SGV Advisory team conducts Blockchain Roadshow

The SGV Advisory team conducted a roadshow on the different applications of blockchain technology at the SGV Automation & Innovation Hub in Makati City on 26-27 June.

EY Global Blockchain Leader Paul Brody led the discussion on the basics of blockchain and its uses in the operations of various industries and businesses.

Together with SGV Principal Armand N. Cajayon and assisted by Advisory Senior Managers Ramil Cantoneros and Dara Ledda Urbiztondo, Paul also discussed the developments in EY’s global blockchain initiatives and provided insights on how blockchain can be leveraged on enterprise solutions. He also demonstrated several EY Blockchain tools namely:

– EY Blockchain for Public Finance: This tool aims to improve public financial services and unlock better finance outcomes; promote transparency on budget allocation and disbursement by defining policies and KPIs on the smart contracts in the blockchain.
– EY Tesseract: This integrated blockchain platform is designed to support the future of the mobility and logistics industry. It can be integrated with ERP to provide more efficient Ops Chain solutions and services.
– EY Blockchain Analyzer: This supports EY audit teams in gathering an organization’s entire transaction data from multiple blockchain ledgers.

Roadshow participants included CISOs and CEOs from the financial, science and technology, academic, and healthcare industries. Also present during the event were Advisory Partners Ryan Gilbert K. Chua, Christian G. Lauron and Francisco A. Lumbres, as well as Tax Partner Lee Celso R. Vivas.