Ernst & Young (EY) has recently announced a blockchain-based financial management system. The EY blockchain platform, dubbed the EY OpsChain Public Finance Manager (PFM), aims to help governments manage the public funds more conveniently. Ernst & Young has claimed that the project will allow governments to utilize the blockchain technology to connect spending programs with results. It will also help the government record budget and expenditures. The firm has stated that it will provide legitimate information and enable governments to track funds and assets in real-time. Heather Taylor, the chief financial officer of the city of Toronto, has claimed that the
