EY launches EY Blockchain Privacy Sandbox, supporting the development of privacy smart contracts on EVM chains

Odaily Planet Daily News: Ernst & Young (EY), one of the “Big Four” accounting firms, has announced the launch of EY Blockchain Privacy Sandbox. This is a web-based development environment designed to help enterprises and developers experiment with privacy-preserving smart contracts on blockchain networks compatible with the Ethereum Virtual Machine. It is reported that the sandbox environment is built on the open-source technology Starlight. It allows developers, while retaining the original contract logic, to convert standard Solidity smart contracts into applications with privacy-preserving capabilities, and to provide example projects that can be explored, copied, and modified to accelerate proof-of-concept development.

At present, EY Blockchain Privacy Sandbox is mainly used for experimentation and validation. It supports enterprises in assessing the feasibility of privacy smart contracts, testing functionalities, and validating application scenarios, completing the validation process before the official integration of Starlight. EY says the tool lowers the technical barrier for conducting privacy experiments on public blockchains by offering an easy-to-use web environment. Starlight, as an underlying ZKP compiler, has been open-sourced, and developers can integrate privacy features through its GitHub repository. With growing enterprise demand for protecting data privacy on public blockchains, attention to zero-knowledge proof technology continues to rise. Relevant reports indicate that the global ZKP market is expected to reach approximately $7.6 billion by 2033. (PRNewswire)