Capital markets News in Brief

EY piloting blockchain audit tools

News in Brief
Today EY announced a pilot for a suite of tools to enable them to audit cryptocurrency transactions. The announcement focused on public blockchain transactions, but likely it will be adapted for permissioned blockchains as well. The technology is intended to support EY audit teams performing audits on companies that engage in cryptocurrencies. They’re able to pull together data from multiple blockchain ledgers including Bitcoin, Ether, Bitcoin Cash and Litecoin. The auditors developed the tool based on experience with clients around the globe including investment funds, exchange platforms, cryptocurrency mining companies and wallet providers.

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