Massive 4 accounting agency EY has launched a brand new answer for investigating on-chain information together with Bitcoin (BTC) transactions. 

The brand new Explorer and Visualizer answer launched as part of the EY Blockchain Analyzer product suite. In response to an announcement on Sep. 27, the beta model is now obtainable free of charge for people. 

EY additionally stated that it’ll quickly make the answer obtainable as a service on its blockchain web site.

Customers will be capable to make the most of search functionalities together with its visualization expertise. It is going to permit audit groups to discover and monitor on-chain information by looking for particular transactions, addresses and blocks. They could then analyze the gathered information to handle authorized, compliance and fraud dangers. 

EY world forensic and integrity providers lead Andrew Gordon stated that the Explorer and Visualizer answer will make monetary reporting for blockchain-enabled transactions extra handy. It is going to assist “spotlight potential outliers together with fraudulent red-flag actions,” he added.

Moreover, EY has launched a brand new procurement answer on its OpsChain platform — EY OpsChain Community Procurement — which can expectedly allow firms to privately and securely conduct end-to-end procurement actions on the Ethereum blockchain.

Presently obtainable in free beta, the answer is alleged to maneuver enterprise processes from enterprise useful resource planning programs to shared blockchain-based good contracts, permitting them to robotically monitor volumes and world expenditure. The answer can be anticipated to assist patrons and sellers have parity and work with globally agreed phrases and pricing.