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EY (Ernst and Young) is an auditing firm in the Big Four. The company has launched a blockchain-based supply chain manager market. This program is built for the Polygon network to solve problems in product traceability.
EY OpsChain Supply Chain Manager (the name of the supply chain manager), is now available in beta. This is the first collaborative project between EY and Ethereum and polygon's first launch project since the start of the partnership last September.
first launch project aims to address supply chain bottlenecks combined with traceability and inventory management. Organizations will create tokens representing assets and items that are still in stock. OpsChain will then track them across the supply network.
Scaling networks like Polygon are designed to offload major blockchain networks like Ethereum and process transactions on a sidechain to reduce congestion and optimize costs. Polygon Nightfall is a blockchain that provides security technology based on zero-knowledge (ZK) technology. This network ensures the privacy of asset transactions in the form of encryption on the blockchain.
Although supply chain management is considered an important issue of blockchain. However, for security reasons during the transaction process, businesses have stopped applying such programs to their products.
With the influence of a large company like EY, Polygon's technology is likely to be widely used around the world. This is a potential and worth considering option for businesses looking for breakthrough solutions to address supply chain problems.
