EY announced the launch of EY OpsChain Public Finance Manager (PFM), a blockchain-enabled solution designed to help governments improve their processes for financial management of public funds.

EY OpsChain PFM aims to help governments drive transparency; provide accountable outcomes for citizens; and track budgets, expenditures, and results. It uses blockchain technology to match government spending programs with tangible outcomes, even as funding may pass through multiple layers of government and public service agencies.

The EY OpChain PFM release builds upon work in the public sector by EY member firms around blockchain technology.