EY today declared it had been ranked third in HFS Research’s annual Top 10 Enterprise Blockchain Services Report, based on the organization’s bold public blockchain market vision and software development-led go-to-market strategy. HFS, a technology analyst firm concentrated on determining the future of business operations, assessed 13 leading blockchain service providers on core criteria, including the ability to administer on blockchain engagements, innovation, scale and growth, and voice of the consumer, recognizing the top 10 providers that best met these standards.

EY was also ranked as a top-three performer in innovation as it relates to developing blockchain solutions. In the ranking, HFS identified EY for its strength in deep integration of business process designs with audit, tax, and compliance requirements, regarding that the global organization’s blockchain solutions involve the abilities that assist enterprises in transacting securely, safely and in full regulatory compliance on both private and public blockchains. HFS also remarked that the EY blockchain practice’s unique global team structure differentiated the organization from other consulting-led organizations within the report.

Paul Brody, EY Global Blockchain Leader, says in a statement, “It is great to be recognized for our ground-breaking work in core blockchain technology and how we have industrialized the security and privacy tools needed by enterprises for processes like product traceability and procurement. We are advancing our vision of how public blockchains will give integrate business ecosystems with the same efficiency and power that ERP did inside the enterprise.”

The report emphasized the EY OpsChain and EY Blockchain Analyzer platforms, as well as EY investments in tools for rising technologies and privacy protocols for public blockchains, the testing of smart contracts, tokenization, tokens, and identity verifications.

Saurabh Gupta, HFS Research Chief Research Officer, says in a statement, “The fourth-generation EY OpsChain solution provides an enterprise-grade secure and collaborative environment that will help drive procurement and significantly increase the number of transactions, allowing procurement professionals to focus on becoming a strategic collaborator.”