June 18, 2024

EY has developed a blockchain solution for governments

EY has developed a blockchain solution for governments

EY, which is part of the "Big Four audit companies", has released a new blockchaina solution that will help governments improve public funds management.

According to the statement, the solution, called "EY OpsChain Public Finance Manager," will helpGovernments can track funds in real-time with a single dashboard of financial information. 

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.

Based on materialswww.theblockcrypto.com