Accenture has completed its first transactions using a distributed ledger technology-based application that manages and tracks software licences.
This taps Digital Asset’s smart contract language, DAML. “We manage a significant portfolio of software licences across businesses, clients and geographies, which demands relevant policies and procedures supported with the right technology. While software asset tracking and management tools have evolved, it can still be a daunting task for any large organisation to manage,” says Melanie Cutlan, Senior Principal, Accenture Operations blockchain lead.
“The power of DLT will simplify the traceability of these licences, and, therefore, the auditing function so all can see where each licence is assigned. This has the potential to save organisations millions of dollars per year in the management of their software licence portfolios.”
“This new software asset management application shows that DAML and DLT can deliver significant operational efficiencies to use cases beyond financial services,” comments Chris Church, Chief Business Development Officer at Digital Asset.
“The delivery of this application also represents a tremendous milestone for us since this is the first application built for a non-financial use case to go into production on the Digital Asset platform.”
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.