Blockchain is a technology that allows participants of a network to reach agreement on the validity of data, without intermediaries. For the first time, participants of distributed systems do not need intermediaries to secure transfers of ownership.
Blockchain represents not only a dramatic shift in how businesses will manage transactions in the future, but also how they structure their internal operations going forward.
By design, a blockchain comes with many advantages, such as trustworthiness, immutability, transparency (of the rules) and security (of the transactions) which can benefit virtually any industry. While each industry relies on different benefits, it usually comes down to:
Implementing distributed ledger technology introduces new and specific risks that do not exist in more traditional centralized systems.Going from proof-of-concept to production can therefore be very challenging.
Our Blockchain Maturity Model helps you assess your IT readiness to implement blockchain by identifying the specific risks and opportunities before going into production.
KPMG has identified ten specific blockchain risk areas that will help provide you with an overall report containing concrete pointers on how to improve and raise your blockchain maturity level.
KPMG provides specific recommendations to improve the maturity level and help you get your blockchain Proof-of-Concept to production level from an IT governance perspective.
Internet brought the global exchange of information by democratizing the access to information. Blockchain will bring global exchange of assets by democratizing trust in transactions.
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