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PwC Unveils Blockchain Validation Service

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Sat, 03/17/2018 - 18:01
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Jingnan Huo
PwC unveiled a Blockchain validation solution Friday to help clients ensure that the technology is working properly. It helps to foster confidence in the technology, PwC says
PwC Unveils Blockchain Validation Service
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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.

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About the author

Sylvia  is a Washington-based reporter and writer interested in blockchain, other fintech, future of money and how they interact with existing institutions. Besides English, she speaks Mandarin, Cantonese and French.