Ernst & Young has launched an Ethereum-based OpsChain Contract Manager, representing a significant step towards simplifying complex business agreements while ensuring confidentiality, efficiency, and cost-effectiveness.
Ernst & Young’s New Blockchain Tool
Accounting giant EY has launched a new blockchain tool aimed at simplifying complex business agreements while reducing costs and ensuring security. Known as the EY OpsChain Contract Manager (OCM), this Ethereum-based solution targets challenges such as managing agreements across various operational and technological boundaries, both internally and externally.
Making The Best Of Public Blockchain
EY unveiled the OCM platform during its annual Global Blockchain Summit. Operational on the Polygon proof-of-stake blockchain, the tool is poised to transition to the Ethereum mainnet. This strategic move capitalizes on Polygon’s lower transaction fees while preparing for Ethereum’s extensive network reach.
EY’s Glob
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