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Moore Johannesburg to Deliver Independent Attestation Services for Chainlink Proof of Reserves

We’re excited to announce that Moore Johannesburg, specifically their Blockchain and Digital Assets Division will provide third party attestations to the industry standard Chainlink Proof of Reserve (PoR).
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We’re excited to announce that Moore Johannesburg, specifically their Blockchain and Digital Assets Division will provide third-party attestations to the industry-standard Chainlink Proof of Reserve (PoR). By providing independent attestation data around assets, wallets, and more, we’ll be able to support a vast array of industry-standard Proof of Reserve feeds and unlock advanced use cases. Ultimately, this will help provide greater assurances to key stakeholders in the digital asset community and drive the mass adoption of tokenized real-world assets.

Enhancing The Transparency of Onchain Finance

Moore Johannesburg specializes in delivering exceptional audit, advisory, and tax services. As a modern, confident, and professional firm, Moore Johannesburg takes pride in their passion for helping clients succeed with high-quality assurance services, personalized advice, and an agile approach to navigating the evolving business landscape.Moore Johannesburg’s mission is to be a trusted partner, offering comprehensive audit, advisory, and tax services that empower businesses to flourish in today’s dynamic environment.

Moore Johannesburg is an independent member firm of Moore Global and part of the Moore South Africa network, a leading global network of independent accountancy firms. From a single office in London more than 110 years ago, Moore Global has grown into one of the world’s leading accountancy and advisory networks dedicated to helping our clients, our people, and the communities they live and work in.

We are a global family of over 34,000 professionals across 228 independent firms working in more than 110 countries. Together, we collaborate to help our clients with effective, practical solutions and strategic guidance.

Delivering Real-Time Attestations Onchain via Chainlink Proof of Reserve

Moore Johannesburg, through its dedicated Blockchain and Digital Assets Division, is set to provide attestations for specific offchain reserve feeds as part of the Chainlink Proof of Reserve service. These feeds, supplied by external third parties, encompass a range of offchain assets including fiat and other holdings. Moore Johannesburg will be responsible for summing and independently confirming the total value of these offchain reserves. This valuation, derived from data acquired via APIs through an external adapter, will be authenticated by us and subsequently published onchain. For further insights into the process of evaluating data sources and associated risks, additional information is available.

Moore Johannesburg has crafted what we believe is an innovative, automated system designed to streamline the integration of independent attestation data into the Chainlink Proof of Reserve. This solution facilitates the effortless transfer of attestation information regarding offchain reserves or wallet balances that underpin onchain assets, among other elements. We believe that this development marks a significant stride in ensuring more transparent and reliable financial operations on the blockchain.

Here’s why Chainlink Proof of Reserve is unlocking the next generation of onchain finance:

  • Automated Onchain Attestations — By keeping an up-to-date reference contract, smart contracts can get automated, onchain verification of an asset’s collateralization, removing the need to conduct manual attestations.
  • Decentralized — Chainlink Proof of Reserve Feeds are decentralized at the oracle node level, eliminating central points of failure in the sourcing and delivery of external data onchain.
  • Transparent — Chainlink Proof of Reserve Feeds can be monitored by anyone in real-time, allowing any user to independently verify asset collateralization.

“Moore Blockchain and Digital Assets JHB are proud to announce that we will offer Independent Attestations for Chainlink Proof of Reserve”, stated Dale Russell, Director at Moore Blockchain and Digital Assets JHB.”

“The ability of Chainlink Proof of Reserve to offer verifiable data is key to expanding onchain finance to a worldwide market,” Dale Russell stated, highlighting the importance of this collaboration in scaling and verifying global onchain financial activities.

The ability of Chainlink Proof of Reserve to offer verifiable data is key to expanding onchain finance to a worldwide market

Dale Russell, Director Moore Blockchain and Digital Assets JHB

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $8.5 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

About Moore Johannesburg’s Blockchain and Digital Assets Division

Moore Johannesburg is a forward-thinking firm that is committed to promoting progress in the world of Blockchain and Digital assets. Moore Johannesburg’s goal is to pioneer the future of Profession Services in the Blockchain and Digital Assets industry, through Expert Solutions. We deliver the experience of a new era of professional services, where technology and tradition meld to empower customers in the digital asset revolution.

As Architects of Change, We leverage our expertise to foster trust and transparency, dedicating ourselves to helping clients navigate and prepare for adoption in this industry.

TrustReserve is a Moore Johannesburg-powered suite of proprietary technology solutions. These tools leverage the power of blockchain, contributing to the trust and transparency in the digital asset economy.

Learn more about Moore Johannesburg by visiting
LinkedIn and the Moore Johannesburg Powered TrustReserve

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