Institutions want onchain privacy, too
summary
EY builds Nightfall (an Ethereum layer‑2 ZKZK rollup requiring Enterprise X.509) and Starlight (a Solidity→ZK transpiler) and claims transaction costs fall $100 to $0.01 through iterative versions; Nightfall 4 adds instant finality. Pilots include electronics supply‑chain tracing from mines to data centers under zero‑knowledge, a live renewable‑energy settlement contract, Central Bank of Brazil tests with ~80 banks, and a Microsoft procurement pilot that cuts royalty reconciliation from 45 days → 3 minutes and reduces admin cost ~40%.
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chapters (6)
- 0:00Introduction to Privacy in Business
- 0:32Challenges in Implementing Privacy Solutions
- 1:09EY's Privacy Tools: Nightfall
- 1:50Nightfall's Unique Position and Features
- 4:06Development Journey and Cost Reduction
- 7:24Introducing Starlight: Simplifying Smart Contracts
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