is confident that WithumSmith will play a crucial role in the realization of the goals set by WSBA.
On his part, Chris DeMayo, the director of the WithumSmith Digital Currency and Blockchain Technology, was thrilled by the partnership with the WSBA. Precisely, Chris noted that there is an ongoing blockchain revolution, and virtual currencies are taking over the financial sector. To this end, both technologies are fast becoming an integral entity of the global economy.
Furthermore, the disruptive nature of distributed ledger technology has potential to shakeup nearly all aspects of human livelihoods. Therefore, according to Chris, it is the appropriate time to embrace such technology and joining WBA is a significant step towards that goal.