The EY organization announced it will be using the Polygon protocol and network to deploy blockchain solutions on the public Ethereum chain. In a press release published on 14 September, EY said that adopting Polygon’s commit chain solutions will allow it to offer enterprise users increased transaction volumes with predictable costs and settlement times. The integration will provide EY’s clients with the option to move transactions onto the public Ethereum mainnet.
The company has connected the Polygon public, permissionless commit chain into EY’s flagship blockchain services including the EY OpsChain and the EY Blockchain Analyzer. This will enable users to connect their business operations into the Polygon network with just a simple configuration change on the EY blockchain interface.
In addition to integrating the main Polygon commit chain into blockchain.ey.com, the EY organization is working with Polygon to create permissioned, private industry chains. These chains would leverage optimistic rollups to offer users a faster and more cost-efficient way to settle transactions.
“Working with Polygon provides EY teams with a powerful set of tools to scale transactions for clients and offers a faster roadmap to integration on the public Ethereum mainnet,” said Paul Brody, EU’s Global Blockchain Leader.
Sandeep Nailwal, the Co-Founder of Polygon, said that no other organization has made the same scale of commitment to open blockchain systems as EY did. The two companies will work on common roadmaps that will help prioritize enterprise-friendly features into the ecosystem with a particular focus on privacy technologies that enable sophisticated use cases and support regulatory compliance.