EY Launches Its Own Blockchain-Based Network
April 18, 2024
Ernst & Young, one of the Big Four accounting firms, has announced the introduction of EY OpsChain Contract Manager (OCM), a transformative blockchain-based solution for contract management. EY OCM assists enterprises in executing complex business agreements, supports confidentiality, aids in improving time efficiency, and achieves cost reductions by automatically enforcing agreement terms. The solution runs on the Ethereum blockchain, ensuring corporate data privacy through Zero Knowledge Circuits.
