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Multimillion-dollar investment in EY Blockchain Analyzer delivers new upgrades for blockchain and cryptocurrency audit and tax services

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EY today announced the launch of the second generation of EY Blockchain Analyzer, a blockchain analytics tool, at the annual EY Global Blockchain Summit. The summit convenes more than 200 executives, analysts and EY clients to offer a first-time demo of the full EY blockchain solutions suite and provide a comprehensive view of the state of the technology’s integration across industries.

Over the past two years, EY Blockchain Analyzer has undergone significant developments as part of a multimillion-dollar investment and is expected to be available for use by EY client-serving teams in 2019 across a selection of more than 100 EY Assurance clients that hold or trade cryptocurrencies or operate in the blockchain ecosystem. These developments include the support of multiple new cryptocurrencies on the platform, added functionality relevant to private and public blockchains, and a globally accessible and available platform.

The first generation of the EY Blockchain Analyzer was designed to facilitate EY audit teams in gathering an organization’s entire transaction data from multiple blockchain ledgers, to reconcile that data to EY clients’ books and records and to perform enhanced analytics, including trend analysis and identification of outliers.

Through this major upgrade, a version of this second generation EY Blockchain Analyzer is available for EY teams and non-audit clients as a business application that is accessible anytime and helps enable financial reporting, forensic investigations, transaction monitoring and tax calculations, to support EY teams and clients globally across Advisory, Tax and Transaction Advisory Services.

Paul Brody, EY Global Innovation Leader, Blockchain, says:

“With the second generation of EY Blockchain Analyzer, we are building a true platform solution that can be used for multiple purposes such as audit, tax and transaction monitoring, depending on client needs.  From the start, we have had technologists and audit practitioners working together on this platform so we can keep our technology and audit methodology aligned and meet our professional standards.”

The latest version of EY Blockchain Analyzer being showcased at the EY Global Blockchain Summit supports analysis of zero-knowledge proof (ZKP) private transactions on the public Ethereum blockchain, as well as the Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin public blockchains. EY Blockchain Analyzer also supports private Ethereum, Quorum and Hyperledger blockchains.

Felice Persico, EY Global Vice Chair – Assurance, says:

“As technologies continue to evolve, so too does the need to integrate transformative capabilities into our audit tools. The second generation of EY Blockchain Analyzer will provide valuable evidence for audits in various sectors.”

In addition to transaction analysis, the new version of EY Blockchain Analyzer will support tax calculation for crypto-assets. Leveraging the insights and assets acquired with the Andy Crypto-Asset Accounting and Tax (AndyCAAT) tool in 2018 for better visibility into cryptocurrency transactions and inventory, the newest version of this technology can automatically calculate capital gains and losses on transactions in compliance with US tax law.

Kate Barton, EY Global Vice Chair – Tax, says:

“Integrating the prior acquisition of AndyCAAT into the global EY network for tax services exemplifies our commitment to digital innovation in the tax area. We are committed to providing clients with seamless one-stop solutions from transaction monitoring and security to tax calculation. With EY Blockchain Analyzer, we are delivering on that vision.”

EY will gradually expand the geographic coverage for tax calculation globally after the 2019 tax year. EY engagement teams have served more than 100 clients using AndyCAAT to help calculate their taxes this year and, from next year, the tax functionality within EY Blockchain Analyzer will be available to all EY Tax practitioners.

In addition to the second generation of EY Blockchain Analyzer, EY has announced a suite of blockchain solutions and upgrades at the EY Global Blockchain Summit, including the release of the first generation of EY Ops Chain Public Edition into the public domain, as well as the launch of EY Smart Contract Analyzer and the second generation of EY Ops Chain.

 

SOURCE EY


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CCELL®

CCELL Launches Environmentally Conscious Eco Star AIO Vaporizer

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SHENZHEN, China, April 15, 2024 /PRNewswire/ — CCELL®, the world’s leading technology brand focused on creating trendsetting vape hardware products and advanced vaporization technology, today announced the launch of the Eco Star, the company’s all-in-one vaporizer focused on sustainability, wide-ranging oil compatibility, and ease of use.

The Eco Star’s casing material is made of biodegradable and plant-based PLA, a material that can be decomposed by bacteria or other living organisms. By adopting this type of eco-friendly casing, CCELL seeks to provide an option that can reduce the cannabis industry’s overall environmental impact and build a more sustainable society.

Built within the casing is a removable and recyclable lithium-ion battery. This thoughtful pull-apart design allows consumers to easily remove the battery before disposing of the casing, empowering them to contribute towards a greener Earth.

The Eco Star also features complete compatibility with all types of cannabis oils, clog-free dual air vents, and an isolated airway that ensures the cleanest possible vapor.

With increasing environmental challenges worldwide and tightening regulations on vape products, the Eco Star was introduced with the intention of raising environmental awareness across the industry.

The company has also implemented other measures to align its practices with its long-standing sustainability-focused values. These include offering biodegradable and plant-based PLA mouthpieces among its customization options. Additionally, the company uses energy-efficient aqueous processing in producing its patented ceramic heating cores to reduce greenhouse gas emissions.

Before the product’s official launch, CCELL provided their customers and consumers with an early look at the Eco Star at TPE24 and Hall of Flowers Ventura in the US, and Spannabis Barcelona in Spain.

Disclaimer for battery disposal: CCELL does not recycle lithium-ion batteries. Battery recycling requirements may vary by country, city, etc. Please contact your local recycling center for more details before disposal.

About CCELL®

CCELL® is a technology brand and global innovator in the portable vaporizer space that revolutionized the industry by introducing the ceramic heating component. CCELL® was born in the headquarters of Shenzhen Smoore Technology Limited, which has more than 10 years of expertise in the vaporization industry. With advanced R&D resources, patented technologies, strong production capabilities, and reliable quality control systems, CCELL® is recognized around the world for its exceptional vaporization technology and top-quality devices.

Learn more about CCELL® at www.ccell.com as well as on LinkedIn, Instagram, Facebook, Twitter, and YouTube.

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