Paul Brody

Key Ideas:

• Ethereum's Resilience: 10+ years of continuous operation, zero downtime, 14+ major upgrades including proof-of-work to proof-of-stake transition
• Decentralization Benefits: Operational resilience, censorship resistance, monopoly resistance, corruption resistance
• Future of Money (Streaming Money):
• Payments will cost <1 penny, execute in <1 second
• Shift from monthly payments to real-time/daily streaming payments
• Immediate incentives 100-300% more effective than delayed rewards
• Example: Get paid daily for hourly work instead of bi-weekly
• Enterprise Adoption:
• 54% of large corporations plan to use stablecoins within a year
• EY-SAP integration: Full automation from crypto payment to ERP system
• Cross-border payments 99% faster, 99% cheaper
• Top obstacle: ERP integration (now solved)
• Business Applications:
• Total procurement cycle costs $450 (vs $12 for just payment)
• Microsoft Xbox case study: 45 days → 4-5 minutes for royalty statements, 40% cost reduction
• Supply chain tokenization can automate entire business cycles
• Privacy Solutions:
• Current capability: 400M transactions/day at $0.05 with privacy
• Goal: 4-40 billion transactions/day at $0.005
• Requirements: Scalability, programmability, composability, permanence
• EY's Nightfall technology deploying on Plume and Cello networks
• Recommendations for Ukraine:
• Lead by example - government should use blockchain for contracts
• Integrate into tax system to prevent hollowing out tax base
• Create robust capital markets for reconstruction funding
• Focus on making it easy to raise money onchain legally

Paul leads EY's blockchain initiatives across consulting, audit, and tax, including building the firm's first global SaaS platform, Blockchain.EY.com. EY was the first professional services firm to commit to public blockchains and Ethereum.

Under his leadership, EY launched groundbreaking solutions like the Baseline protocol (with ConsenSys and Microsoft), Nightfall (privacy technology for Ethereum), and Starlight (private business logic compiler) - all open sourced to advance public blockchain adoption.

He also serves as Chairman of the Enterprise Ethereum Alliance (EEA) and is a CoinDesk contributor with 73+ published articles on blockchain.

In 2023, EY Blockchain was named market leader in HFS Horizons Public Blockchain Services. Paul authored Ethereum for Business and serves on Fast Company's executive board.