Ernst & Young opens Ethereum private trading source code "Nightfall" to enterprises

According to Coindesk, on May 31, the four major audit firm Ernst & Young opened the code for the Ethereum blockchain private trading solution called Nightfall on GitHub.

London-2203663_960_720

(Source: Pixabay )

According to the description on GitHub, the agreement is designed to be traded on Ethereum in the context of "complete privacy."

Nightfall integrates a range of smart contracts, microservices and ZoKrates zk-snark toolkits to enable standard ERC-20 and ERC-721 tokens to be traded in a completely private manner on the Ethereum blockchain. Currently, the project is in the experimental phase and is still under active development.

It is reported that with the free code provided by Ernst & Young, corporate customers can use the Ethereum blockchain for supply chain management, food tracking and transactions between branches of different companies.

Nightfall takes advantage of the “zero-knowledge proof” technology, which allows information to be shared between parties that do not trust each other without revealing the information itself.

Paul Brody, global innovation leader for the Ernst & Young blockchain, said Ernst & Young wanted to run Nightfall in two existing products, the "EY OpsChain" and the "EY Blockchain Analyzer." EY OpsChain is used to encode applications for use cases such as purchasing, sales, and inventory management on blockchains.

Our audit team primarily uses blockchain analyzers to match transactions between public/private blockchain networks and ERP systems and other enterprise systems for auditing purposes.

Brody said:

We are working hard to integrate auditing and security integration into a suite of capabilities to help businesses engage in secure, private, reliable and compliant business transactions across the public blockchain network.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Policy

FTX Customers Buckle Up! $9B Shortfall Claim Payout Expected to Roll Out by Mid-2024

Good news for fashion lovers! FTX has reached a settlement with their debtors and creditors, potentially returning $9...

Blockchain

The kimchi premium breaks $1,000! South Korea’s "disfigured alcohol addiction" has another episode?

The quiet year's kimchi premium once again swayed, and it was a bit like the scene before the bull market in 201...

Blockchain

Exchange captures EOS super nodes

The rise of Staking's economy has driven the business of PoS mining and has broken the power structure of EOS su...

Blockchain

Compliance, endorsement path: inventory cryptocurrency exchange registration holy place

The increase was 132.58%. Tongcheng Holdings announced that it had changed its name to Firecoin Technology. The found...

Blockchain

0.32 dollars to buy 40 bitcoins: the currency exchange will not work hard, the regular army will come

Summary Event: On August 23, the Amazon AWS cloud service failed, causing many currency exchanges such as the currenc...

Blockchain

Exchange 5 hotspot tracking: The relationship between platform currency and IEO is like stocks and futures

On April 26th, an online conversation on the theme of “Exchange Hotspot Tracking” was held on TokenClub...