Ernst & Young Blockchain

Consulting & Advisory · DLT Technology
Ernst & Young Blockchain header

Ernst & Young Blockchain

Consulting & Advisory · DLT Technology

EY's global blockchain division

United Kingdom, London
2015
Year of establishment
Active
Status

About

Hi we’re Ernst & Young Blockchain!


Ernst & Young is using blockchain technology to transform the business lifecycle with EY OpsChain, EY Blockchain Analyzer, and Nightfall. They are very public about developing on public chains vs private chain as they believe that in the long run, this will lead to greater value creation.

"EY can help you with the complete business lifecycle from contracting, ordering, fulfilling, invoicing, to payments. You can do business on a blockchain with EY OpsChain and then get insight into what happened with EY Blockchain Analyzer. EY also knows how to manage the tax and audit requirements for blockchain-based transactions. Working with EY, companies can be confident about getting the benefits of this new technology while handling the regulatory and tax complexities of an emerging ecosystem."

The EY OpsChain platform lets companies interact with their business partners, customers and suppliers, over public or private blockchains. It aims to facilitate the tokenization of key business assets like inventory or contracts, and represents them on a blockchain, as tokens, contracts or payments.

The EY Blockchain Analyzer platform is designed to facilitate and support Audit teams in the reconciliation of data between the client’s books and records and the public ledger. It helps Audit teams understand what clients are doing on the blockchain, and how their business is shaping up in that environment.

Nightfall makes transactions on public blockchains secure and private. It replaces sensitive business information with a type of cryptography called a Zero Knowledge Proof. This technology is designed to bring trust to public blockchain transactions and has been released in the public domain allowing for secure, private transfers and payments on the public Ethereum network.

Key objective

The future of doing business will be through tokens and smart contracts, enabled by blockchain.

Slogan / Motto

The future of doing business will be through tokens and smart contracts, enabled by blockchain. EY has a clear vision and strategy for how blockchain is digitalizing and integrating supply chains by knitting together business operations and finance at the ecosystem level.

Use cases

Blockchain Services
Blockchain Advisory
Blockchain Development Platform

Team

Team members

Jeanne Boillet EY Global Assurance Innovation Leader

Responsibilities

As EY Global Assurance Innovation Leader, Jeanne is responsible for managing disruption and fostering innovation across the Assurance practice. She brings our vision for the audit of the future to life by by exploring emerging trends and technologies that impact our clients, redesigning internal processes, embedding an innovation culture within audit teams and helping to implement effective approaches for clients.

Paul Brody EY Global Blockchain Leader

Responsibilities

Paul drives EY initiatives and investments in blockchain technology across consulting, audit and tax business lines. He has held a number of leadership positions in the areas of internet of things, supply chain and operations and business strategy, working with many client organizations.

Customers / Partners

Products

News

EY deploys blockchain products on China’s Blockchain-based Service Network

EY is collaborating with major Chinese blockchain projects like BSN and FISCO BCOS to expand its blockchain deployment in China.


3 months ago


Product update/release
Ernst & Young Blockchain

EY to extend enterprise blockchain to China on ‘localized’ Ethereum via BSN

Global consulting giant EY is partnering with the Blockchain Service Network to expand its Ethereum-based OpsChain to China. The post EY to extend enterprise blockchain to China on ‘localized’ Ethereum via BSN appeared first on The Block.


3 months ago


Partnership
Ernst & Young Blockchain
Ethereum
The Block

Microsoft, EY Expand Blockchain Platform for Gaming Rights to Include Payments

Microsoft, Ernst & Young LLP (EY) announced plans to use its blockchain platform to allow Microsoft’s Xbox gaming partners, artists, and content creators to track and manage their payments and royalty contracts.


5 months ago


Partnership
Microsoft Corporation
Microsoft Blockchain Azure Service
Ernst & Young Blockchain

Crypto Custodian Anchorage Gets SOC 1 Security Certification With Big 4 Auditor EY

The report is granted after an independent third-party audit of a company's internal systems and controls supporting client financial reporting.


6 months ago


Regulation/Legal
Anchorage
Ernst & Young Blockchain

Quadriga CX Trustee Raises $30 Million for Reimbursements to Creditors, Claimants Want $171 Million Instead

The trustee of the now-defunct crypto exchange, Quadriga CX says the sell-off of the platform’s assets raised $30 million. This contrasts with the $171 million in claims that has been filed with the trustee by Quadriga creditors. Consequently, Ernst and Young (EY), the accounting firm mandated with administering Quadriga’s liquidation process, says it will not […] The post Quadriga CX Trustee Raises $30 Million for Reimbursements to Creditors, Claimants Want $171 Million Instead appeared first on Bitcoin News.


6 months ago


Investment
Ernst & Young Blockchain
Bitcoin