Category: blockchain technology

AICPA to Update Auditing Rules to Reflect Blockchain and New Technologies 

The Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA), has announced plans to update the existing auditing standards to reflect the impact of new technologies such as distributed ledger technology (DLT), robotic process automation (RPA), artificial intelligence (AI) and others on the rapidly evolving technical […]

Phillippines Department of Trade and Industry Ink MOU with American Blockchain Firm

The Philippines’  Department of Trade and Industry (DTI), has signed a memorandum of understanding (MOU) with Monsoon Blockchain Storage Inc., a U.S.-based firm that specializes in cloud data storage optimization. The two are aiming at enhancing capacity building and institutional development on the effective use of the distributed ledger technology […]

Metlife Chooses Ethereum Blockchain to Disrupt the $2.7 Trillion Life Insurance Industry

According to a Forbes article published on June 19, 2019, insurance giant Metlife is considering leveraging the Ethereum blockchain to disrupt the $2.7 trillion life insurance industry. Simplifying Life Insurance The insurance industry is ill-reputed for its excessive paperwork and formalities that help move business operations along. Claiming life insurance […]

PwC Updates Halo Suite to Audit Cryptocurrency Transactions

The Big Four consulting firm PricewaterhouseCoopers (PwC), revealed via a press release published June 19, 2019, the addition of a tool to its Halo Suite that would be used to audit cryptocurrency transactions. Per the report, the new software tools presently support eight virtual tokens, including bitcoin, bitcoin cash, litecoin, and […]

European Commercial Paper (ECP) on Blockchain Thanks to Banco Santander and EY

The Belgian company Euroclear has announced the development of a blockchain project for the issuance of European Commercial Paper (ECP). The proposed solution is a collaboration between the European Investment Bank (EIB), Euroclear, Banco Santander, and EY.  Bringing more Transparency to the ECP Market Euroclear announced on June 19, 2019, that […]

Hyperledger Adds Microsoft and Salesforce to Consortium

Hyperledger, a leading open source distributed ledger technology (DLT) project focused on advancing cross-industry blockchain technologies, has announced the addition of eight new members to its growing consortium, including Microsoft, the Ethereum Foundation, Nornickel, and Salesforce among others, according to a press release on June 18, 2019. Hyperledger Expands As […]