While off-chain data, like bank balances, does not inherently exist on-chain, its integration would be highly beneficial for use in smart contracts, defi, and the like. Nevertheless, the “bridging” of this off-chain data presents challenges in terms of trust and transparency. Addressing this, an independent auditor serves as the ideal intermediary to meticulously aggregate and present data for oracles, facilitating secure publication on the blockchain.
Our On-chain Proof of Reserves system, overseen by independent auditors, proficiently aggregates and analyzes information. This system then publishes data through API to blockchain oracle networks, ensuring a secure and transparent process when bringing the data on-chain. Elevate your data management with a professional and trustworthy approach.
The information is exposed via API by the source ingested by a system such as LedgerLens.
Node operators read the information and bring it on chain for use in smart contracts, defi, and more.
All the tools you need to execute On-chain Proof of Reserves engagement, out-of-the-box in one spot.
Easily generate a Merkle Tree in minutes, for up to millions of client’s customers, with our step-by-step process.
Configure your settings, manage your engagements, and support your clients with a robust data collection and reporting engine.
Expose a summary of information that ingested by LedgerLens and expose to Oracle Networks node operators such as Pyth or Chainlink.
Essentially, any type of Issuer who issues a token that is holding a real-world asset in reserve to “back” the token. Additionally, ETF issuers can benefit from Real-Time Reserves.
whereby a security instrument is issued, and is backed by assets held in reserve by the issuer’s custodian on behalf of token holders.
LedgerLens’ team of certified public accountants and blockchain experts are here for engagement support to get your practice off the ground.
Use LedgerLens’ personnel to staff and support your digital asset engagements
Leverage our team of experienced, certified public accountants to train and equip your team.
No audit or accounting standards exist for publishing data onto blockchains. Therefore, the output for this service alone is not technically an “attestation” when using the definition adopted by auditors and accountants. Typically, On-chain Proof of Reserves is a “data aggregation and presentation” non-attest engagement.
Yes! In fact, it is encouraged to provide real-time transparency to your “traditional” users expecting a CPA attestation, along with crypto-native users expecting an On Chain Proof of Reserves!
