NEW YORK, May 24, 2022 /PRNewswire/ -- The EY organization today made available to the public the second generation of the EY Blockchain Analyzer: Smart Contract & Token Review tool. The updated version allows users to develop customized testing routines and to simulate transactions on the Ethereum blockchain before executing them, using real-time network data. The Smart Contract and Token Review tool is designed to help businesses transacting on the Ethereum ecosystem by identifying risks and testing for commonly known problems before launching smart contracts and incurring transaction fees.
The updated version extends its functionality beyond standard tokens like ERC-20. It allows users to develop customized tests and put a smart contract through various simulated challenges for the Ethereum Mainnet.
The updated version supports collaboration between developers and testing teams. Users can save and share tests, build libraries of saved tests, publish links to the tests and fork and edit tests developed by others.
Paul Brody, EY Global Blockchain Leader, says:
"I expect to see two kinds of major use cases. First, smart contract developers can use this platform to build suites of standardized tests in preparation for application development. Second, I expect to see users leveraging this tool to assess that smart contracts perform as expected through simulated transactions before execution."
Jamie Finn, co-founder and President, Securitize, says:
"Financial services are rapidly being digitized, driven by the efficiencies, new use cases and security that blockchain makes possible. As this evolution picks up pace, it's important that people can trust the organizations they are working with and the technology being deployed.
As more businesses and investors adopt digital financial products, such as digital shares, tokenized funds or other smart contracts, well-designed smart contracts will enable orgnizations to adopt these new, fundamentally better technologies with confidence."
Access to the Smart Contract & Token Review tool is available free of charge for individual consumers and paid enterprise access and related EY services are available upon request at blockchain.ey.com.
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