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The tool will use analytical dashboards to identify transaction errors, wallet address balances and digital signatures.
Ernst & Young (EY) Global has announced the first corporate client for its EY Blockchain Analyzer: Reconciler. Per the announcement, Fidelity Digital Assets, a subsidiary of Fidelity Investments, became the first enterprise to use the tool after its launch in February.
EY Global Blockchain Leader Paul Brody believes that a robust internal risk management process and operational excellence are necessary for cryptocurrency platforms to gain a competitive edge and instill trust among investors and regulators. This, he said, is what the EY Blockchain Analyzer: Reconciler will address directly.
“The tool will provide an easy-to-use, web-based interface that allows their operations teams to query on-chain data for cryptocurrency>BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC) chains.
However, the team is also working to add support for more blockchains based on client demand. Other features like xpub Address Derivation, block explorers and staking may be added as the client’s need evolves.
Per the announcement, enterprises interested in using EY Blockchain Analyzer: Reconciler for transaction monitoring and reconciliation can find more information at blockchain.ey.com.