031 - EY's involvement in Blockchain and tokenization of energy

For this episode of Boom! It's on the Blockchain Alastair Caithness discusses EY's involvement in Blockchain, tokenization of energy and Nikki Minaj's Covid Vaccine.  

(This episode was originally streamed live on on Sep 16, 2021)

EY, formerly known as Ernst & Young, is a multinational professional services network with headquarters in London, England.  They currently employ over 315,000 people and have a turnover in excess of $40 billion.  

Press Release - EY announces integration with Polygon protocol and framework on Ethereum scaling solutions  

The EY organization announced it is using the Polygon protocol and framework to deploy EY blockchain solutions on the public Ethereum blockchain ecosystem.  

As more enterprises adopt blockchain technology, transaction volumes and costs on the main public Ethereum blockchain have risen. Adopting Polygon's commit chain solutions allows the EY organization to offer enterprise users increased transaction volumes with predictable costs and settlement times and the option to move transactions onto the public Ethereum mainnet.  

EY has connected the Polygon public, permissionless commit chain into EY flagship blockchain services including EY OpsChain and EY Blockchain Analyzer. EY clients can connect their business operations into Polygon networks with just a simple configuration change on blockchain.ey.com. The main Polygon systems network and the main Polygon test and development network are now both directly accessible from blockchain.ey.com.  

EY on Blockchains  Blockchains will do for networks of enterprises and business ecosystems what enterprise resource planning (ERP) did for the single company.  Blockchain will integrate information and process within and across enterprise boundaries and has the potential to streamline and accelerate your business processes, increase protection against cybersecurity and reduce or eliminate the roles of intermediaries.  

Overview of Energy Tokens and tokenization - https://youtu.be/oRR7kUFpmDI?t=518 

Energy Tokens (ET) is a complete solution trading platform using Blockchain enabled technology to acquire, hold and transfer direct interests in energy producing assets, including oil/gas and solar/wind.  

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