Ernst & Young (EY), one of the leading global accounting firms, has announced a major step forward in enterprise contract management by leveraging blockchain technology. The company has introduced OpsChain Contract Manager, a solution that uses public blockchain technology to securely store and manage a company’s contracts. This project signifies an important stage of EY’s strategy to include more sophisticated technology in its services, which will improve transparency and efficiency.
Primarily, the OpsChain Contract Manager runs on the Polygon proof-of-stake (PoS) network but is marketed as a product intended to run on Ethereum after a future migration. With this solution, clients can publish their contracts to a public blockchain, while privacy is achieved through elaborate zero-knowledge circuits, eliminating the main concern about privacy in digital transactions.
Advantages of Using Polygon PoS Network
The choice of the Polygon PoS as the starting platform for OpsChain Con
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