Monax Industries, a provider of open-source blockchain technology, is releasing a business process engine written entirely in the Solidity smart contract language. The company is also unveiling a high-level API that allows users to input standardized Business Process Model Notation (BPMN) files and translate them into suitable instructions that can be operated by the full-featured and extensively-tested smart contract-based engine.
“We are excited to announce the release of this engine,” stated Casey Kuhlman, CEO of Monax. “A myriad of blockchain use cases rely on modeling business processes and operating those with network consensus. With the release of this engine, Monax makes the endeavor extremely simple and user-friendly while increasing accessibility. This continues our work over the last four years of significantly advancing the business utility of blockchain software.”
Utilizing the engine, which is part of a release that includes over 19,000 lines of Solidity code, users can build a variety of blockchain-specific products without needing to necessarily write code themselves.
Instructions given via a BPMN model enable the reliable orchestration of human resources, on-chain scripts and off-chain legacy systems across companies within an ecosystem.
Monax is leveraging this engine as a core component of the Agreements Network, an open blockchain ecosystem for the creation, distribution and operation of legal agreements, which is redefining how legal products and services support the networked economy.
The Agreements Network, with its business process engine at the center, will transform the delivery of legal services and promote productization of law.
Using the Network, lawyers and companies can design and operate contracts to perform legal jobs, such as contract management and collecting, storing and proving evidence.
The Network’s legal reference layer is a new tool for tracking important information like chain-of-custody for assets and also supports the creation of new products that will disrupt legal contracting for years to come.
For more information about this news, visit https://monax.io/.