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Ernst & Young invests $100 million on Blockchain expansion

One of the big four accounting firms, Ernst & Young Global Ltd, is investing heavily in blockchain technology. The company is investing $100 million into the engineering and development of distributed ledger technologies. Ernst & Young revealed on May 17th, 2021, its second-generation of smart contract & token review tools through its Ernst & Young Blockchain Analyzer product suite, including a testing studio allowing simulated smart contract execution for complex decentralized finance (DeFi) applications. “The new iteration supports multiple new capabilities that are expected to be used in complex DeFi contract ecosystems,” Ernst & Young announced. They also stated, “It offers a blend of compliance testing with traditional code review, and it supports customized smart contract tests and simulation of mainnet transactions.”

Birra Peroni is the first industrial organization to mint unique non-fungible tokens using EY OpsChain Traceability

Birra Peroni is the first industrial organization to mint unique non-fungible tokens using EY OpsChain Traceability
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Ernst & Young Global Limited (via Public) / Birra Peroni is the first industrial organization to mint unique non-fungible tokens using EY OpsChain Traceability

17/05/2021 | Press release | Distributed by Public on 17/05/2021 14:42 Birra Peroni is the first industrial organization to mint unique non-fungible tokens using EY OpsChain Traceability EY OpsChain Traceability provides tokenization and notarization as a service on Ethereum blockchain for non-fungible tokens Industrial companies can build customized supply chains and partner networks New metadata standard proposed for tracking physical location of assets through tokens EY today announced Birra Peroni, the Italian beer company part of Asahi Group, as the first industrial organization to use EY OpsChain Traceability to notarize information and tokenize goods leveraging non-fungible tokens (NFTs) on the Ethereum public blockchain. Birra Peroni is using EY OpsChain Traceability, an EY blockchain as-a-service offering on blockchain.ey.com to mint unique non-fungible tokens (NFTs) for each new batch of beer, enabling greater visibility and efficiency across its supply chain.

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