EY has launched a blockchain solution for governments to help them manage spending. The EY OpsChain Public Finance Manager (PFM) is designed to aid transparency, keep track of budgets, expenditure and results, and increase accountability. “Modern public financial management requires focusing on the things that matter most – transparency, accountability and robust evidence for decision-making – all factors that can be enhanced by blockchain technology,” said Mark MacDonald, EY Global Public Finance Management Leader. EY is elsewhere partnering on blockchain-related projects with the City of Vienna, the US Department of Health and Human Services, and Microsoft.
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Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.
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