One of the Big 4s, PwC, is undoubtedly one of the most ardent supporters of blockchain and the magic the technology “can spread” on a corporate business, especially considering the harsh competition that audit and consulting companies currently face.
Now, PwC is offering a new tool to audit crypto transactions. The information comes from a news post by Coindesk. The new feature will be an integral part of the company’s Halo data site, which deals with audit.
The new PwC’s tool will allow users to take a deeper look into the crypto transactions they execute. The tool provides an independent and significant evidence of the “private key and public address pairing” to establish the actual ownership of the digital coin and at the same time gather useful information about balances and blockchain transactions.
This new tool will be used in auditing clients that trade with cryptocurrencies such as bitcoin, bitcoin gold, litecoin, OAX, ripple, bitcoin cash and bitcoin diamond. What is interesting, however, is the fact that the new toll is also offered as a product to companies that are not direct clients of PwC.
As reported by Mrs. Baydakova from Coindesk, this is what PwC had to say about the new tool and its application:
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