September 28, 2020 Ernst & Young launches enterprise procurement software based on Ethereum.

Ernst & Young, a Big Four accounting and professional services firm, has launched a software solution intended to aid in procurement activities using the Ethereum blockchain. EY OpsChain Network Procurement will reportedly convert procurement agreements into Solidity-based smart contracts. EY has also launched an analysis tool for the Bitcoin blockchain, which allows users to track and analyze on-chain behavior in order to monitor for fraud risks and regulatory compliance.