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Ernst & Young launches Ethereum-based contract management tool for businesses
The adoption of blockchain technology is steaming full power ahead regardless of what happens in the crypto market as “Big Four” accounting firm Ernst & Young (EY) has announced the launch of EY OpsChain Contract Manager (OCM), an Ethereum-based solution using zero-knowledge (ZK) proofs designed to help the firm’s private business clients execute complex contracts. “EY OCM helps enterprises to execute complex business agreements, supporting confidentiality, helping improve time efficiency, and achieving cost reduction, with automatic adherence to the agreed terms,” the company wrote in a press release. The ... (full story)