In a world that constantly faces challenges with tax and accounting, high-tech offers solutions that help businesses comply with regulations . Dinis Guarda interviewed Mark Mueller-Eberstein, Co-founder and CEO of CodexDF, to discuss the processes and nuances in financial reporting for enterprises and businesses, especially in the space of decentralised finance (DeFi). The podcast, powered by platforms like openbusinesscouncil, ciitesabc, and fashionabc, is growing its influence across various demographics of economy, ethnicity, and age.
Mark Mueller-Eberstein, a serial entrepreneur, strategic leader, bestselling author, active angel investor, and international speaker, is the co-founder and CEO of CodexDF, a company that develops customer-focused enterprise software solutions to solve complex accounting, reporting, and tax challenges for digital assets. He is also the founder of the Adgetec Corporation’s consulting business whose mission is to help organisations and their leaders realise value globally.
Dinis introduced Mark as a global authority and personality about blockchain, compliance, angel investing, cryptocurrency, and accounting software. Explaining the practical applications of software solutions from CodexDF, Mark told Dinis that it was designed to streamline the process of filing taxes and ensure accuracy in financial reporting. It also helps businesses and enterprises to automate the process of preparing financial statements and reports, which can save time and resources.
More interviews
The role of data in compliance
Dinis asked Mark to highlight the role of data in accounting and reporting in the decentralised space. Mark said that data is primary to understanding and comparing legal obligations. It helps to identify potential risks and opportunities, as well as to identify areas where compliance could be improved.
“Compliance begins with data. You have to have detailed data to be able to look at what is happening under the hood of any organisation. So, you need trusted auditing tools to understand what is out there. In the blockchain world, you do have authentic data about transactions. But often, you do not have enough information to turn that initial information into actual insights”, he said.
Referring to the mechanism in which CodexDF offers solutions for financial compliance for digital assets, he told Dinis that the software breaks down a transaction into all the intermediary sub-transactions with full information including reference prices, dates, and fees. This “atomisation”, he said, is made available to the customers to be able to remain compliant with applicable (local) laws and regulations, reducing their risk of financial penalties.
“It could be a profit loss statement based on US guidelines or based on French guidelines. Our customers decide what the reporting logic is. We provide them with the detailed data so they can run the reports in any jurisdiction they really need it”, he said. Besides, it also provides insights into how a business is performing financially and helps identify areas where improvements can be made.
The seeds of future
Dinis and Mark talked about various trajectories that would shape the future of humankind. From ever-growing technological capabilities to distributed and global teams, they presented every aspect of sustainable and trusted business ecosystems in the future.
Mark highlighted that sustainability and technology are two of the most important trends of the future. As the world becomes increasingly reliant on technology, the need to use resources responsibly and responsibly has become a necessity. He also explained the future trends for the development of renewable energy sources such as solar, wind, and geothermal, as well as the utilisation of energy-efficient technologies, will be essential for a more sustainable future, including decentralised energy systems.
Referring to various examples of current trends that originated from efforts in the past decades, he emphasised the idea that governments, enterprises, and businesses would need to prioritise sustainable practices and technologies to support a better future for all.
“The seeds of future trends are already there, but how fast they go forward to become mainstream adoption, is always a question. It partly depends a lot on leadership and how open are we to embracing new trends”, Mark said.
Concluding the interview, Dinis asked Mark to share some experiences and insights from his deep research and writing acumen to enlighten the younger generation of entrepreneurs. Mark said:
“Time is too precious. So, if there are people who are genuinely trying to learn and grow, engage with them, listen to their concerns, make sure you think about it, and give them the right arguments and information that helps them to grow, and in the process helps you look at the completely fresh perspective about ourselves and the subject matter. So, a lot of dialogue and learning as well as teaching.”
About citiesabc.com
https://www.citiesabc.com/
https://twitter.com/citiesabc__
About openbusinesscouncil.org
https://www.openbusinesscouncil.org/
4IR: AI Blockchain Fintech IoT Reinventing a Nation by Dinis Guarda and Rais Hussin (4irbook.com)
Dinis Guarda citiesabc openbusinesscouncil Series is also available as podcast on:
Apple Podcasts: https://podcasts.apple.com/us/podcast/dinis-guarda-citiesabc-openbusinesscouncil-series/id1510330391
On Spotify: https://open.spotify.com/show/1vA8KaDaRpJ0mAfpNbfTSF?si=H_WngL4RSOyu1W7VAmM41w&dl_branch=1
Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xMDMyMzg4LnJzcw==
Amazon Music: https://music.amazon.com/podcasts/953a5156-823c-4e86-baeb-4fda1128e44c/DINIS-GUARDA-CITIESABC-OPENBUSINESSCOUNCIL-SERIES
Hernaldo Turrillo is a writer and author specialised in innovation, AI, DLT, SMEs, trading, investing and new trends in technology and business. He has been working for ztudium group since 2017. He is the editor of openbusinesscouncil.org, tradersdna.com, hedgethink.com, and writes regularly for intelligenthq.com, socialmediacouncil.eu. Hernaldo was born in Spain and finally settled in London, United Kingdom, after a few years of personal growth. Hernaldo finished his Journalism bachelor degree in the University of Seville, Spain, and began working as reporter in the newspaper, Europa Sur, writing about Politics and Society. He also worked as community manager and marketing advisor in Los Barrios, Spain. Innovation, technology, politics and economy are his main interests, with special focus on new trends and ethical projects. He enjoys finding himself getting lost in words, explaining what he understands from the world and helping others. Besides a journalist, he is also a thinker and proactive in digital transformation strategies. Knowledge and ideas have no limits.
