EY Unveils New AI Features in Blockchain Analyzer for Automated Smart Contract Reviews

EY Enhances Efficiency with AI-driven Blockchain Analyzer

In March 2025, EY announced the implementation of groundbreaking AI capabilities into its Blockchain Analyzer, specifically focusing on the Smart Contract and Token Review (SCTR) tool. This innovative feature aims to significantly bolster the efficacy of vulnerability detection while streamlining the overall smart contract testing process.

The Impact of AI on Smart Contracts

The SCTR tool has been designed to empower organizations by automating aspects that have previously been labor-intensive and time-consuming. By leveraging artificial intelligence, the tool has the potential to reduce the time required for reviews by over 50%. This time savings allows EY teams to manage their resources more effectively and improves their capacity to detect vulnerabilities in smart contracts.

According to Paul Brody, EY’s Global Blockchain Leader, the true value of smart contracts can only be realized when manual processes are minimized. The integration of AI helps to eliminate tedious manual steps that can lead to overlooked vulnerabilities due to human error. This automation not only enhances efficiency but also boosts the comprehensiveness of testing procedures, ensuring that smart contracts are reviewed thoroughly before deployment.

Advanced Features of the SCTR Tool

This enhanced SCTR tool can simulate contract reviews through natural language prompts, enabling users to navigate complex code bases easily without needing extensive programming knowledge. As a result, businesses can deploy contracts with confidence, significantly increasing their operational efficiency in a rapidly evolving blockchain landscape.

Moreover, the AI capabilities have expanded the tool's coverage by training it on a vast library of test cases. This empowers users to conduct more thorough assessments, ensuring that hidden vulnerabilities that traditional testing methods might miss are duly identified.

Market Dynamics and Growth

The smart contract market is experiencing rapid growth, with projections indicating it will reach $2.5 billion by 2032, reflecting a compound annual growth rate of nearly 30%. As the market expands, the necessity for robust security measures grows concomitantly. Notably, hidden vulnerabilities can result in substantial financial risks, making efficient testing solutions like EY’s SCTR tool invaluable to businesses operating in this arena.

Avner Geifman, EY’s Emerging Tech Leader from Israel, emphasized the user-friendly nature of the SCTR tool’s AI features. Its ability to allow assessments using everyday language rather than traditional coding languages alleviates barriers for users who may not possess extensive technical backgrounds, democratizing access to smart contract assessments.

Conclusion

The advancements in EY’s Blockchain Analyzer are set to launch in the first quarter of 2025, marking a pivotal moment for firms looking to enhance their smart contract capabilities and security measures. By harnessing the power of AI, EY is not just shaping the future of smart contract reviews but also promoting a higher standard of accountability and security in an increasingly digital economy.

For more detailed insights and a demonstration of the EY Blockchain Analyzer, interested clients can visit EY Blockchain for additional information.

In this ever-evolving field, EY stands committed to facilitating the intersection of blockchain technology and artificial intelligence. They aim to help clients navigate complex challenges while unlocking new value through innovative solutions that prioritize security, efficiency, and ultimately, trust.