September 18, 2020

EY has developed a blockchain solution for governments

EY has developed a blockchain solution for governments

EY, which is part of the Big Four Auditing Companies, has released a new blockchain a solution that will help governments improve public funds management.

According to a statement, a solution called “EY OpsChain Public Finance Manager” will help governments track funds in real time using a single financial information panel.

According to company representatives, the new solution, built on the EY blockchain, was launched in pilot mode in several cities around the world, including Toronto. The EY statement states:

Blockchain technology can have significantimpact on processes such as tax collection and publication of government spending, as many countries around the world have begun the ubiquitous digitalization process.

According to the materials www.theblockcrypto.com