EY Integrates Polygon Protocol To Deploy Solutions On Public Ethereum Blockchain
The big four accounting services firm Ernst & Young LLP or EY, has integrated the Polygon protocol and framework to deploy EY blockchain solutions on the public Ethereum blockchain ecosystem. This move is expected to offer EY’s enterprise clients increased transaction volumes with predictable costs and the option to move transactions onto the public Ethereum mainnet.
The transaction volumes and costs on the main public Ethereum blockchain have risen as more enterprises adopt blockchain technology. Polygon’s commit chain solutions will allow EY to increase efficiency and reduce transaction costs for their clients.
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks and aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
Polygon provides EY with a powerful set of tools to scale transactions for clients and offers a faster roadmap to integration on the public Ethereum mainnet. Both EY and Polygon are working on common roadmaps that will help prioritize enterprise-friendly features into the ecosystem with a particular focus on privacy technologies.
EY has integrated the Polygon public, permissionless commit chain into EY flagship blockchain services including EY OpsChain and EY Blockchain Analyzer. Their clients can connect their business operations into Polygon networks with just a simple configuration change on blockchain.ey.com.
In addition to integrating the main Polygon commit chain into blockchain.ey.com, the EY organization is working with Polygon to create permissioned, private industry chains leveraging new models for handling transaction verification to increase efficiency and reduce transaction costs.
These industry chains would offer enterprises the comfort and security of a closed system but retain the close alignment with the public Ethereum mainnet that would make a future transition to public networks faster and lower risk.
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