It features ready-to-use tooling that allows businesses to model, track, and visualize their contractual obligations in a real-time, secure environment. Since its private beta launch in December 2018, the platform has successfully helped dozens of corporations and individuals with their legal contract needs.
The Monax Platform is built on The Agreements Network, a decentralized, open-source, universal, process-optimized blockchain, co-founded by Monax in 2018. The network leverages Business Process Modeling (BPM) to connect and manage workflows across organizations without the need for third-party providers. By incorporating blockchain technology as a layer of communication between parties, the network increases efficiency and collaboration and streamlines processes. It is also a new vehicle for networked commerce.
The platform allows users to dynamically automate the management of their contractual obligations. It also enables them to gain collaborative insight into the execution of the contractual relationship, including the distribution of responsibilities, in an environment that adapts to changing conditions within the digital contract. Users maintain visibility over risk when they are depending on the performance of obligations by other contractual parties, all without needing to understand code or programming.
Two components: Monax Dealspace and Monax Studio
The Monax Platform is scalable and prices start at $25 per month, with all packages being customizable and transparently priced.
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