EY Launches Fourth-Generation Blockchain Analyzer to Enhance Internal Risk Management

The EY organization has introduced the fourth iteration of its EY Blockchain Analyzer, named Reconciler, to assist enterprises in accessing wallet addresses and querying on-chain data from a third-party source to bolster their internal risk management. Fidelity Digital AssetsSM, a subsidiary of Fidelity Investments specializing in developing solutions for institutional digital asset adoption, has become the first enterprise to leverage this web-based analytics tool. The tool is accessible via EY Blockchain’s Software as a Service (SaaS) platform.

Empowering Enterprise Adoption

Since 2018, EY’s audit teams have utilized an earlier version of the web-based EY Blockchain Analyzer: Reconciler for audit procedures related to reconciling off-chain financial records with on-chain data for clients. Now, this powerful tool is made available for broader enterprise usage.

Paul Brody, EY Global Blockchain Leader, noted that with the rapid expansion of the global digital assets market, achieving operational excellence and robust internal risk management is crucial for cryptocurrency platforms. This is not only essential for gaining a competitive edge but also for building trust among…