Ernst & Young (“EY”) will publish free software to help corporate clients use the ethereum blockchain in May.
The project has been developed over the past year by more than 200 developers and dubbed ‘Nightfall’. Nightfall is intended to layer on top of the public ethereum network as opposed to a private smart contracting platform. Upon its release into the public domain, EY will grant a permissive copyright license and waive their own copyright, uncommon in software development.
The enterprise blockchain platform will be primarily used for: supply chains, food tracking, internal company transactions and public finance.
Paul Brody, global innovation leader for blockchain at EY has long been an advocate for public blockchain in enterprise opposed to the usual private ledgers stating “We want to maximize adoption and community involvement, we want people to adopt it and improve it. If we retain ownership, people may not invest that much time and energy in something the might not control.”
The project cost over a million dollars to develop and will run in the Microsoft Azure cloud. Enterprise software from SAP has also been integrated with the hopes that EY clients will feel more comfortable working with a “mature technology, backed by the world’s leading technology companies.”