EY Adopts Ethereum And Polygon For Streamlined Contract Management

Big Four accounting firm Ernst & Young (EY) unveiled its new service for managing enterprise contracts via blockchain technology called OpsChain Contract Manager (OCM) on April 17. The tool is designed to manage complex, multi-party business agreements with enhanced security and privacy via blockchain technology.

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.

Ernst & Young, a leading accounting firm, has introduced an enterprise contract management service that utilizes blockchain technology.

Ernst & Young revealed an enterprise contract management service that would let clients put contracts on a public blockchain while keeping business information private through zero-knowledge circuits. The firm markets its OpsChain Contract Manager as running on Ethereum, although it currently runs on Polygon proof-of-stake (PoS).

Accounting firm EY has launched an Ethereum-based blockchain solution to help businesses execute complex agreements efficiently while cutting costs and bolstering security.