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Cosmos with Ethan Buchman | E138

Ep. 138

In this 138th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Ethan Buchman, Co-Founder of Cosmos and CEO of Informal Systems. Cosmos is one of the largest blockchains and one of the most valuable cryptocurrencies in the world, of which Ethan Buchman was an integral part of creating. 


Episode Highlights: 

● 00:32 – Ethan Buchman explains Cosmos. 

● 02:53 – What is Ethan Buchman’s history? 

● 09:20 – What is the differences between and proof of work and proof of stake? 

● 10:10 – Which countries consumed less power than bitcoin? 

● 11:09 – Where else can you go besides bitcoin to maximize options? 

● 12:00 – They discuss public and private blockchains. 

● 16:06 – Where are the limitations with authurium? 

● 25:24 – What does Informal Systems do? 

● 35:01 – What would Ethan Buchman change in his business or industry? 

● 35:49 – What have been the biggest challenges Ethan has faced? 

● 36:50 – What keeps Ethan Buchman excited each day about his work? 


3 Key Points 

1. Blockchain is the evolution of automating human processes, moving from personal computers, to the cloud, and now to the multi-stakeholder operation. 

2. In 2019, bitcoin consumed more power than Switzerland. 

3. Reducing compliance is an important use case in the blockchain world. 


Tweetable Quotes: 

● “We want to make it as easy as possible for people to build their own blockchains, launch their own blockchains, structure them in the ways that they need to that fit their needs and fit their values, and the values of their community.” – Ethan Buchman 

● “In 2013 I programmed my first bitcoin transaction from scratch, which is almost like a religious experience to be able to do that.” – Ethan Buchman 

● “The public blockchain becomes this source of truth that you can audit against without necessarily revealing all the information to the whole world. The boutry between public and private becomes significantly blurred .” – Ethan Buchman 


Resources Mentioned: 

● Facebook – Jason Pereira’s Facebook 

● LinkedIn – Jason Pereira’s LinkedIn 

● FintechImpact.co – Website for Fintech Impact 

● JasonPereira.ca – Sign up for Jason Pereira’s newsletter 

● Linkedin – Ethan Buchman

● cosmos.network – Website for Cosmos 

● informal.systems – Website for Informal Systems

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1/19/2021

Xendoo with Lil Roberts | E157

Ep. 157
In this 157th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Lil Roberts, CEO of Xendoo, an online accounting firm that aims to serve small businesses by simplifying the bookkeeping process!Episode Highlights:0:32 – Lil Roberts introduces Xendoo and its mission.0:56 – What was the inspiration behind the creation of Xendoo?1:36 – Lil shares her journey that led to the creation of Xendoo.3:22 – Jason and Lil talk about the importance of knowing your numbers when it comes time to scale.5:56 – Lil and Jason discuss the competition in the accounting industry.8:28 – Jason and Lil dive into the low bar of understanding for what people should expect from their accountant.11:40 – Lil explains why the concept of dropping off your paperwork is one of the past.13:48 – What tools are in Xendoo’s tech stack and why were those chosen?17:00 – Jason and Lil talk about the importance of being organized with your tax paperwork.18:45 – How much fun is it to make these tools work together nicely?20:42 – Jason discusses the digital lessons that have been taught by COVID.22:03 – What kind of feedback is Lil hearing from Xendoo’s clients?23:47 – If Lil could change one thing about the accounting industry, what would it be?26:22 – What has been Xendoo’s biggest challenge during its growth?27:04 – Lil discusses what motivates her to get up every day.3 Key PointsAs a serial entrepreneur, Lil Roberts hated that bookkeeping and accounting services were slow, expensive, and provided little transparency.Online bookkeeping and accounting services account for less than 1% of the industry as a whole.The days of dropping off your paperwork to your accountant are over. Everything is done online now and this helps business ownersTweetable Quotes:“No one gets in the business to do your bookkeeping unless you’re a bookkeeping business.” – Jason Pereira“I’m not concerned about the people that are doing the exact same thing that I’m doing; I’m concerned about the person doing something different that I’m not directly benefitting from.” – Jason Pereira“The magic does not happen after the year is over; the magic happens through the year.” – Jason Pereira“I can’t tell you how many times that we have seen somebody transpose numbers.” – Lil RobertsResources Mentioned:Facebook – Jason Pereira’s FacebookLinkedIn – Jason Pereira’s LinkedInFintechImpact.co – Website for Fintech ImpactJasonPereira.ca – Sign up for Jason Pereira’s newsletterWoodgate.com – Website for Woodgate FinancialXendoo.com – Website for XendooXeroQuickBooksThe Coming of The Human Knowledge – Work Cloud – Article by Sam Lessin
1/12/2021

Act Analytics with Zachary Dan | E156

Ep. 156
In this 156th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Zachary Dan, CoFounder and CTO of Act Analytics, a platform that helps financial advisors make better decisions around environmental, social, and governmental factors!Episode Highlights:0:41 – Zachary Dan introduces Act Analytics.1:04 – What led Zachary to create Act Analytics.2:14 – Jason discusses the issues that exist in the ESG area.4:12 – How does Zachary score industries with ESG factors?8:09 – Zachary discusses the challenges presented by a high–level of customization in regard to customer experience.9:12 – What does the user experience look like from start to finish?11:14 – How often is the data updated?11:38 – Zachary dives into the sources of data that Act Analytics utilizes.14:01 – What has the feedback been like from Act Analytics’s earliest users?16:00 – Zachary shares his thoughts on future innovations for the platform.17:49 – If Zachary could change one thing about his industry, what would it be?19:17 – What has been the biggest challenge for Act Analytics during its growth?22:46 – Zachary explains what excites him about natural language processing.3 Key PointsZachary saw that neither the data nor the ratings were constructed in a way that served most people, so he created a tool that utilizes both in a way that translates to the end-user.At the moment, Act Analytics has about 20 paying clients with most logging on every day and utilizing the news–analytics feature of the platform.Zachary hopes to see the commoditization of ESG and financial data, making it widely available for everyone to choose how to use that information for themselves.Tweetable Quotes:“If companies in all sectors are being pressured to change over time and everyone’s doing this, that’s one way to change the world.” – Zachary Dan“I think one of the mistakes of what’s out there is this idea that you can become the standard scoring methodology for ESG because...it’s different for everybody.” – Zachary Dan“There’s lots of opportunities to include more built–out portfolio construction and AI that helps people build portfolios using both ESG and financial considerations.” – Zachary Dan“You can’t fully fit on a spreadsheet about just how ethical a company is but you have to figure out how to measure that in real-time.” – Jason Pereira“If someone doesn’t have a belief in something, why are you forcing it on them?” – Jason PereiraResources Mentioned:Facebook – Jason Pereira’s FacebookLinkedIn – Jason Pereira’s LinkedInFintechImpact.co – Website for Fintech ImpactJasonPereira.ca – Sign up for Jason Pereira’s newsletterWoodgate.com – Website for Woodgate FinancialAct-analytics.com – Website for Act AnalyticsTruvaluelabs.com/ – Website for Truvalue Labs
1/5/2021

Billd with Christopher Doyle | E155

Ep. 155
In this 155th episode of Fintech Impact, Jason Pereira, award-winning financial planner, university lecturer, writer, and host interviews Christopher Doyle, the CEO of Billd, a vendor–financing company that allows contractors to purchase materials via credit so they can take on bigger projects!Episode Highlights:0:32 – Christopher Doyle introduces Billd and its role in the construction industry.1:17 – How did Billd get started and what motivated it?3:47 – What were the challenges of trying to make this platform work with being able to profile the clients accurately?6:27 – Why is commercial construction way worse than individual contractors?9:00 – Jason and Christopher discuss the risks involved in this business.10:55 – What does the process look like for contractors looking to work with Billd?13:06 – Where is the money coming from when it’s time to get paid back?14:23 – What kind of feedback is Billd getting from its clients?15:44 – Christopher discusses what has surprised him the most.18:15 – Jason and Christopher discuss the innovative tech that is being deployed in the construction industry.19:48 – What change would Christopher make in his business right now?22:00 – Christopher dives into the biggest growth problems that Billd has faced.24:11 – What excites Christopher the most about what he is working on?3 Key PointsBy providing a system of material credits, Billd allows contractors to pay for their materials upfront, allowing them to take on projects that would otherwise be too large to bid on.Most of the time, when Billd has to get involved for payment, it’s because they haven’t been paid for the work. In this case, Billd gets to act as the bad guy for the contractor.Even with a slow adoption curve, more and more innovative technology is being used in the construction industry, such as robot learning and 360-degree job site digital views.Tweetable Quotes:“In construction, contractors rely so much on those upfront payments and often times it’s a limiter to growth and starting the business altogether.” – Christopher Doyle“What we’re really talking about here is the reduction of burden for working capital within a business.” – Jason Pereira“If we’re going to burden someone in that process, it’s the supplier...We try to keep our contractor doing what they do best.” – Christopher Doyle“When you have a small group of people working tightly to build something from scratch, those little things actually will annoy the heck out of you.” – Jason PereiraResources Mentioned:Facebook – Jason Pereira’s FacebookLinkedIn – Jason Pereira’s LinkedInFintechImpact.co – Website for Fintech ImpactJasonPereira.ca – Sign up for Jason Pereira’s newsletterWoodgate.com – Website for Woodgate FinancialBilld.com/ – Website for Billd