Ernst & Young (EY) has launched the EY OpsChain Contract Manager (OCM), a blockchain tool designed to simplify complex business agreements. The OCM, which is operational on the Polygon proof-of-stake blockchain, uses zero-knowledge proofs (ZKP) to ensure contract confidentiality without compromising efficiency. This feature allows parties to verify information accuracy without revealing sensitive details, safeguarding critical contract terms and transaction specifics. The OCM can automatically validate contract terms through real-time checks, ensuring policy adherence and promptly notifying users of discrepancies. This development is part of EY’s ongoing commitment to blockchain technology, which it has previously introduced to enhance transparency and accountability in government operations. EY has also collaborated with industry leaders like ConsenSys and Microsoft to develop the Baseline protocol, a suite of blockchain tools for enterprises. The integration of Polygon with EY’s blockchain services further solidifies its position in the blockchain ecosystem.