Trusted-Node | Armanino

Protected Data

Blockchains and Distributed Ledger Technology (DLT) have the power to make data more transparent and more reliable; however, for ecosystem participants and their auditors extracting and interacting with on-chain data presents significant inefficiencies. Even where data can be readily extracted and presented, the reliability of such data needs to be demonstrable to an audit team.

This problem can be solved by utilizing Armanino’s Trusted Node Service API because it allows an auditor to not only query data from a node hosted and maintained by a known and reputable party, but also the ability to obtain industry standard assurance reporting upon which they can place reliance. Specifically, we have implemented a program of controls to meet SOC 2 and other industry standard frameworks.

Data from a Trusted Node is especially valuable to ecosystem participants including:

dApp Developers

Use only the most trusted and reliable data for your decentralized application.

Auditors

Rely on SOC2 certified controls to ensure DLT data is complete, accurate, and reliable.

Enterprise Teams

Ensure the accounting and operational functions use the most reliable data for basis of business decision-making.

A View From Our

Armanino is the first accounting firm to formalize and complete a ‘Proof of Reserves’ for a digital asset exchange. With a combination of traditional audit and industry tools, we are able to provide much-needed transparency to users of virtual asset service providers.

Noah Buxton

Digital Asset Practice Leader, Armanino LLP