Knowledge@HEC - FTX Scandal Reflects Complex Dance between Off-Chain Practices and Blockchain Accounting

FTX Scandal Reflects Complex Dance between Off-Chain Practices and Blockchain Accounting

08/28/23 • 33 min

The FTX cryptocurrency scandal illuminates the critical caveats to the world of blockchains. Since December 2022 and the arrest of FTX founder Sam Bankman Fried, this affair has rocked the world of cryptocurrencies and the on-chain features that underpins its entire existence. It also reveals the impact of off-chain factors involved in blockchain operations. Recent research by professors Dane Pflueger (HEC Paris), Martin Kornberger (Vienna University) and Jan Mouritsen (Copenhagen Business School) sheds light on the FTX and other scandals that are unfolding. Their December 2022 publication in the European Accounting Review, explores the issues of governance, organizing, and trust that buttress blockchain accounting. Speaking from the HEC campus near Paris, Pflueger challenges the notion some have that blockchain technology does not need intermediaries like accountants to function.

Read the summary on Knowledge@HEC here.

Hosted on Acast. See acast.com/privacy for more information.

Read the summary on Knowledge@HEC here.

Hosted on Acast. See acast.com/privacy for more information.

Previous Episode

Creative Destruction Lab Tackles AI, Geopolitics and Ethics in Historic Toronto Session

Around 1,200 participants congregated in Toronto for the first in-person CDL Super Session in four years. The two-day event featured intense exchanges between startups from the 24 CDL streams, mentors, researchers and academics. There were equally hard-hitting exchanges on AI, geopolitical shifts in innovation and the advancement of humanlike intelligence. HEC Paris sent a strong delegation to Canada to exchange on its growing involvement in this objective-based program for massively scalable, seed-stage companies. A Breakthroughs special brings you an extended program highlighting the key exchanges during this third in-person Super Session.

Hosted on Acast. See acast.com/privacy for more information.

Next Episode

New Research Underlines Great Divide between E.U. and its Citizens

How can the E.U. respond to the growing clamor for more citizen participation in its institutions? In a wide-ranging podcast, the Jean Monnet Professor in EU Law, Alberto Alemanno, proposes a permanent European Citizens Assembly to bring E.U. voters and their representatives closer together. The HEC professor also explores how lobbies can become a force for promoting social change. He also points out structural problems within the E.U. which are stymying the continent’s youth. Finally, Alemanno’s research with fellow academic Elie Sung pinpoints the oft-neglected impact of lobbies on judicial courts by interest groups– which are having devastating effects on societal issues like women’s and LBGTQI+ rights.

Hosted on Acast. See acast.com/privacy for more information.