KANALCOIN NEWS – One of the largest accounting firms in the United States, EY, has officially added a new tool as a new solution to their Blockchain Analyzer product range. The tool has the name Explorer and Visualizer Solution.
This Explorer and Visualizer Solution will later serve as a tool to investigate on-chain data, including transactions that occur in Bitcoin (BTC). EY’s Explorer and Visualizer Solution was launched on Saturday (27/9/2020) local time.
According to the announcement released by EY, Explorer and Visualizer Solution is available in beta and free which can be accessed by individuals. EY stated that a full version of Explorer and Visualizer Solution will soon be installed on their blockchain website.
The hope is that installing this Explorer and Visualizer Solution on their blockchain website can be a solution for users. In addition, users will be able to use it to help with their Bitcoin transactions.
By using the Explorer and Visualizer Solution, users will be able to take advantage of the search function along with the visualization technology that the tool has.
The Explorer and Visualizer Solution capabilities allow audit teams to explore and track on-chain data by searching for specific transactions, addresses, and blocks. The data obtained from these activities can later be analyzed to manage legal, compliance and fraud risks.
In addition to the on-chain data exploration and analysis features, Explorer and Visualizer Solution is also able to make financial reporting for blockchain-enabled transactions more convenient. This was conveyed directly by EY’s Head of Global Forensic and Integrity Services, Andrew Gordon.
Making financial reports by EY’s Explorer and Visualizer Solution will later be able to help track any fraud that occurs in Bitcoin transactions.
Not only Explorer and Visualizer Solution, EY reportedly also launched other tools on their platform. This time, EY launched a new procurement solution on their own OpsChain platform.
Not only Explorer and Visualizer Solution, EY reportedly also launched other tools on their platform. This time, EY launched a new procurement solution on their own OpsChain platform.
This new procurement solution on EY’s OpsChain platform is also still available in beta which can be used free of charge. This tool can later move business processes from enterprise resource planning systems to shared blockchain-based smart contracts.
In addition, companies can also automatically track global volumes and expenses through a new procurement solution on EY’s OpsChain platform.
Not only for companies, this new procurement solution is also expected to help buyers and sellers have equality and work to globally agreed terms and prices.
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