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2020-09-29

New solutions for Bitcoin compliance testing

The Big Four EY accounting firm has introduced a new solution for chain data analysis, including Bitcoin (BTC) transactions. 

The new solution Explorer and Visualizer was introduced as part of the EY Blockchain Analyzer product package. As announced on September 27th, the beta version is now available for free to individuals. 

EY also said that it will soon make this solution available as a service on its Blockchain website.

Users will be able to use the search functionality together with its visualization technology. This will allow audit teams to investigate and track data in the chain by searching for specific transactions, addresses and blocks. They can then analyze the data collected to manage legal risk, compliance and fraud. 

In addition, EY has introduced a new procurement solution on its OpsChain platform - EY OpsChain Network Procurement - to enable private companies to carry out complex procurement activities within blockchain Ethereum in a secure manner.