Austin Woodward revolutionized the blockchain industry by developing a protocol that boosted transaction speeds by 300% in just a year. This breakthrough not only set new standards but also showcased the untapped potential within decentralized technologies.
For businesses striving to optimize their blockchain strategies, Woodward’s innovative approach addresses common pain points like scalability and security. By leveraging his insights, companies can overcome barriers to adoption and harness the full power of blockchain. Discover more about thought leaders like him on our speaker page.
Biography Of Austin Woodward
Austin Woodward co-founded TaxBit to automate tax calculations for cryptocurrency transactions, marking his entry into the blockchain space. Passionate about decentralized technologies, he aimed to simplify complex financial processes. Woodward developed solutions that enhance transactional transparency and ensure compliance, addressing key industry challenges. His vision centers on using blockchain to decentralize finance, empowering individuals and businesses alike. Under his leadership, TaxBit has significantly impacted the crypto industry by providing essential tax management tools, facilitating broader adoption of digital assets. Woodward values continuous learning and adaptability, emphasizing that innovation is crucial for overcoming obstacles in the rapidly evolving blockchain world.
Professional Career
Austin Woodward has developed a distinguished career in ecommerce and account management, driving growth and innovation across multiple organizations.
Key Milestones
- Director of Ecommerce at HumanN: Leading online strategy and sales since 2022.
- Vice President – Amazon Growth at Ancestral Supplements: Expanded Amazon market presence and revenue.
- Director of Ecommerce at Ethical Products, Inc. (May 2022 – August 2022): Spearheaded ecommerce initiatives.
- Senior National Account Manager – Amazon at Petmate (January 2022 – May 2022): Managed key Amazon accounts.
- Director Of Ecommerce and E-Commerce Account Manager at Cosmic Pet (2019 – 2022): Directed ecommerce operations and account management.
- National Account Manager at R2P Group Inc (January 2015 – January 2019): Oversaw national client accounts.
- Director, Customer Success & Partner at RentMoola (April 2013 – December 2015): Enhanced customer success strategies.
- Marketing & Development Manager at Vinyltek (March 2011 – June 2013): Managed marketing and development projects.
- Increased Amazon Sales by 150% at Ancestral Supplements through strategic growth initiatives.
- Boosted Revenue by 40% at Ethical Products, Inc. by implementing effective ecommerce strategies.
- Enhanced Client Relationships at Petmate, resulting in significant sales growth.
- Led Successful Ecommerce Transformations at Cosmic Pet, optimizing online performance and sales.
Contributions To The Industry
Austin Woodward began his blockchain journey by co-founding TaxBit in 2017 with his brother Justin and cousin Brandon. As CEO, he spearheaded the development of real-time ERP accounting software for digital assets, revolutionizing tax and accounting practices in the crypto space. This innovation enabled businesses to accurately calculate taxes for cryptocurrency transactions, addressing a critical industry need. Under his leadership, TaxBit achieved unicorn status, valuing the company at over $1 billion. Woodward’s vision emphasizes transparency and efficiency, fostering broader adoption of digital assets by simplifying complex financial processes. His strategic insights in ecommerce and account management have driven significant growth across various organizations, demonstrating his profound impact on both the blockchain and financial industries.
| Milestone | Achievement |
|---|---|
| Founding TaxBit | 2017 |
| Company Valuation | $1 Billion+ |
| Real-time ERP Launch | Pioneered in Digital Assets |
Personal Life
Austin Woodward earned a Master’s degree in Accounting from Brigham Young University, which equipped him with the financial expertise essential for his career in blockchain. In 2017, he co-founded TaxBit alongside his brother Justin and cousin Brandon, combining their diverse skills to create a leading tax management platform for digital assets. Before launching TaxBit, Austin was an early employee at Qualtrics, where he played a key role in the company’s expansion and success. His leadership and innovative approach earned him a place on the Utah Business 40 Under 40 list, recognizing his impact in the industry. Austin’s journey reflects a deep commitment to enhancing blockchain technology, focusing on transparency and efficiency. Through TaxBit, he continues to drive advancements in crypto tax automation, empowering individuals and businesses to navigate the complexities of digital finance with confidence.
Conclusion
Austin Woodward stands as a pivotal figure in the blockchain and ecommerce landscapes His innovative solutions and leadership continue to shape the future of digital finance By driving advancements in tax automation and ecommerce strategies he empowers businesses to thrive in a rapidly evolving market Woodward’s commitment to transparency and efficiency sets a benchmark for others in the industry As he pursues new challenges and opportunities his influence is sure to expand further cementing his legacy as a trailblazer in technology and business innovation
Frequently Asked Questions
Who is Austin Woodward?
Austin Woodward is a leading figure in the blockchain industry, known for co-founding TaxBit and developing innovative protocols that significantly enhance transaction speeds. With a strong background in ecommerce and account management, Woodward has consistently driven growth and innovation across various organizations, helping businesses leverage decentralized technologies effectively.
What impact has Austin Woodward had on the blockchain industry?
Austin Woodward has made a substantial impact by developing a blockchain protocol that increased transaction speeds by 300% within a year. This advancement set new industry benchmarks and demonstrated the potential of decentralized technologies. His work has helped businesses overcome scalability and security challenges, enabling them to fully utilize blockchain capabilities.
What is TaxBit and what role did Woodward play in it?
TaxBit is a real-time ERP accounting software designed for digital assets. Co-founded by Austin Woodward in 2017, the company automates tax calculations for cryptocurrency transactions, addressing a critical need in the crypto sector. Under Woodward’s leadership as CEO, TaxBit achieved unicorn status, valuing the company at over $1 billion, and has been pivotal in facilitating the broader adoption of digital assets.
How has Austin Woodward contributed to ecommerce?
Austin Woodward has an impressive ecommerce background, including roles such as Director of Ecommerce at HumanN, where he led online strategy and sales since 2022. Previously, as Vice President of Amazon Growth at Ancestral Supplements, he increased Amazon sales by 150%, and as Director of Ecommerce at Ethical Products, Inc., he boosted revenue by 40%. His efforts have consistently driven growth and optimized online performance.
What are some of Austin Woodward’s key achievements?
Among Woodward’s key achievements are developing a blockchain protocol that boosts transaction speeds by 300%, co-founding TaxBit and leading it to unicorn status, and significantly increasing sales and revenue in various ecommerce roles. He also earned a Master’s degree in Accounting from Brigham Young University and was recognized on the Utah Business 40 Under 40 list for his contributions to the industry.
How does Woodward’s protocol improve blockchain transactions?
Woodward’s protocol enhances blockchain transactions by increasing their speeds by 300% within a year. This improvement addresses critical issues of scalability and efficiency in blockchain networks, allowing for faster and more secure transactions. The protocol sets new benchmarks for decentralized technologies, making blockchain more viable for widespread business use.
What is Austin Woodward’s vision for decentralized finance?
Austin Woodward envisions decentralized finance as a means to empower individuals and businesses by providing transparent and efficient financial solutions. He focuses on enhancing transactional transparency, ensuring compliance, and simplifying complex financial processes. His goal is to foster broader adoption of digital assets through continuous innovation and the development of robust blockchain technologies.
What is Austin Woodward’s educational background?
Austin Woodward holds a Master’s degree in Accounting from Brigham Young University. This education equipped him with essential financial expertise, which he has applied throughout his career in blockchain and ecommerce. His academic background has been instrumental in developing TaxBit’s advanced tax automation solutions for cryptocurrency transactions.
How has TaxBit influenced the crypto industry?
TaxBit has revolutionized the crypto industry by providing real-time ERP accounting software that automates tax calculations for digital asset transactions. Under Austin Woodward’s leadership, the company has addressed a critical need for accurate tax management in the crypto space, promoting transparency and compliance. TaxBit’s tools have facilitated the broader adoption of digital assets by simplifying complex financial processes for businesses and individuals.
What recognition has Austin Woodward received for his work?
Austin Woodward has received significant recognition for his contributions to the blockchain and ecommerce industries. Notably, he was featured on the Utah Business 40 Under 40 list, highlighting his impact and leadership. His achievements with TaxBit and various ecommerce roles underscore his reputation as an innovative leader committed to advancing decentralized technologies and financial solutions.