The Ernst & Young Group will utilize the Polygon framework to deploy its own blockchain solutions on the Ethereum platform, according to a report.
EY will integrate the Polygon commit chain into its blockchain services including EY OpsChain and EY Blockchain, allowing clients to connect their operations into Polygon networks.
EY is also coordinating with Polygon to establish permissioned and private industry links that leverage new models which will certify transactions and boost efficiency while lowering costs.
The solutions will give businesses a secure closed system while having close alignment with the public mainnet of Ethereum. This will then make a future transition to public networks faster and with reduced risks.
Polygon Co-founder Sandeep Nailwal welcomed the partnership, noting that no other organization has made the same scale of commitment to the platform and to open systems.
The two parties are now working on a shared roadmap to boost the ecosystem moving forward. ETH is up 3.73%.