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Continued EY investments in blockchain market to support increased demand

Nachrichtenquelle: PR Newswire (engl.)
17.05.2021, 18:34  |  131   |   |   

Incremental US$100m to fund blockchain and crypto asset research, engineering and services

New solution available to test and simulate contracts in complex decentralized finance environments

Contribution of prototype zero-knowledge proof compiler for Ethereum into public domain

User migration to EY blockchain-as-a-service starts with Birra Peroni

LONDON, May 17, 2021 /PRNewswire/ -- EY today announces its commitment to the blockchain industry with additional investment, expanded solution portfolio and prototype contributions to the public domain. There will be EY investment of more than US$100m in research, engineering and services of blockchain and crypto asset technology. This follows the EY NextWave strategy announced in September 2020 that includes US$1.5b of investment in EY people, technology and audits in FY21. In addition, market adoption of blockchain continues with the go-live of Birra Peroni using EY OpsChain Traceability.

EY - Building a better working world

As a new era of multi-party business-to-business transactions is enabled by tokenization and smart contracts, the investment will accelerate the development of new products, improve user experience and increase market adoption.

Carmine Di Sibio, EY Global Chairman and CEO, says:

"Over the past five years, we have been investing in blockchain and have developed innovative solutions, establishing EY as a leader in this emerging industry. As blockchain adoption continues to grow and we see more demand from EY clients, we are excited about further EY investment to respond to their challenges and needs." 

New Testing Studio supports complex decentralized finance (DeFi) ecosystems

EY is announcing the availability of a new Testing Studio as part of the second generation of the Smart Contract & Token Review tool through the EY Blockchain Analyzer suite of tools on blockchain.ey.com. The new iteration supports multiple new capabilities that are expected to be used in complex DeFi contract ecosystems. It offers a blend of compliance testing with traditional code review, and it supports customized smart contract tests and simulation of mainnet transactions.

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Continued EY investments in blockchain market to support increased demand - Incremental US$100m to fund blockchain and crypto asset research, engineering and services - New solution available to test and simulate contracts in complex decentralized finance environments - Contribution of prototype zero-knowledge proof …

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