A blockchain solution for government spending
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.