Ernst & Young (EY), one of the ‘Big Four’ public service firms, has devised a solution that allows businesses to enjoy the full benefits of private transactions over a public blockchain. This they have called the EY Ops Chain Public Edition (PE).
Running on the public Ethereum blockchain, the solution leverages on the privacy benefits of zero-knowledge proofs (ZKP) and the security or Ethereum itself, which is powered by thousands of distributed computers spread across the world. The audit and advisory service firm, EY, has an international presence with more than 250,000 employees across 150 countries. The firm has been on the forefront searching for different ways of spurring enterprise adoption of blockchain technologies.