Proof of Reserves: Don't Trust, Verify - DC Blockchain Summit 2023 скачать в хорошем качестве

Proof of Reserves: Don't Trust, Verify - DC Blockchain Summit 2023

Proof of Reserves: Don't Trust, Verify. Brian Consolvo, Principal – Technology Risk Management, KPMG Rep. Giovanni Capriglione, Texas State Representative and Chair of the Texas Innovation & Technology Caucus Rana Kortam, Director, Global Public Policy, Binance.com Moderator: Nic Carter, General Partner, Castle Island Ventures It’s imperative that investors and customers have the certainty that their funds are properly managed. The growth of the digital asset industry has resulted in uneven and inconsistent methods for proving the existence of reserves to meet customer liabilities. This panel will discuss such policies as Proof of Reserves that, in the absence of regulatory guidance, can maintain a transparent system and restore confidence in our industry. 0:00 - Intro 0:16 - Panel and Panelist Introduction 1:00 - What does proof of reserves mean and what is the purpose? 2:22 - Why should people invest resources in proof of reserves? 4:03 - Why is proof of reserves a priority in Texas? 5:56 - What are colleagues' reactions regarding this legislation? 7:23 - Will other states replicate what Texas is doing? 8:03 - Can proof of reserves stand alone? Or does it require oversight? 9:52 - How can you compare proof of reserves to a traditional audit? 10:58 - What assurances will Texans have once the bill is implemented? 11:41 - How has Binance implemented this? 15:13 - Will ordinary users be able to use what you have implemented? 16:04 - In Texas, will audit firms have a role in proof of reserves? 17:48 - Global auditing standards 19:38 - How does lack of standardization affect auditing firms? 21:19 - Are there provisions for this in legislation? 22:58 - What things should we look for in a proof of reserve? 24:18 - Texas Law Effective Sept. 1, 2023 24:50 - An incremental procedure 25:18 - What are some changes Binance may make to implementation? 27:49 - What’s our level of progress with proof of reserves? 29:40 - Thank You and Closing Remarks Follow Perianne Boring:   / periannedc     / perianne-.  . Follow the Digital Chamber:   / thed.  .   / chamberdigital     / digitalchamber