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About the PwC Blockchain Analytics tool
Pricewaterhouse coopers, an important accounting company, has announced that it is currently conducting tests on a block analysis utility. At its launch, the tool will exchange digital tokens. The software is aimed at combating the illegal use of project tokens. As a result, blockchain companies are expected to wait impatiently for the launch of this analysis software.
Ico's proliferation has captured the attention of many, including PwC. Nowadays, mass sales are the preferred means of raising funds, a particularly high trend among Asian companies. As a result, PwC and Eric Young, its forensic service partners, have developed interest and intend to seize a business opportunity from this nascent culture.
According to expert insights, PwC and Eric Young want to capitalize on the massive migration of Asian encryption companies from China to Hong Kong and Singapore. These two positions are favored because of their friendly rules for ICOs, while China is renowned for its strict rules.
Eric Young indicated that the analysis tool will automatically grant cryptocurrency tracking capabilities to project owners after an ICO. Thus, the company can block the illicit use of its tokens or coins. Young reiterated that this is the first service that tracks the use of digital currencies in addition to the capabilities of blockchain technology, such as incontrovertibility.
Eric praised the integration of an expert artificial intelligence system within the instrument, stating that it would provide the areas of use for cryptocurrency data. Using the forecasts, the company would apply a high risk score in the indicated area.
Lately, PwC has worked in collaboration with several institutions that have imminent ICO. In return for a research opportunity, PwC provides a range of legal services including cash countermeasures, support and advice in court cases and tax advice. In addition, towards the end of 2017, PwC Hong Kong declared accepting Bitcoin payments in its consulting offices.
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