Northern Trust Hands Off Blockchain Solution to Fintech Firm

Asset management firm Northern Trust gives blockchain solution to Broadridge for further development. Northern Trust has handed over its blockchain platform to fintech firm Broadridge Financial Solutions, according to a press release on June 26.The Chicago-based asset management firm Northern Trust has handed over its blockchain-based private equity (PE) management solution to Broadridge for further improvement.The platform purports to streamline and automate certain tasks, such as middle office functions.…

Walmart China Will Track Food in Supply Chain with Vechain’s Thor Blockchain

Walmart China will track food move in its supply chain with Vechain’s Thor blockchain. Walmart China plans to track food through its supply chain with VeChain’s Thor blockchain, reveals a VeChain press release published on June 25.Per the release, the Walmart China Blockchain Traceability Platform (WCBTP) will be a joint venture by Walmart China, VeChain, PricewaterhouseCoopers (PwC), cattle company Inner Mongolia Kerchin, and the China Chain-Store & Franchise Association.…

Big Four Auditing Firm PwC Releases Cryptocurrency Auditing Software

Big four auditing firm PwC announced the release of a cryptocurrency auditing software solution. Big Four auditing firm PwC announced the release of a cryptocurrency auditing software solution in a press release published on June 19.Per the release, the tool newly added to PwC’s Halo auditing suite can be used to “provide assurance services for entities engaging in cryptocurrency transactions.” The firm claims that, with the new addition, the Halo suite permits PwC to provide independent evidence of private-public key pairing (to establish crypto asset ownership), and gather information about transactions and balances from blockchains.PwC further notes that it is already employing the new tool to support audits of clients involved with cryptocurrencies, and assisting companies for which the firm is not the auditor in implementing processes and controls necessary to obtain assurance reports from their auditors.…