Continued EY investments in blockchain market to support increased demand - Seite 2

This release builds on the earlier version, announced in 2019, which supported over 100 tests applicable to the ERC-20 standard, the technical standard for many smart contracts on the Ethereum blockchain. 

Yael Tamar, Co-CEO and Co-Founder at SolidBlock, a pioneer in the asset tokenization space, says: 

"We've had a very positive experience with the Testing Studio in the Smart Contract & Token Review tool from the EY organization. We used it to review smart contracts for a property-backed security token. It was very beneficial to simulate how our contracts could perform on the network prior to deployment and test the contracts against widely known attacks in this market. It was an element of our process to get our financial product market-ready and fulfill our design requirements for a standardized smart contract. We look forward to using it for many new offerings to come."

Contribution of prototype private business logic compiler

EY teams are also contributing the source code to a zero-knowledge proof (ZKP) prototype compiler, into the public domain. The prototype, named Starlight,¹ supports the needs of complex business agreements where business logic must be shared between parties at the network level but privacy from competitors also remains critical. EY professionals previously contributed a ZKP protocol to the public domain in April 2019 (named Nightfall), which allows organizations to conduct private and secure transactions on public blockchains. 

Concerns around data sovereignty and privacy have risen sharply as firms learn how difficult it is to preserve commercial confidentiality on a shared network.² Nightfall and Starlight were both developed to address these concerns. Since the EY contribution of Nightfall to the public domain, EY teams have been working on ways to add business logic to the mix and has implemented regulatory compliance rules, such as allow- and deny-lists, and volume discounts with privacy. The code can be found at https://github.com/EYBlockchain/starlight.