Altcoin News: One of the Largest Auditors in the World Launched a Tool for Analyzing Cryptocurrency Assets
The PwC consulting firm, which is part of the Big Four in its industry, this Wednesday unveiled an updated audit solution for clients working with cryptocurrencies.
The product is called Halo and can be used to provide warranty services to individuals associated with cryptocurrency transactions. In particular, it allows you to create independent evidence for pairs of private-public key or, in other words, to confirm the ownership of cryptocurrency assets. Additional functionality Halo also allows you to collect information about transactions and account balances in blockchains.
According to PwC, the new tool is already being used to support clients in the audit process, when cryptocurrency is among the assets. Halo can be used in other scenarios to generate warranty reports when a full audit is not performed.
“Our ability to audit an entity engaged in cryptocurrency activities is very much influenced by our client’s control environment, and at this stage, by the breadth of tokens supported by our Halo software. These considerations will be key when determining whether we are comfortable to accept an audit engagement,” the company notes.
The first version of Halo for working with cryptocurrencies was supported by Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, Litecoin, Ethereum, OAX and XRP.
PwC previously announced that regulatory uncertainty and lack of confidence restrain the spread of the blockchain.
Author: Marko Vidrih