International Auditing Standards have not yet been revised in terms of how and when to use blockchain ecosystems and the risks that they create for external and fraud audits. This chapter will explain how and when to use blockchain technologies and identify the potential new risks that await ...
" says Eric Piscini, principal of financial services technology at Deloitte. "A blockchain doesn't need to be managed by someone, so you don't have to trust someone to run the platform. It's run by everyone at the same time. That's a shift in business...
Blockchain comes to the rescue. How? Well, with blockchains in place, anyone can trace the movement of the product from the source to its destination (customer). All the people involved in the supply chain processes use blockchains to reduce delays and eliminate human error. In addition, ...
Here’s a look at some of the projects and initiatives (focusing on 2017) related to the use of blockchain technology for cross-border payments. Cross-Border Payments Over the last few decades, there has been a steady rise in global businesses and international trade along with diaspora...
Some other uses of Blockchain of which are still under tests are: Gaming Supply Chain Real Estate Health Care Many More! Why use Blockchain? You might be developing an app and want to integrate Blockchain or your boss at work might ask why Blockchain might need to be used in a particul...
Many blockchain providers struggle to prove value in real-world applications, leading to failed projects and waning trust from customers and partners. But it doesn’t have to be this way. Download this research to discover: Three real-world use cases where blockchain is solving key business cha...
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If the benefits of blockchain technology sound impressive, here are three of the main areas to think about when introducing it into your own supply chain: Granting permissions To begin, consider the number of parties and who you are working with. You can use a blockchain t...
If you use these links to buy something we may earn a commission. Thanks! Despite the fact that blockchain technology has been around for several decades, many people still confuse the term and think it is actually the ‘Bitcoin’. But that’s not true. See, blockchain is just the ...
As in the IBM Food Trust example, suppliers can use blockchain to record the origins of materials that they have purchased. This would allow companies to verify the authenticity of not only their products but also common labels such as “Organic,”“Local,” and “Fair Trade.” ...