ProtocolScout Integrates Top Assets on the Ethereum Mainnet
Accounting on/around the blockchain is both simple and difficult.
Yes, the blockchain transactions are already recorded as a ledger, which means that it is relatively simple to read and process the entire blockchain since its genesis block.
But, it gets more difficult because:
- You, as a 3rd party accountant do not need all the transactions, and should therefore first filter those about your customer;
- Account/user IDs are shared across many blockchains so you should collect data from many protocols (and each is a separate data source);
- Anyone can create assets on the blockchains and many assets exist but the blockchain’s native “language” RPC does not let you get a whole list of assets in some account;
- Nor can we use the native RPC “language” to get the whole list of assets which exist on the specific blockchain.
The above are some of the reasons why we’ve been building tools around the blockchain to expand its functionality. Those curios about the underlying principles can review our series about the accounting duality of blockchain: Part 1 (transactions), Part 2 (wallets & balances) and Part 3 (assets & history).
ProtocolScout is the first tool in the category of blockchain explorers built specifically for CPAs and auditors.
Recently we have launched integration for the top 256 assets on the Ethereum mainnet. Each time you submit a wallet address we attempt to retrieve balances for the top assets automatically so that you don’t have to request them separately, one by one. In this picture you can see “latest” block balances for “0xA9D1e08C7793af67e9d92fe308d5697FB81d3E43” which held 101 assets at that time:
Follow this link to try it and repeat the inquiry:
https://protocolscout.com/all/balances/0xA9D1e08C7793af67e9d92fe308d5697FB81d3E43?networkId=2
Another powerful feature is our query with a date, hour and timezone. If you were in Los Angeles but your client closed their quarter in Berlin, you could add such accounting settings and obtain results similar to the following snapshot:
Btw, Los Angeles is ~2000 blocks “after” Berlin so you should use timezones for best precision — pleas follow this link to try it:
