Tezos Southeast Asia has reportedly forged an alliance with the Association of Chartered Certified Accountants, to drive the adoption rate for its blockchain applications in the area. 

Specifically, the deal was finalized on April 13th between the 2 entities, which would open up opportunities for Tezos blockchain to be used across the accounting sector. The ACCA is an international account corporation, which offers accountants-focused certifications and training.

The ACCA will assist the TSA, via offering their expertise accounting standards to the company. On the other hand, the TSA will hold the responsibility of running research for the implementation of blockchain applications in the industry, to help resolve some of its specific issues. 

The TSA and ACCA will reportedly further come up with initiatives to share the knowledge, nominally drafting educational materials, conducting training courses and running partnership programs, to provide a more thorough insight into the tech, as well as boost adoption rate for blockchain. 

“The potential applications of blockchain technology in the accounting sector are extensive, ranging from better validation procedures in auditing to accelerating settlement times for transactions, and automating and streamlining compliance processes.”

Blockchain and crypto have been developing at an increasing pace in the accounting sector recently. As reported by TheCryptoSight, Lukka – the blockchain-based tech firm specialised in tax services – has become the crypto taxation software provider to a major accounting corporation, currently ranked 5th across the US – RSM.