Ernst and Young invest $100 million to expand the blockchain product suite. In addition, the firm is investing heavily in Blockchain in engineering and developing distributed ledger technologies for many enterprise applications.
Second Generation
EY revealed its second generation of smart contract and token review tools on May 17th. It was revealed through its EY blockchain analyzer product suite that includes the testing Studio allowing simulated brilliant contract execution for Complex decentralized finance applications or DeFi.
New Iteration
EY added that this new iteration could support multiple new capabilities expected to be used in complex DeFi contract ecosystems. In addition, it offers a blend of compliance testing with formal code review. It also supports customized innovative contract tests and simulation of mainnet transactions.
Yael Tamar
Yael Tamar is the co-founder of the asset tokenization firm SolidBlock. He recounted using the new Studio to review Smart contacts for property-backed security tokens.
Birra Peroni
He also stated that it was very beneficial to simulate how our contacts could perform on the network before deployment and test the contracts against widely known attacks of the market. It also revealed that Birra Peroni, an Italian company, uses its Ethereum based supply chain solution.
Notarize
Moreover, it uses the supply chain tracker to notarize company information, and it will also mint non-fungible tokens to identify and track data for baches of Peroni beer. However, EY also announced the contribution of source code to a zero-knowledge-proof prototype compiler in the public domain.
