EY Launches Ethereum-Based Blockchain Tool to Simplify Business Agreements

Accounting firm EY launched an Ethereum-based blockchain solution on Wednesday. It aims to help businesses execute complex agreements, reduce costs, and maintain security. Called the EY OpsChain Contract Manager (OCM), it is designed to tackle hurdles like managing business agreements spanning internal and external operational and technology silos. EY OCM, unveiled during the annual EY Global Blockchain Summit, operates on the Ethereum blockchain. This ensures its operation in a decentralized manner within a reliable environment. EY OCM operates through an API, facilitating the management of smart contract providers.

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