2 years ago
Jamie Crawley is simply a CoinDesk quality newsman based successful London.
Big Four consulting steadfast EY has unveiled its blockchain-based proviso concatenation manager built for the Polygon web aimed astatine solving bottlenecks successful merchandise traceability.
The EY OpsChain Supply Chain Manager, which is present disposable successful beta, is the archetypal associated task betwixt EY and Ethereum scaler Polygon pursuing the commencement of their collaboration past September.
The task is aimed astatine tackling chokepoints on proviso chains combining merchandise traceability with inventory management.
Organizations would make tokens to correspond assets and inventory which the OpsChain manager would past way crossed the proviso concatenation network.
Scaling networks similar Polygon are designed to lighten the load connected blockchain mainnets specified arsenic Ethereum, processing transactions connected a sidechain to trim congestion and costs.
Polygon Nightfall, the web combining the fruits of the 2 entities' labour, offers zero-knowledge proof-based privateness technology, guaranteeing that lone selected parties tin spot the afloat past of the assets tracked.
While proviso concatenation absorption has often been cited arsenic a compelling usage lawsuit for blockchain technology, enterprises whitethorn person been enactment disconnected adopting specified tools owed a deficiency of privateness successful transactions.
"This is precisely the benignant of commercialized usage lawsuit we envisioned erstwhile we acceptable retired to physique and deploy the Polygon Nightfall network," Antoni Martin, endeavor pb for Polygon said. "Enterprise usage cases extracurricular of fiscal services are inactive not wide developed. Privacy tools unfastened a full caller satellite for us."
With the value of a large steadfast specified arsenic EY down it, Polygon's exertion could find wide usage crossed the satellite among businesses searching for innovative solutions to proviso concatenation challenges.
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Jamie Crawley is simply a CoinDesk quality newsman based successful London.
Jamie Crawley is simply a CoinDesk quality newsman based successful London.
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