EY invests $100 million in blockchain and DeFi analysis tools – Bits Media

Ernst Consulting Company&Young Global Limited (EY) invests $100 million in the development of various blockchain-based solutions, as well as smart contract analysis tools.

The company introduced the second generation of the Smart Contract tool & Token Review as part of the EY Blockchain product Analyzer. A test sandbox appeared in the new version of the tool, allows you to simulate the launch of smart contracts for applications of decentralized financing (DeFi).

“The new version of the product supports many new opportunities, which will be used in complex ecosystems Defi. She offers a combination of tests for compliance with the requirements of regulators with a traditional code review, Supports tuned smart contract tests and transaction simulation in the main blockchain network ", - noted in the company's statement.

EY developers also added their code to the public compiler of protocols with zero disclosure. Previously, the company developed Starlight protocol, who, thanks to zero disclosure, solved the problems of maintaining the confidentiality of commercial information in the common network.

At the beginning of the year, the head of the EY unit in the blockchain Paul Brody (Paul Brody) said, that by the end of this year, large financial institutions will begin to produce their own DEFI applications.