#EY aka Ernst & Young, a multinational professional services firm with headquarters in London, England, United Kingdom has announced that it will be
EY is one of the largest professional services firms in the world. Along with Deloitte, KPMG and PricewaterhouseCoopers, EY is considered one of the Big Four accounting firms and has accounted that it is building some significant projects not he public #Etheruem blockchain.
They are using zero-knowledge proof (#ZKP) to broadcast private transactions on Etheruem. Keep in mind that this software is open source and public domain, so there it no licenses involved.
This supports token payments compatible with both ERC-20 and ERC-721 tokens. i.e. tokenizing physical assets with 721s or transferring value with 20s.
EY announced it will be integrating with SAP, Microsoft and Carrefour - Big news for blockchain.
EY’s revenue for 2018 34.8 Billion USD and has 270,000 employees. This effetely creating a real-time auditing system. Hmm… looks like a bunch of the 270,000 employees are gonna have to find a new jobs. Skynet here we come.
From Anthony Sassano on Twitter
“This news release about EY’s Ethereum ambitions is packed..
-Using public ETH (Ethereum)
-Experimenting with DeFi (Decentrialzed Finance)
-Over 200 blockchain Devs
-Using zero-knowledge proofs
-Open-source code
-Aligned with the ethos of the community
ETH up 3%+ today
Vatilik Approves.
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