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What is EY OpsChain Contract Manager?

Procurement acts as a critical link for organizations to connect with their external business partners. As the networks of suppliers and buyers become increasingly intricate, many organizations find themselves using outdated technologies and processes to manage these relationships. Although procurement teams are adept at negotiating favorable contracts, they often struggle with effectively implementing them in practice. Historically, the functions of legal, procurement, supply chain, and finance have worked in silos, focusing on optimizing their individual processes without any unified integration. This situation is exacerbated by traditional ERP systems that fail to efficiently handle business rules and volume discounts across multiple divisions, subsidiaries, and partners. As a result, the growing complexity surrounding contract execution leads to substantial contract leakage within large organizations, causing a noticeable gap between negotiated savings and the actual savings realized. Therefore, it is essential for organizations to reassess their procurement strategies in order to bridge this gap and improve overall operational efficiency. By adopting more modern and integrated approaches, businesses can better align their procurement functions with their broader operational goals.

What is Band Protocol?

Band Protocol acts as a cross-chain data oracle platform that connects real-world data and APIs to smart contracts, effectively bridging the divide between on-chain and off-chain information. Although blockchains are known for their immutable storage and the ability to perform deterministic, verifiable computations, they often fall short in accessing dependable external data sources. By employing Band Protocol, smart contracts are empowered to utilize trustworthy data without dependence on centralized systems, thereby boosting their overall capabilities. This functionality is especially vital for Decentralized Finance (DeFi) applications that depend on accurate price feeds for activities like token swaps and loan collateralization. With the integrated price oracle from Band Protocol, developers can confidently construct DeFi solutions, assured that the price data they use is secure and impervious to manipulation. Moreover, BandChain is designed to integrate effortlessly with any smart contract platform or blockchain development framework, enhancing its adaptability. In a decentralized and trustless fashion, BandChain adeptly manages the complex tasks of sourcing, aggregating, and formatting data from multiple external providers, which ultimately streamlines the development process for blockchain applications. This groundbreaking approach places Band Protocol at the forefront of the decentralized application landscape, ensuring that reliable data access becomes an expected feature across platforms. As the demand for accurate and timely data continues to grow, Band Protocol's role is likely to become even more critical in shaping the future of decentralized technologies.

Media

Media

Integrations Supported

Big Dipper
Cosmostation
FastNode
Frontier Wallet
InfStones
Mintscan
Moonbeam
Moonriver
NOWNodes
Ping Explorer
QANplatform
Sei
stakefish

Integrations Supported

Big Dipper
Cosmostation
FastNode
Frontier Wallet
InfStones
Mintscan
Moonbeam
Moonriver
NOWNodes
Ping Explorer
QANplatform
Sei
stakefish

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

EY

Company Location

United Kingdom

Company Website

www.ey.com/en_us/blockchain-platforms/contract-manager

Company Facts

Organization Name

Band Protocol

Date Founded

2017

Company Location

Thailand

Company Website

bandprotocol.com

Categories and Features

Categories and Features

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