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Ernst and Young Examine Blockchain Possibilities

Financial services advisor Ernst & Young has produced a report on blockchain technology titled ‘Blockchain reaction: Tech plans for critical mass’ which looks into the upcoming potential for the technology. In the report, Ernst & Young review blockchain technology’s potential to streamline and accelerate business processes, increase cybersecurity and reduce or eliminate the roles of trusted intermediaries and centralized authorities in industry.

Paul Brody, EY Americas Strategy Leader Technology Sector, commented: “Blockchain shifts cybersecurity from depending on one to depending on many, and a large volume of people are much more trustworthy than any one individual.”

READ MORE OF THE ARTICLE AT CHAIN-FINANCE.COM

Based near Windsor, England, Matthew Warner is an enthusiast for innovative, cutting edge technologies. He is a B.Eng. graduate in engineering with honors from the University of Warwick and also holds an PGCE in education degree. Matthew is a member of Mensa.
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