Glad it was helpful for you! 
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The big4 will adapt. Audits over codes, especially for private blockchains, will become increasingly prevalent.
What may also happen is that accounting firms shy away from clients who use blockchains within their financial processes from an audit perspective and instead provide IT/cyber security and business advisory/consulting services instead.
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Are the Big 4 still the Big 4?
Dense times have passed since the recording of the video.
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Yes, their still the same, here you can read more about it 
https://www.investopedia.com/terms/b/bigfour.asp
Carlos Z
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I wonder if the big investment banks will bite the dust one day, if people can raise their own capital, do ICOs instead of IPOs, and use smart contracts for M&Aā¦ Itās so interesting how Bitcoin was born on the heels of the bank bailouts, which in turn gave rise to the Occupy movement, around the time of the Arab Spring. That period in history sparked a change in peopleās consciousness, and itās interesting to see how crypto is bringing it all together by reshaping the existing power structure.
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Hi FaierPlay nice composition of thoughts from you. I too have been thinking about how blockchain can replace Accounting and Audit functions from firms like within the Big 4. In one way I can see that they can rearrange their systems and logic so as to not allow a square peg into a round hole so to sayā¦ but on the other hand, there is a lot of judgment in audits and within accounting transactions. The truth of the matter is a combination of AI, Machine Learning and Blockchain will lead to the demise or reduction of Big 4 dominance in the long run. The greatest problems that I saw when auditing was usually the itemizing, classification, misapplication, and mistakes of rules and laws when auditing. Truthfully the number of rules and regulations in now make audits almost an impossible task now for people to handle. A lot of what you were alluding to in your eloquent discussion seems to me was comporting to the problems of misclassification and judgment for which XBRL an unnoticed technology would help in standardizing line items between company A and B. Anyhow, I also canāt see how you can completely get rid of humans to not oversee processes ā¦but maybe a DOA (Decentralized Autonomous Organizations) start performing operations from a sense that they will be constructed to purely do logic and rules-based accountingā¦ donāt really know but will be interesting to seeā¦
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What were the Big 4 companies again? I got three of them, but missed the fourth.
The one I think I can remember the most is PVC.
Thanks!
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Agreed - in the evolution of Specialization, we do see "Specialist in Specialization āx / y / x / etcā 
[quote=āJill_Brewer, post:25, topic:6469ā]
if people can raise their own capital ā¦ reshaping the existing power structure.
[/quote] Absolute! ala Galia Benartzi (Bancor) (whom I 1st read about in āThe Infinite Machineā) - -
assisting (particularly) women to create their own agreements around Value-exchange.
To me, this IS the exciting WHY ā no longer asking permissions from top-down authoritarian structures,
but Creating new agreements for exchanging value and for financing others seeking to do the same.
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I think the Big 4 wont disappear but they will just adapt and incorporate blockchain in their oporations much like we cant really get rid of Bookkeepers.
They are Deloitte, Ernst & Young (EY), PricewaterhouseCoopers (PwC), and Klynveld Peat Marwick Goerdeler (KPMG).
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I think that one of the main things protection the established players like these ābig 4ā is regulations. If governments are slow to adapt to this technology, then rules they have in place, particularly with things that require discretion, could prevent newer start ups and innovators from taking market share. Many dynamics at play here. Very interesting.
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@ivan
perhaps it would be a cut in there earnings to help big companies doing their accounting; probably wonāt disappear,
I believe that small companies that provide basic accounting, financial services and documentation would loos revenue; I am thinking such as homeowner association; I donāt need to hire a firm to save all the bylaws, documentation, receipts, etcā¦ blockchain can reduce the expense of hiring a firm to do the HOA management, balances, payments, taxes, etc.
as more services are created in the frontend web3; then more complex fin-tech will be replaces with blockchain
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