Vendor Governance on Blockchain:

Blockchain enabled SLA management may not revolutionize the practice, but it could certainly increase efficiency, speed, and accuracy. Enabling the companies to digitize every component of the contract and validate the service, vigorously keeping its pace to the ground.

If service providers and their customers were to tie their payment systems and SLAs together on a blockchain in that way, it would increase the efficiency of outsourcing contract management with a great deal and hence with the proposed system, contract management will get automated.

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