One of the most significant innovations in compliance will come through the incorporation of blockchain into compliance. I see great value propositions for the compliance function. There are two specific areas where I see blockchain directly impacting the compliance profession. The first is with third-parties. The second area where blockchain provides a potential game changer is contracts, specifically around compliance terms and See more +
One of the most significant innovations in compliance will come through the incorporation of blockchain into compliance. I see great value propositions for the compliance function. There are two specific areas where I see blockchain directly impacting the compliance profession. The first is with third-parties. The second area where blockchain provides a potential game changer is contracts, specifically around compliance terms and conditions.
Three key takeaways:
1. Blockchain has great potential for the compliance profession.
2. Blockchain can facilitate the third-party due diligence and update requirements.
3. Blockchain can provide a clear trigger for compliance terms and conditions. See less -