Providing real-time, transaction level assurance to Blockchain technology
Blockchain is one of the more exciting—and more misunderstood—emerging technologies. It essentially offers a decentralized ledger of all transactions across a network. But for a technology to gain wider acceptance in the business community, promoters need to acknowledge and address the skeptics. Can you help stakeholders, including potential users, to trust it? We say yes – and blockchain assurance will help the technology make the transition from experimentation to broad acceptance.
A blockchain is a decentralized ledger of transactions across a peer-to-peer network. It could offer Russian companies a more effective way to handle a whole range of transactions, with use cases like payments, e-voting, supply chain traceability, settlement, securities, trade finance, and more. Although blockchain technology is still maturing, one of the most significant issues involves assurance that it works, even more than details about how it works.
Here are a few reasons why internal and external stakeholders might struggle with blockchain:
To help move beyond the uncertainty, companies should consider steps such as:
The blockchain technology can bring an array of benefits to companies. However, this will require companies to assure stakeholders that blockchains have been set up effectively with appropriate reviews and controls.
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