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Icertis Collaborates with Microsoft to Expand Blockchain Framework to Increase Transparency and Build a More Sustainable, Ethical and Open World

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Icertis, the leading provider of enterprise contract management in the cloud, today announced a collaboration with Microsoft to expand the Icertis Blockchain Framework to create a more sustainable, ethical and open world. By enhancing the connection between blockchain/distributed ledger technology and contract management, Icertis and Microsoft will deliver greater transparency, speed of execution and improved compliance in increasingly critical areas of modern business.

Customers like Mercedes-Benz Cars have already taken advantage of this technology by utilizing smart contracts on the Icertis Blockchain Framework to create an immutable distributed ledger of transactions. This helps to ensure global sourcing and contracting practices adhere to Mercedes-Benz Cars’ strict requirements for sustainable, ethical and secure sourcing. With the expanded capabilities developed with Microsoft, customers will be able to apply blockchain technology to help address additional business processes requiring transparency including measuring supplier diversity, tracking product provenance and executing outcome-based pricing.

Icertis and Microsoft will expand the application of blockchain and distributed ledger technology to contract management by:

  • Using Microsoft Azure Blockchain Workbench to allow rapid prototyping and provisioning of blockchain solutions on the Icertis Blockchain Framework for Icertis Contract Management (ICM) platform global customers.
  • Leveraging the ecosystem of Service Bus, Azure Active Directory, Logic Apps and other components in the Azure Blockchain Workbench environment in combination with the Icertis Blockchain Framework to help build the foundation of Icertis’ next generation smart contract platform.
  • Connecting Azure Cognitive Services components and the Icertis Blockchain Framework with the ICM platform to provide business solutions that leverage AI/ML and blockchain technology including compliance, certification, provenance tracking and outcome-based pricing ICM apps.

“More than ever, enterprises must maintain sophisticated governance and contract compliance, and blockchain technology has a critical role to play,” said Monish Darda, CTO and Co-founder at Icertis. “We are thrilled to work with Microsoft to extend the Icertis Blockchain Framework to solve the most critical contracting challenges – enabling a new level of visibility and control in the contract management space, while helping build a more ethical and sustainable enterprise ecosystem.”

Companies can deploy the Icertis Blockchain Framework to track contractual requirements, obligations, commitments and fulfillment across entities enabling a new level of collaboration, visibility and accountability. This will help solve some of the world’s most intractable challenges, such as the use of child labor and conflict materials in supply chains; the tracing of tainted food distribution to aid recalls; and tracking efficacy-based pharmaceutical outcomes.

The close collaboration between Icertis and Microsoft has benefited joint customers since the creation of the Icertis Blockchain Framework, which was built on Azure, Blockchain Workbench, Cognitive Search and Cognitive Services. It is the first to connect blockchain and distributed ledger systems like Ethereum and Corda to an enterprise CLM system in a meaningful way.

“Icertis and Microsoft continue to partner on digital transformation solutions that leverage blockchain in innovative and meaningful ways,” said Penny Philpot, Vice President of One Commercial Partner, Microsoft Corp. “Together, we are giving our enterprise customers a competitive edge with technologies that have immediate impact on their responsible business practices.” 

 

SOURCE Icertis

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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