On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Ernst & Young is investing $100 million into targeting enterprise DeFi with its latest suite of Blockchain Analyzer products.
“Big Four” accounting firm, Ernst & Young Global Limited, or EY, is continuing to invest heavily in blockchain, investing $100 million into engineering and developing distributed ledger technologies for a range of enterprise applications.
On May 17, EY revealed its second-generation of Smart Contract & Token Review tools through its EY Blockchain Analyzer product suite, including a testing studio allowing simulated smart contract execution for complex decentralized finance, or DeFi, applications.
“The new iteration supports multiple new capabilities that are expected to be used in complex DeFi contract ecosystems,” EY announced, adding:
“It offers a blend of compliance testing with traditional code review, and it supports customized smart contract tests and simulation of mainnet transactions.”
Yael Tamar, the co-founder of asset tokenization firm, SolidBlock, recounted using the new studio to review smart contracts for property-backed security tokens, stating: “It was very beneficial to simulate how our contracts could perform on the network prior to deployment and test the contracts against widely known attacks in this market.”
EY also revealed that Italian beer company, Birra Peroni, is using its Ethereum-based supply chain solution, “EY Opschain Traceability.” Peroni is using the supply train tracker to notarize company information and will mint nonfungible tokens to identify and track data for batches of Peroni beer.
EY also announced the contribution of source code to a zero-knowledge-proof prototype compiler in the public domain. The firm’s latest ZKP protocol, “Starlight,” was built to address concerns over preserving commercial confidentiality on a shared network.
Alongside Microsoft and ConsenSys, EY launched the enterprise-focused smart contract and tokenization protocol, Baseline Protocol, during March of last year. The protocol leverages the Ethereum mainnet as middleware while ensuring robust privacy protections for network participants, offering enterprises a means to transact on distributed networks without exposing sensitive data to network counterparties.
Speaking to Cointelegraph last week, Baseline executive director, John Wolpert, emphasized the efficiency savings and unique utilities offered by blockchain technologies across the supply chain.
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