EY selects Polygon to scale its enterprise blockchain products on Ethereum

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Announced on Monday, EY’s flagship blockchain services together with EY OpsChain and EY Blockchain Analyzer might be built-in with Polygon, permitting transactions to be dedicated to Ethereum by way of the sidechain.

EY emphasised that its enterprise purchasers could have entry to elevated transaction throughput with predictable charges and settlement occasions utilizing Polygon.

The agency additionally revealed it’s working with Polygon to supply permissioned, non-public optimistic rollup chains. Rollups are a second-layer scaling answer that gives elevated safety and effectivity in comparison with transacting on the Ethereum mainnet. Paul Brody, EY World Blockchain Chief, remarked:

Ernst & Younger (EY), one of many ‘Massive 4’ consulting multinationals, will join its blockchain options to Polygon to mitigate the scalability constraints of Ethereum’s mainnet. 

“Working with Polygon gives EY groups with a strong set of instruments to scale transactions for purchasers and presents a sooner roadmap to integration on the general public Ethereum mainnet.”

Polygon co-founder Sandeep Nailwal praised EY for its dedication to the Ethereum ecosystem and open expertise requirements.

Whereas EY has continued to iterate its layer-two zero-knowledge proof protocol Dusk, the agency additionally helped launch the open-source Baseline Protocol in March 2020.

Associated: EY publishes an Ethereum scaling solution to the public domain

Demand for Ethereum scaling options has surged in latest months amid the persistently high fees related to transacting on mainnet. As such, the overall worth locked (TVL) on the Polygon community has surged from roughly $1 billion in the beginning of April to $8.5 billion in the present day.