![Capture.JPG](https://cdn.steemitimages.com/DQmVUJzEFhwL1pohwwCAXCaScyouaDzizHWHeU2FRYAQyHz/Capture.JPG) [**PHOTOSOURCE: COINDESK**](https://www.coindesk.com/all-big-four-auditors-trial-blockchain-platform-for-financial-reporting/) The world's four biggest accounting firms- [**Deliotte,**](https://www2.deloitte.com/global/en.html) [**PwC,**](https://www.pwc.com/gx/en.html) [**E & Y**](https://www.ey.com/) and [**KPMG-**](https://home.kpmg.com/xx/en/home.html) are collaborating with a **consortium of 20 banks in Taiwan** to trial a blockchain platform for auditing the financial reports of listed companies, according to [**Coindesk.**](https://www.coindesk.com/all-big-four-auditors-trial-blockchain-platform-for-financial-reporting/) The blockchain platform- developed by [**Taiwanese company Financial Information Service Co. (FISC)-**](http://www.fisc.com.tw/EN/ab-history.html) will store the transaction data of the listed companies, which is validated by the **20 banks.** "The goal is to allow auditing firms to view the transactions through a traceable and tamper-proof chain of data in distributed manner, streamlining and automating the confirmation process," as stated on [**Coindesk.**](https://www.coindesk.com/all-big-four-auditors-trial-blockchain-platform-for-financial-reporting/) [**FISC**](http://www.fisc.com.tw/EN/ab-history.html) shared on [**Coindesk**](https://www.coindesk.com/all-big-four-auditors-trial-blockchain-platform-for-financial-reporting/) that the new blockchain platform will dramatically reduce the time needed to confirm the transaction data from **about 15 days to less than one day.** The above is indeed great news for cryptocurrency enthusiasts. As blockchain technology gets integrated into various industries by prominent companies, it definitely bodes well for the **long term viability of blockchain currencies.** For readers who are currently interested in **trading cryptocurrencies,** I would recommend the [**EASYMARKETS online trading platform.**](https://record.partners.easymarkets.com/_KfjTjoewbGONMEuF_8KqQmNd7ZgqdRLk/1/) The [**EASYMARKETS trading platform lists Bitcoin, Ethereum and Ripple.**](https://record.partners.easymarkets.com/_KfjTjoewbGONMEuF_8KqQmNd7ZgqdRLk/1/) [**EASYMARKETS**](https://record.partners.easymarkets.com/_KfjTjoewbGONMEuF_8KqQmNd7ZgqdRLk/1/) was established in **2001** and has built up an enviable reputation as a **trustworthy and innovative** online broker. Kindly refer to my [**previous article**](https://steemit.com/news/@investprosper/trade-bitcoin-forex-stock-indices-and-commodities-easily-with-easymarkets) regarding the benefits and key features of [**EASYMARKETS.**](https://record.partners.easymarkets.com/_KfjTjoewbGONMEuF_8KqQmNd7ZgqdRLk/1/) For traders who wish to avail of this **amazing platform,** you may [**register here.**](https://record.partners.easymarkets.com/_KfjTjoewbGONMEuF_8KqQmNd7ZgqdRLk/1/) Please feel free to [**download a complimentary guide to trading psychology by EASYMARKETS.**](https://record.partners.easymarkets.com/_KfjTjoewbGOii1sn2HgVoWNd7ZgqdRLk/1/) Cheers, All the best for your trading endeavours!
post_id | 57,050,432 |
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author | investprosper |
permlink | big-four-accounting-firms-to-trial-blockchain-platform-for-auditing-listed-companies-financial-reports |
category | blockchain |
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