Big4 Ernst & Young launches the 1st blockchain undertaking in collaboration with Polygon
Ernst & Young (EY), 1 of the 4 biggest audit companies in the globe, has launched a provide chain monitoring services named OpsChain Supply Chain Manager on Nig...
Ernst & Young (EY), 1 of the 4 biggest audit companies in the globe, has launched a provide chain monitoring services named OpsChain Supply Chain Manager on Nightfall, a new Level two blockchain created in partnership with Polygon.
The two businesses launched the beta edition of Nightfall on May 17 and created OpsChain Supply Chain Manager 1 of the 1st apps for businesses to check provide chains. This is the 1st undertaking launched by Polygon and EY immediately after the two announced their collaboration in September final 12 months.
#Polygonin partnership with @EYnewsis launching the 1st dwell L2 zk on Mainnet.
Night falls on the polygon.
Live streaming @Twitter, @YoutubeAnd @LinkedIn.
Tomorrow at twelve:thirty PM ET. pic.twitter.com/IQj3qacMmc– Polygon – MATIC (@ 0xPolygon) May 16, 2022
OpsChain enables organizations to produce tokens and NFTs on Nightfall. These tokens signify assets and objects in the stock of businesses and are conveniently traceable, traceable and traded by means of the Nightfall blockchain. The program will open information and transactions to much less pricey indicates of authentication for provide chain use circumstances, with the Nightfall blockchain serving as the core infrastructure.
Additionally, OpsChain more leverages zero-expertise (ZK) engineering which allows more quickly and much less expensive blockchain transactions although making certain privacy by transferring real transaction information encrypted to the blockchain. As Cointelegraph reported, ZK has been at the heart of Polygon’s strategic vision with a $ one billion dedication from basis to linked tasks.
In truth, blockchain use circumstances for provide chain monitoring have been created in latest many years. However, businesses have stopped adopting this kind of equipment due to a lack of transaction privacy answers.
But OpsChain Supply Chain Manager can alter that by offering a privacy-centric indicates to drive transactions on Nightfall. This is a major phase in direction of employing blockchain in provide chain management and prospects to a broader wave of engineering adoption in the business.
On the Polygon side, with the excess weight of a significant organization like EY behind it, platform engineering can be additional powerfully “stretched” globally amid organizations trying to find progressive answers to these difficulties.
Synthetic currency 68
Maybe you are interested:
More From Crypto News
Why Is Pump.fun (PUMP) Price Surging Today?
Pump.fun’s native token PUMP is posting gains today, drawing renewed attention to the Solana-based token launchpad and its market-listed token.
FBI Confirms North Korea Role in $6B Binance Hack, Flags BTC, ETH, SOL Addresses
The FBI’s joint alert attributes the attack to TraderTraitor, the same state-sponsored unit behind the Bybit hack.
Binance Says 10 Cryptos Are Fully Backed After Hack
Binance has stated that Bitcoin, Ethereum, XRP, and seven other cryptocurrencies remain fully backed following a reported hack against the exchange.
Why Is Venice Token (VVV) Price Down Today?
Venice Token (VVV) is trading at $22.08 as of October 31, 2026, down 4.29% over the past 24 hours, extending a pullback from the token’s all-time high of $34.58...
Binance Details Response to Reported $6.3 Billion Hack
Binance has publicly outlined its response to a reported $6.3 billion hack, with CEO Richard Teng and the exchange’s official channels issuing statements addres...
Wall Street Analysts Back Crypto Stocks After Binance Hack
Compass Point analysts Ed Engel and Michael Donovan took a measured stance on Binance itself: “We believe Binance has more than enough liquidity to cover the ho...
