Basis co-founder Mitchell Troyanovsky drops a spicy take: accounting demand is about to explode 100x.
His thesis: the current economy is massively under-accounted. Example: ~10,000 people touched the production chain of a single LaCroix can, but we only track a tiny fraction of those transactions.
The kicker: AI agents will flood the economy with digital labor entities, each generating accounting events. Every API call, every micro-transaction, every autonomous agent action = a ledger entry.
Right now we're already 1-2 orders of magnitude below what's needed. Add AI labor? He's predicting 2+ orders of magnitude increase in accounting demand.
This isn't about CPAs doing more tax returns. It's about building infrastructure to track economic activity at machine scale. Think: real-time ledgers for AI-to-AI commerce, programmatic audit trails, and accounting systems that can handle millions of autonomous economic actors.
Basis is positioning to build this layer. The question: will traditional accounting frameworks even work at AI scale, or do we need entirely new primitives?
His thesis: the current economy is massively under-accounted. Example: ~10,000 people touched the production chain of a single LaCroix can, but we only track a tiny fraction of those transactions.
The kicker: AI agents will flood the economy with digital labor entities, each generating accounting events. Every API call, every micro-transaction, every autonomous agent action = a ledger entry.
Right now we're already 1-2 orders of magnitude below what's needed. Add AI labor? He's predicting 2+ orders of magnitude increase in accounting demand.
This isn't about CPAs doing more tax returns. It's about building infrastructure to track economic activity at machine scale. Think: real-time ledgers for AI-to-AI commerce, programmatic audit trails, and accounting systems that can handle millions of autonomous economic actors.
Basis is positioning to build this layer. The question: will traditional accounting frameworks even work at AI scale, or do we need entirely new primitives?