Multinational professional services network PricewaterhouseCoopers (PwC) has presented an important addition to its "Halo" suite of auditing tools that PwC can use to provide assurance services for entities engaging in cryptocurrency transactions.
The new addition to Halo suit opens such key features as:
- provide independent, substantive evidence of the "private key and public address pairing" which is one of the pieces needed to establish ownership of cryptocurrency;
- securely interrogate the blockchain to independently and reliably gather corroborating information about blockchain transactions and balances.
Ultimately, PwC uses this tool to provide assurance services to clients transacting in bitcoin (EXANTE: Bitcoin), bitcoin cash (EXANTE: Bitcoin.Cash), bitcoin gold (BTG), bitcoin diamond (BCD), litecoin (LTC), ethereum (ETH), ERC20 - OAX token, and ripple (XRP/USD).
"It is important as companies continue to digitize we, as auditors, keep up with technology changes in the market, continue to develop audit tools that meet the needs of emerging technologies and serve the changing and developing demands of our stakeholders," said James Chalmers, Global Assurance Leader.
Earlier, iHodl reported that Co-Creator of PwC blockchain department, Roman Schnider, joined the Tezos Foundation in Zug as Chief Financial Officer and Head of Operations.
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