On April 16th, at the annual Ernst & Young Global Blockchain Summit, Ernst & Young issued three new blockchain development projects: the second generation of Ernst & Young blockchain analyzers, Ernst & Young smart contract analyzers and zero-knowledge proofs. protocol.
The second generation of Ernst & Young blockchain analyzer
The Ernst & Young Blockchain Analyzer is a blockchain analysis tool that supports analysis of common blockchains such as Bitcoin, Bitcoin Cash, Ethereum, Ether Classic and Litecoin, as well as analysis of private Ethereum and Quorum (distribution) System) and Hyperledger (superbook) blockchain.
According to the press release, the second-generation Ernst & Young blockchain analyzer is available to Ernst & Young teams and non-audit clients to help Ernst & Young teams and clients conduct financial reporting, forensic investigations, transaction monitoring and tax calculations on a global scale. .
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In addition to transaction analysis, the second-generation Ernst & Young blockchain analyzer also supports tax calculations for encrypted assets.
It is worth mentioning that Google has launched BitQuery, a blockchain analyzer for Bitcoin, which can visualize bitcoin transactions, perform blockchain detection and anomaly detection.
Ernst & Young Smart Contract Analyzer
The Ernst & Young Smart Contract Analyzer is a smart contract testing and security service for the public Ethereum blockchain that allows users to test and monitor Tokens and smart contracts that have not been released or released to prevent risk.
Ernst & Young has developed a list of more than 250 standard tests that will help investors determine if Token meets industry standards.
In addition to monitoring tokens and smart contracts, Ernst & Young has developed simulators that allow real data from public Ethereum and test Token performance against possible trading scenarios.
Zero Knowledge Proof (ZKP) Agreement
In order to achieve secure private transactions on the public blockchain, Ernst & Young has issued a Zero Knowledge Proof (ZKP) private transaction protocol. The software code is undergoing final review and is expected to be released to the public domain in the next four to six weeks.
(Odaily Planet Daily Note: Zero-knowledge proof is that it can fully prove that it is the legal owner of a certain right, and does not disclose the relevant information, that is, the "knowledge" to the outside world is "zero." Proof of Knowledge "Principles")
In addition, Ernst & Young has issued a Zero Knowledge Proof (ZKP) private transaction protocol that allows secure, private transmissions and payments over the public Ethereum network, support for homogeneous Token payments compatible with the ERC-20 standard, and with ERC-721 Standard compatible non-homogeneous Token transfer.
It is worth noting that although transactions using this technology are proprietary and not visible to others. However, Ernst & Young is not on the invisible list, it can still provide auditors and regulators with a complete traceability and transaction history, but it does not need to disclose the transaction content.
Ernst & Young is not the only audit company that has focused its attention on the blockchain, and PwC, Deloitte and the currency are not to be outdone.
PricewaterhouseCoopers integrates the blockchain directly into the existing business of the corporate group. In May 2018, PricewaterhouseCoopers directly involved in the cryptocurrency market by investing in VeChain; in October of that year, PricewaterhouseCoopers announced that it would train more than 1,000 employees through a project called the Digital Accelerator Program. Blockchain and cryptocurrency.
Deloitte is focused on improving the technical aspects of the blockchain. In September 2016, Deloitte deployed the first Bitcoin ATMs in Toronto, Canada, to demonstrate that cryptocurrencies and legal currencies can be exchanged without the need for strict KYC and AML procedures. Since then, Deloitte has set up a department within the group called “Deloitte Blockchain Lab”, specializing in the research and development of blockchain.
KPMG is shifting its blockchain business to risk assessment, auditing and consulting.
Source: Planet Daily; if reproduced, please indicate the source.