Armanino Press Release
Press Release

Armanino’s TrustExplorer Brings Enterprise-Grade Trust to Blockchain Ecosystems

February 05, 2020

SAN RAMON, Calif. (Feb. 5, 2020) – Armanino LLP, one of the 25 largest accounting and business consulting firms in the U.S., today announced the expansion of its blockchain assurance technology platform, TrustExplorer. TrustExplorer’s Real-Time Attest functionality is now complemented by a Trusted Node data service providing a source of transaction and account data for users and users’ auditors, backed by Armanino.

As the first compliant data service of its kind, the Trusted Node service is maintained under a robust compliance program and subject to SOC 1 audit. Hedera Hashgraph, a public distributed ledger for building decentralized applications (dApps), is the first to partner with Armanino in offering ecosystem participants access to trustworthy and easily accessible data from the Hedera Hashgraph Main Net and Mirror Net.

“Putting data on blockchains and distributed ledgers offers great promise, however, making that data usable is hard. We believe there can be no mainstream adoption without enterprise-grade trust mechanisms. Today, we are building more trust and transparency with key partners and providing real tools to facilitate adoption,” said Andries Verschelden, Armanino partner-in-charge of Blockchain. “Our TrustExplorer platform, and all its applications, were designed from inception to be compliant, with a robust and auditable control environment.”

Armanino’s TrustExplorer is scheduled to be audited by a third-party independent accountant under the American Institute for Certified Public Accountants (AICPA) system and organization controls (SOC) reporting standard. The firm created an open API service, allowing users to query and receive data from Mirror Net directly through TrustExplorer’s Trusted Node site. Now enterprise ecosystem participants and their auditors, as well as individual users and developers, have a readily accessible and reputable secondary source subject to industry-standard assurance reporting (SOC). The AICPA’s SOC reporting standard is an industry-standard audit and reporting mechanism for private and public companies covering the effectiveness of controls at a service organization relevant to a user entity’s internal control over financial reporting.

Armanino’s Trusted Node solution builds on a growing legacy of leadership in assurance technology for blockchain and non-blockchain use cases. Last year the firm launched TrustExplorer’s Real-Time Attest, the first real-time attestation system capable of issuing audit reports to users in real time and on demand.

Learn more about Armanino’s TrustExplorer and other services.



About ArmaninoLLP

Armanino LLP (www.armaninollp.com) is one of the 25 largest independent accounting and business consulting firms in the nation. Armanino provides an integrated set of audit, tax, business management, consulting and technology solutions to companies in the U.S. and globally. The firm helps clients adapt and change in every stage of business, from startup through rapid growth to the sale of a company. Armanino emphasizes smart technology, leading a cloud revolution of financial, operational, sales and compliance tools that are transforming the way companies do business. Armanino is an independent member firm of Moore North America Inc. (MNA), which is itself a regional member of Moore Global Network Limited (MGNL), one of the world's major accounting and consulting membership organizations. All the firms associated with MNA and MGNL are independent entities, owned and managed in each location. Their membership in, or association with, MNA or MGNL should not be construed as constituting or implying any partnership between them. In addition to its core consulting and accounting practices, Armanino operates its division, AMF Media Group (www.amfmediagroup.com), a media and communications services agency. Its affiliate, Intersect Capital (www.intersectcapitalllc.com) is an independent financial planning, wealth and lifestyle management firm.

Stay In Touch

Sign up to stay up-to-date with the latest accounting regulations, best practices, industry news and technology insights to run your business.

Resources
Related News & Insights
Women in Life Sciences ESG
Webinar
Join us for a blooming ESG discussion and a floral arrangement workshop!

July 20, 2022 | 03:00 PM - 05:00 PM PT
Unleash Your Nonprofit’s Fundraising Cloud Strategy
Webinar
Realizing you need to replace outdated and siloed technology is step one.

July 19, 2022 | 01:00 PM - 01:30 PM PT
Why SaaS Metrics Matter Webinar Thumbnail
Webinar
Discover how collecting and reporting the right SaaS metrics can help analyze the health of your organization.

July 19, 2022 | 10:00 AM - 11:00 AM PT