Applications in blockchain: What to know about the GBBC’s Global Standards Mapping Initiative 2.0

As blockchain technologies continue to advance, some traditional technology platforms are being replaced with more agile, effective systems through the application of distributed ledger technologies. In an industry as complex and precise as tax, how and where could these innovative technologies be applied within your organization?

This cross-collaborative effort on behalf of the Global Blockchain Business Council (GBBC) devoted a year to researching key attributes of distributable ledger technology, and the instances this leading technology has been applied for tax purposes. One outcome of this effort was the discovery of 26 blockchain systems – from across the globe – applied to tax matters, at various stages of development.

The discussion will address the following topics:

• Introduction to the GBBC, the Global Standards Mapping Initiative 2.0 and the Global Taxation Working Group Critical elements in any distributed ledger system applied to Tax
• Deep-dive into the key findings of the GSMI 2.0 Global Taxation Working Group Report
• Lessons learned and how these findings may benefit your organization
• How EY Blockchain offerings can enhance your practice
• Question and answer session with the panel

Panelists:

• Jeff Saviano, EY Global Tax Innovation Leader
• Dennis Post, EY Global Leader Blockchain Tax Services
• Nick Davies, UK Her Majesty’s Revenue & Customs (HMRC) Innovation Lead
• Anders Agerskov, World Bank Lead Specialist
• Jeffrey Owens, Professor, Director of the Wirtschaftsuniversität Wien Global Tax Policy Center (WU GTPC)