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EY chooses Polygon to scale its enterprise blockchain products on Ethereum

Ernst & Young, one of the Big Four consulting multinationals, announced on Monday that it had integrated its flagship blockchain services with Polygon, a layer 2 Ethereum...
EY chooses Polygon to scale its enterprise blockchain products on Ethereum © Reuters EY chooses Polygon to scale its enterprise blockchain products on Ethereum

Ernst & Young, one of the Big Four consulting multinationals, announced on Monday that it had integrated its flagship blockchain services with Polygon, a layer 2 Ethereum scaling solution.

The services offered include the EY OpsChain and EY Blockchain Analyzer, which will allow its corporate clients to process blockchain-based transactions on the Ethereum mainnet.

Low throughput and rising costs of transactions on the main Ethereum blockchain have been a cause for concern. Kevin O’Leary a Canadian businessman and “Shark Tank” investor told CNBCthat he finds Ethereum “too slow” as a user.

The Ethereum network currently handles around 30 transactions per second. However, its upcoming ETH 2.0 upgrade, which is expected to be fully deployed next year, may raise this to around 100,000 transactions per second.

Transaction costs on the Ethereum network have been driven up by congestion. On Sunday, the average transaction fee was $39.74 even though the London hard fork, which was deployed last month promised to make transaction fees more predictable. Ethereum Layer 2 scaling solutions like Polygon and other rollups are trying to tackle these issues.

EY emphasized that its enterprise clients will have access to faster and increased transaction volumes with predictable fees and settlement times via Polygon. The firm also revealed it is collaborating with Polygon to create permissioned, private optimistic rollup chains.

These chains will provide businesses with the security of a closed system closely aligned with the Ethereum mainnet, and would enable them to make future transitions to public networks faster and safer.

Paul Brody, EY Global Blockchain Leader, said:

Working with Polygon provides EY teams with a powerful set of tools to scale transactions for clients and offers a faster roadmap to integration on the public Ethereum mainnet […] We discovered our shared priorities around open system and networks and the Ethereum ecosystem would make collaboration in this area much easier.
Meanwhile, Polygon co-founder Sandeep Nailwal praised EY for its commitment to the Ethereum ecosystem and open technology standards, saying:

The EY commitment to the public Ethereum ecosystem and to open standards was a big driver in evolving shared approaches. No other organization has made the same scale of commitment to the ecosystem and to open systems, or brings the depth of technology that the EY organization has in this space.

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28-09-2021 03:18:05 (UTC+7)

EUR/USD

1.1698

-0.0016 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

EUR/USD

1.1698

-0.0016 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

GBP/USD

1.3704

+0.0022 (+0.16%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (5)

USD/JPY

111.00

+0.28 (+0.26%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (2)

AUD/USD

0.7287

+0.0029 (+0.41%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (5)

USD/CAD

1.2626

-0.0026 (-0.21%)

Summary

Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (3)

EUR/JPY

129.85

+0.15 (+0.12%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

EUR/CHF

1.0831

+0.0008 (+0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (4)

Gold Futures

1,750.45

-1.25 (-0.07%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

Silver Futures

22.633

+0.208 (+0.93%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (6)

Copper Futures

4.2805

-0.0050 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (9)

Crude Oil WTI Futures

75.44

+1.46 (+1.97%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (1)

Sell (8)

Brent Oil Futures

78.62

+1.39 (+1.80%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (0)

Sell (9)

Natural Gas Futures

5.854

+0.654 (+12.58%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (1)

Sell (3)

US Coffee C Futures

194.98

+0.63 (+0.32%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

Euro Stoxx 50

4,165.48

+6.97 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

S&P 500

4,444.03

-11.45 (-0.26%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

DAX

15,573.88

+42.13 (+0.27%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

FTSE 100

7,063.40

+11.92 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Hang Seng

24,208.78

+16.62 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,284.15

+30.27 (+1.34%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

IBEX 35

9,002.90

+129.80 (+1.46%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (2)

BASF SE NA O.N.

64.740

+1.040 (+1.63%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (5)

Bayer AG NA

47.47

+0.99 (+2.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Allianz SE VNA O.N.

196.19

+3.85 (+2.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

Adidas AG

278.80

-2.77 (-0.98%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Deutsche Lufthansa AG

6.561

+0.328 (+5.26%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (2)

Siemens AG Class N

147.27

-0.84 (-0.57%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (10)

Deutsche Bank AG

11.120

+0.285 (+2.63%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (3)

 EUR/USD1.1698↑ Sell
 GBP/USD1.3704↑ Sell
 USD/JPY111.00↑ Buy
 AUD/USD0.7287↑ Sell
 USD/CAD1.2626Buy
 EUR/JPY129.85↑ Sell
 EUR/CHF1.0831↑ Sell
 Gold1,750.45↑ Buy
 Silver22.633↑ Sell
 Copper4.2805↑ Sell
 Crude Oil WTI75.44Neutral
 Brent Oil78.62Neutral
 Natural Gas5.854Neutral
 US Coffee C194.98↑ Buy
 Euro Stoxx 504,165.48↑ Sell
 S&P 5004,444.03↑ Sell
 DAX15,573.88↑ Sell
 FTSE 1007,063.40↑ Sell
 Hang Seng24,208.78↑ Buy
 Small Cap 20002,284.15↑ Sell
 IBEX 359,002.90Buy
 BASF64.740↑ Sell
 Bayer47.47↑ Buy
 Allianz196.19↑ Buy
 Adidas278.80↑ Sell
 Lufthansa6.561↑ Buy
 Siemens AG147.27↑ Sell
 Deutsche Bank AG11.120↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,715
(0/ 0) # 900
SJC HCM5,635/ 5,700
(0/ 0) # 885
SJC Hanoi5,635/ 5,702
(0/ 0) # 887
SJC Danang5,635/ 5,702
(0/ 0) # 887
SJC Nhatrang5,635/ 5,702
(0/ 0) # 887
SJC Cantho5,635/ 5,702
(0/ 0) # 887
Cập nhật 28-09-2021 03:18:07
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,750.59+1.10.06%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2204022480
RON 95-II,III2194022370
E5 RON 92-II2071021120
DO 0.05S1658016910
DO 0,001S-V1693017260
Dầu hỏa1564015950
ↂ Giá dầu thô thế giới
WTI$75.30-0.61-0.82%
Brent$78.62-0.61-0.78%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR25.993,7727.346,60
GBP30.324,2231.591,18
JPY200,45212,05
KRW16,7520,39
Cập nhật lúc 18:54:42 27/09/2021
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