Blockchain is increasingly presenting new opportunities for applications in combination with AI. In fact, Future Market Insights estimates that the global market for blockchain AI will skyrocket to $3.5 billion by 2032, with a 23% CAGR from 2023 to 2033 driven in part by small and medium enterprises adopting AI-based blockchain platforms to enhance smart contracts, payment systems and more. “Reaching consensus on reality” Paul Brody, Global Blockchain Leader at consulting powerhouse Ernst & Young (which has also become a blockchain powerhouse owing in large part to Paul’s thought leadership the last 7 years—including his early advocacy of Ethereum as the platform of choice for enterprise), has a characteristically nuanced…
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EY and Samsung only bidder for South Korea’s digital won project
The Bank of Korea has extended the deadline for bids on the contract to build and test a central bank digital currency
That deadline was extended until Oct. 29 after it received only one bid, from the EY Hanyoung Consortium, a group led by big four auditing firm Ernst & Young, SDNet South Korea reported on Oct. 20.
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Both companies say blockchain is becoming 'increasingly important' for businesses, among them food transportation (Photo: Wikimedia Commons).Driven by coronavirus, IBM and EY ally on blockchain
It’s hoped the ‘enhanced, multi-year alliance’ will help companies ‘reframe their future amidst an unpredictable and rapidly evolving environment’
“As organizations learn how to adapt to today's new normal, leveraging the cloud, AI, analytics and other technologies have become increasingly important,” EY’s global chairman and CEO Carmine Di Sibio said in a statement.
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ConsenSys, Microsoft, EY bet businesses will embrace public blockchains
Strong security and off-chain storage are key ingredients of the Baseline protocol the firms hope will coax enterprise coalitions onto Ethereum
EY, Microsoft, and ConsenSys believe that given strong security and the right tools, businesses will embrace public blockchains as they look for ways to work together.
