EY Reveals Tokenization Addresses on Ethereum’s Public Blockchain

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Summary

One of the big four accounting firm has revealed the smart contract addresses running on ethereum’s public blockchain to tokenize assets. So showing the difficulty of creating a wholistic asset on the public blockchain itself. That has a smart contract (featured image) of some 200 lines of code which presumably connect the internal system with the public blockchain. This is what the mainstreaming of blockchain business looks like today,” Paul Brody, EY Global Blockchain Leader, says. Then there’s “the address of the platform relayer address that handles the creation of winery wallets and the batch tokenization on Public Blockchain,” Barbara Burgess, Associate Director at EY, said in an email.

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One of the big four accounting firm has revealed the smart contract addresses running on ethereum’s public blockchain to tokenize assets.

The asset in question is wine bottles, with Thomas Uhde, SAP Director, stating in a press release earlier this month:

“This is one of our first commerce integrations of SAP software to a blockchain platform and we see great potential in putting a scalable, consumer-friendly front-end on a blockchain-based digital market.”

From that we can discern there’s the front-end or internal database, with this then connected to the public blockchain through EY OpsChain.

EY tokenized wine, Dec 2019

So we have a Tattoo Bottle unique token with its own ID connected...

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