Catallaxy received the Innovation Award at the Grant Thornton Experience Awards, a contest held by our global organization present in over 135 countries. The awards ceremony was held in London last October 31st.
Catallaxy stood out in the category for creating the Abacus™ software solution to audit digital assets in real time. The software is already being used by our digital data experts. International collaboration has made it possible for other Grant Thornton member firms to also benefit from this innovative and unique platform.
The software was designed and developed in close collaboration with auditors and professional accountants to ensure its accuracy. Abacus™ currently manages over 20 terabytes of blockchain data, with several gigabytes being integrated every day, an indication of the major technology infrastructure needed for this product.
In addition to cryptocurrencies, the platform can also be used to audit non-financial data stored in blockchains.
With Abacus™, Grant Thornton member firms can undertake efficient, lower-cost crypto-currency audits.
The platform will serve to position the Grant Thornton global organization as a leader among professional services firms on the leading edge of digital technologies.