EY launches smart contract testing services for blockchain clients - Bitcoin and Altcoins News

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April 16, 2019

EY launches smart contract testing services for blockchain clients

NEW YORK , April 16, 2019 / PRNewswire / - EY announced today the launch of EY Smart Contract Analyzer, a smart contract testing and security service for the public Ethereum blockchain. The service, now entering a private beta test, wants to allow users to monitor smart contracts and tokens for known security risks. As companies and investors increasingly turn to blockchain-based tokens and assets, it is becoming crucial to understand the risks involved. 
EY - Building a better working world (PRNewsPhoto / EY) (PRNewsfoto / EY)
Investors in digital tokens face unique risks because of both tokens and contracts are software designed to represent certain business and legal commitments. EY research has not yet been published in a prospective or prospective manner.
Built by the EY Blockchain Security Lab in Israel , the EY Smart Contract Analyzer is designed to test and monitor documents and contracts, as well as publicly available on public blockchains. EH has developed a list of more than 250 standard tests that have been accepted and accepted. 
EY is developing and deploying tests in the system. The EY service thus allows for the development of customized token tests and continuous monitoring for changes.
Paul Brody , EY's Global Innovation Leader, Blockchain, says:
"Our clients are increasingly entrusting key enterprise business processes and valuable investments to software code." We do not run enterprise computing systems without anti-virus tools and it only makes sense to run block-based investment systems with smart contract and token testing tools. "
In addition to monitoring for performance and performance expectations, EY has developed patent-pending simulation software that allows organizations to test their behavior against potential transient scenarios using real data from the public Ethereum blockchain. 
Brody says:
This is not enough to test static code, but it does not change its state activities like code updates, lock-up rules and transfer restrictions. "
The EY Smart Contract Testing service wants to be integrated into EY Blockchain Analyzer, the organization's blockchain analytics, tax and monitoring platform later in 2019 for general availability. 
In addition to EY Smart Contract Analyzer, EY has announced a suite of blockchain solutions and upgrades at the EY Global Blockchain Summit including the release of the first generation of EY Ops Chain Public Edition  into the public domain, as well as the second generation of EY Ops Chain and EY Blockchain Analyzer . 
Notes to Editors
About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and economies the world over. We develop outstanding leaders who deliver our promises to all our stakeholders. In doing so, we play a critical role in building a better working world for our people, for our clients and for our communities.
Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
This news release has been issued by EYGM Limited, a member of the global EY organization.
Kailyn Smigelski                                                                     
EY Global Media Relations                                                     
+1 973 715 3624                                                                                
kailyn.smigelski@ey.com  


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