Categories: Ethereum

EY Launches Beta Test Version of Smart Contract Analyzer for Ethereum Blockchain

Click here to view original web page at

Big Four auditing firm Ernst & Young (EY) has launched a private beta test version of its new Smart Contract Analyzer tool for the public Ethereum (ETH) blockchain. The news was announced in an EY press release on April 16.

The tool is described as a testing and security service that will allow companies and individual investors to assess smart contracts and associated tokens for known security risks.

Developed by the EY Blockchain Security Lab in Israel, the tool works for tokens and contracts either prior to their launch or after they have gone live on the public blockchain.

EY states it has created a list of over 250 standard tests, which cover aspects such as potential malware and coding errors, as well as verifying whether tokens conform to accepted industry standards.

The auditor giant indicates that its assessment parameters target both security vulnerabilities as well as efficiency shortcomings. The press release also notes that the service will support the development of customized testing and ongoing monitoring of contracts and token as they undergo changes.

Paul Brody, EY Global Innovation Leader for blockchain, has stated that as adoption rises, blockchain-based investment systems should be provided with the same audit tools as enterprise computing systems are more broadly. He added:

“It’s not enough to test static code, we need to see how contracts and tokens perform under real transaction conditions. The simulator allows many different transaction scenarios to be tested using the full Ethereum blockchain, without changing its state. This includes all kinds of standard activities like code updates, lock-up rules and transfer restrictions.”

EY states that the smart contract testing service will be integrated later this year into the new version of its Blockchain Analyzer.

As Cointelegraph reported yesterday, the latter is a blockchain analytics, tax and monitoring platform that has just undergone major upgrades. Also yesterday, EY released a zero knowledge proof protocol, which aims to facilitate the adoption of secure, private transactions over public blockchains.

This March, cybersecurity solutions firm Kudelski Security entered into a strategic partnership with smart contracts auditor Hosho to cooperate on providing better security solutions to firms and public sector organizations that use blockchain.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoin Sheds $10,000 Support Again Ahead of Bakkt Launch

Ahead of the launch of Bakkt’s Bitcoin (BTC) futures, bears have continued to assert control over the cryptocurrency market. Ouch.As… Read More

60 mins ago

Bitcoin ‘Messiah’ Goes To War With The ‘Deep State’

One of bitcoin and crypto's oldest proponents, the founder and former chief executive of U.S. online retailer Overstock, Patrick Byrne,… Read More

1 hour ago

The Specs Behind Bitcoin’s Lightning Pass Their First ‘Formal’ Security Test

A pair of researchers have released the results of a formal verification of bitcoin’s lightning network.Lightning is new(ish), experimental, and… Read More

1 hour ago

Deja Vu 2000 Or Flashback 2007? (Part 2)

“The experience in Japan, Europe, or even the US, is that once you get into a near-zero interest-rate regime, it’s… Read More

7 hours ago

Blockchain Industry to Generate $16 Billion Revenue by 2024

Often considered as a nascent technology, blockchain was introduced about a decade ago. Although the technology has not been around… Read More

7 hours ago

Kate Winslet takes action against Bitcoin scammers who used her image

Kate Winslet has spoken out after her image was used to advertise a Bitcoin scam Movie star Kate Winslet is… Read More

7 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More