Please ensure Javascript is enabled for purposes of website accessibility

EY Is Excited About Blockchain, You Guys

Blockchain is a technology that is supposed transform modern business although few people seem to understand how.

But whatever! It's going to be more secure, decentralized and will involve a lot of fancy algorithms and stuff. Regardless of how much anyone knows or comprehends it, EY is on the bandwagon:

It turns out that one more of the largest accounting firms in the world — one of the so-called “Big Four” — is a believer in technology similar to that which underlies bitcoin. In an email, Ernst & Young said its excitement in the blockchain went beyond what it could do for them.

When your excitement goes "beyond" what it can do for you, that sounds a little bit like a hamfisted sales pitch. Or a religious evangelism. "Blockchain is so great, we can't wait for you to experience it, too!"

“Blockchain is important to us to meet the future needs of our clients with respect to distributed ledger technologies,” a representative of the London-based firm, which has its U.S. headquarters in Times Square, wrote in an email to the New York Business Journal. 

And then you look at them like they're some kind of FREAK. If you doubt their commitment, they “may” have a white paper coming out soon. That's how you know they're serious.


Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

EY building

EY Split Update: There’s a Battle Royale Going Down This Week

Does anyone still care about the EY split? Did anyone ever? Well, here’s your semi-weekly update anyway. Wall Street Journal reports that EY Global CEO Carmine Di Sibio and EY US Chair Julie Boland will be going head-to-head in Palo Alto this week to hash things out. As you may remember, Boland dared to raise […]

trash can fire

Former Client Cockblocks the EY Split to Make Sure They Get the $2.7 Billion They’re Suing EY For

While it appears the EY split is going off the rails, despite assurances to the contrary from people who stand to make many millions of dollars from it, one former client — or rather, the client’s administrators as the client burned to the ground three years ago — is not satisfied with letting the drama […]