EY Starts Offering Updated Blockchain Analyzer to Non-Audit Clients
The EY has unveiled the third generation Blockchain Analyzer: Reconciler. The latest version has been moved to blockchain.ey.com and can be accessed by non-audit customers in addition to EY Audit teams. The software can be used for a variety of purposes including import of enterprise documents, reconciliation of off-chain enterprise documents with on-chain activities, and monitoring wallet balances.
The latest version also includes a digital signature validation feature that permits users to prove account ownership without making any transactions.
David Byrd, EY Blockchain Strategy Leader, Assurance, Ernst and Young LLP, stated:
“The addition of the digital signature validation functionality to the newest release of the EY Blockchain Analyzer: Reconciler is a significant improvement for both EY Audit teams and their customers, as it allows for the proving of ownership of multitudes of wallet addresses without any requirement of transferring cryptocurrencies. I’m looking forward to shifting the offering on blockchain.ey.com and making it easier for EY Audit teams and authorized customers to use it. It will really, in the end, speed up the advancement and implementation of innovative features and capabilities, while also increasing the organization’s capacity to grow.”
The EY Blockchain Analyzer: Reconciler is not only utilized in 30 EU Audit processes but also to provide EY professional services to several non-audit customers, including Blockchain.com. With the shift to blockchain.ey.com, EY non-audit customers will be able to gain access to the tool straight away via a SaaS model.
The EY Blockchain Analyzer: Reconciler backs data for five blockchains, namely Bitcoin Cash (BCH), Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Ethereum Classic (ETC). As a portion of the EY roadmap, EY engineering groups are working on a continuous basis to include support for blockchain info across several additional chains on the basis of customer demand and to back the rising requirements of customers, including staking rewards in PoS (Proof-of-Stake) networks.