At this year’s Messari Mainnet summit, Paul Brody, the blockchain lead at Big Four accounting firm Ernst & Young (EY) told Decrypt that his company is “all in on public blockchains.”
Recounting EY’s involvement in crypto, he reiterated how the firm was indeed one of the earliest adopters in the traditional finance world.
In 2015, EY formed a blockchain division to pursue work on public blockchains. Initially, it worked with private blockchains too, but that has “really decreased over the years,” Brody told Decrypt.
He elaborated: “Unlike anybody else, we’re actually building tools and applications in this space, so we built, for example, our own blockchain audit platform, where we can do on-chain and off-chain transaction reconciliation.”
EY’s in-house arsenal currently contains a smart contract testing tool developed by its security team in Israel, a system called EY Ops Chain which uses tokenization for traceability and transparency within supply chains, and a Zero Knowledge...
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