PACTA, a leader in proactive contract management, announced it is launching a contract authentication and tracking functionality using the Ethereum blockchain protocol. The functionality provided by the Microsoft Azure-hosted PACTA platform allows businesses to cut their audit and legal costs and gives them full visibility into the "what, where, when, and who" of their contracts.
"Blockchain has great potential to transform the contract lifecycle management process," said Marley Gray, principle program manager, Azure Blockchain Engineering, Microsoft. "We're pleased to see PACTA leveraging Microsoft Azure in its quest to help businesses improve operational processes and minimize risk exposure."
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