Who organized his own private financial budget from time to time, know how fast the thing can be a complex matter. If you imagine, what quantities are planning to make transactions for governments and budgeting, it is no wonder that it comes to bad planning and waste of taxpayers ‘ money. But this does not have to be in today’s time, thanks to the Blockchain technology. The Ernst & Young (EY), one of the “Big Four” companies, and a financial Management Software for governments on the Basis of the Blockchain technology built in. The Blockchain for governments and public budgets is a Killer Use Case?
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Blockchain for governments and public budgets is a real Use Case? – EY says Yes
According to an announcement from last Tuesday EY is launching a Blockchain platform called “EY OpsChain Public Finance Manager”. This has as a target group, no less than governments, should coordinate so that your income and expenses better. The special feature of the Blockchain platform is that there is a harmonised Dashboard, showing all the transactions transparent.The Software should run on the internal Blockchain, Ernst & Young, the OpsChain,. The custom Blockchain platform makes it possible for auditors and managers of public funds to monitor their use in real-time.Trading on BitMEX, with up to 100-fold leverage. Do you want to move also larger sums, but the money is missing? On BitMEX, you can act through the lever with 100€ a volume of up to€ 10,000 and your profit times the verhundert. Of thinking but always remember, the higher the leverage, the greater the risk! Now on BitMEX sign up.
Successful completion of the Test and high targets for the Blockchain application
The EY OpsChain Public Finance Manager has already been tested in extensive Tests, for example, in Toronto, Canada. At this point, the EY OpsChain Public Finance Manager aims to change the management of public funds. However, it must be done a lot more in order to have a meaningful influence on the processes of public funding.However, it is likely that the EY project to introduce the Blockchain technology in government circles and lead to an increasing acceptance of is.Ernst & Young (EY), Deloitte, KPMG and PricewaterhouseCoopers (PwC) are the largest four auditing firms in the world. You are a leader in the testing of Audit and Advisory solutions for governments and their contribution to the application of new technologies such as the Blockchain can’t be stressed enough.Ernst & Young ensures that the Blockchain moves in government circles. What do you think of the use case and its probability of success? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)