EY Launches Beta Test Version of Smart Contract Analyzer for Ethereum Blockchain
Marie Huillet's original article for cointelegraph.com reduced by 55%
Big Four auditing firm Ernst & Young has launched a private beta test version of its new Smart Contract Analyzer tool for the public Ethereum blockchain. Developed by the EY Blockchain Security Lab in Israel, the tool works for tokens and contracts either prior to their launch or after they have gone live on the public blockchain. Paul Brody, EY Global Innovation Leader for blockchain, has stated that as adoption rises, blockchain-based investment systems should be provided with the same audit tools as enterprise computing systems are more broadly.
"It's not enough to test static code, we need to see how contracts and tokens perform under real transaction conditions. The simulator allows many different transaction scenarios to be tested using the full Ethereum blockchain, without changing its state. This includes all kinds of standard activities like code updates, lock-up rules and transfer restrictions." EY states that the smart contract testing service will be integrated later this year into the new version of its Blockchain Analyzer.
EY released a zero knowledge proof protocol, which aims to facilitate the adoption of secure, private transactions over public blockchains. This March, cybersecurity solutions firm Kudelski Security entered into a strategic partnership with smart contracts auditor Hosho to cooperate on providing better security solutions to firms and public sector organizations that use blockchain.
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