PwC Unveils Blockchain Validation Service

PwC unveiled a Blockchain validation solution Friday to help clients ensure that the technology is working properly, the company announced.

Blockchain, designed to form an immutable record that does not need auditing, nonetheless needs an auditor to make it more trusted by companies as a new technology, wrote A. Michael Smith, a PwC partner in charge of internal technology audit solutions, in a blog.

Smith said in an interview with The Wall Street Journal that the technology is being used by a major stock exchange and a digital wallet provider. He declined to name the companies.