One of the world’s largest auditing firms, PwC, also known as PricewaterhouseCoopers has just added a cryptocurrency platform to its tool of auditing arsenal in order to cater to companies dealing in cryptocurrency transactions.
The tool arsenal where the new crypto platform can be found is called “Halo” and will be designed to engage with crypto trading customers on a completely different level than before.
PwC finally managed to see the growing market of cryptocurrencies and decided it was time to enter the scene as well.
The firm will be able to provide auditing services to companies dealing with nine cryptocurrencies such as Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond XRP, Litecoin, Ethereum and ERC20 based OAX.
According to PwC, their Halo solution will implement a tracking system in the industry never seen before which is able to determine the correlation between the private key and public address.
This does take out a large chunk in the whole decentralized notion of cryptocurrencies, but it also provides additional security and the enforcement of AML laws in most countries.
PwC is looking at this addition in its Halo solution as a way to cater to their already existing clientele as well as spread the awareness to third party companies in order to ensure a transparent blockchain market from here on out.