Alexa Ernst & Young unveils supply chain tracking manager on Polygon Nightfall
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Ernst & Young unveils supply chain tracking manager on Polygon Nightfall


Supply Chain Management

Ernst & Young unveils supply chain tracking manager on Polygon Nightfall

Ernst & Young (EY) has launched a supply chain tracking service called OpsChain Supply Chain Manager on Nightfall—a Layer 2 Ethereum blockchain co-developed in partnership with Polygon.

Today, the two companies launched Nightfall’s beta release and made OpsChain Supply Chain Manager one of its first applications for businesses to track supply chains.

The EY OpsChain Supply Chain Manager is now available in beta version. The new supply chain manager is the first joint project between Ernst & Young and Polygon, anEthereum scaling tool, following their collaboration last September.

The collaborative project aims to tackle chokepoints along supply chains by combining inventory managementwith product traceability.

Firms would create tokens to represent assets and inventory, which the OpsChain Supply Chain manager would then track across the supply chain network.

Scaling networks such as Polygon are designed to lighten the load on base-layer blockchains such as Ethereum, processing transactions on asidechain to reduce costs and congestion.

Polygon Nightfall, the network combining the fruits of the two entities’ labor, offers zero-knowledge proof-based privacy technology, guaranteeing that only selected parties can see the entire history of the assets tracked.

While supply chain management has often been cited as a compelling use case for blockchain technology, enterprises may have been put off adopting such tools because of a lack of privacy in transactions.


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