Copy link
Increase text size
Decrease text size
Link copied

DTCC, Accenture release enterprise DLT governance whitepaper

Image Credit: DTCC LinkedIn

Mon, 09 Sep 2019, 06:52 am UTC

Post-trade financial service firm Depository Trust & Clearing Corporation (DTCC) and Accenture, a global accounting giant, have revealed a distributed ledger technology (DLT) operating model to manage risks and consequences of an emerging DLT landscape.

The model, introduced in a whitepaper “Governing DLT Networks,” aims to ensure the safety of the network for the benefits of those involved and to allow DLT to attain its full potential, including governing functions to make decisions that will affect activity, connectivity, software changes, contractual agreements, and transaction finality for all network participants.

Other functions include participant lifecycle, runtime operations, data governance, third-party management, platform management, infrastructure, and legal and finance.

DLT, with its built-in consistency, security and privacy, holds great promise to transform the digital landscape, but DLT’s full potential will only be realised from the implementation of a strong and transparent governing model,” Robert Palatnick, DTCC Chief Technology Architect, said.

As per a press release, DLT-Governance Model (GM) is a vital part of the trade information warehouse initiative of DTCC to migrate an existing central, industry-wide ledger for credit default swaps from a legacy mainframe database to a DLT platform leveraging the cloud.

Accenture has developed a governance model to manage the risks and consequences of a distributed ledger landscape, and we believe this governance paper is the beginning of a critical dialogue that needs to continue,” Accenture Capital Markets Managing Director Wynn Davies said.

Research, experimentation, and learning about the challenges and potential for DLT-based governance processes will be essential as these platforms become more widely adopted,” he added.

In June, Accenture signed a formal agreement with Canada, the Netherlands, and other groups to use blockchain in identifying travelers, to be called “Known Traveler Digital Identity,” which aims to customize the encounters of passengers using biometric information in around 2 weeks’ time.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (btc) $55,464.00 (-5.79%)
  • Ethereum (eth) $3,908.15 (-1.21%)
  • Binance Coin (bnb) $636.78 (-6.48%)
  • XRP (xrp) $1.40 (-11.01%)
  • Dogecoin (doge) $0.462469 (-17.45%)
  • Bitcoin (btc) $55,464.00 (-5.79%)
May 11, 2021 (Tuesday)
BTC Surges by 1.09% Within 5 Mins, Marking 56,425.96 USDT
May 10, 2021 (Monday)
BTC Surges by 1.07% Within 5 Mins, Marking 56,137.8 USDT
BTC Drops by 1.32% Within 5 Mins, Marking 54,599.82 USDT
BTC Drops by 2.93% Within 5 Mins, Marking 54,113.6 USDT
BTC Surges by 1.02% Within 5 Mins, Marking 57,991.78 USDT
BTC Surges by 1.25% Within 5 Mins, Marking 57,203.8 USDT
ETH Tops List Of Crypto Net Inflow With $861.53 Mln In Past 18 Hours
CZZ's Wrapped Token HCZZ On HECO Launched On DogeSwap
TriumphX Signed Exclusive Contract With Metaverse NFT Artist 'RisingSun (Kim Il-dong)'
May 9, 2021 (Sunday)
BTC Drops by 1.13% Within 5 Mins, Marking 56,341.2 USDT
BTC Surges by 1.01% Within 5 Mins, Marking 59,088.8 USDT
May 8, 2021 (Saturday)
BTC Surges by 1.04% Within 5 Mins, Marking 58,789.89 USDT
BTC Drops by 1.13% Within 5 Mins, Marking 57,534.72 USDT
DOGE Tops List Of Crypto Net Inflow With $1.2 Bln In Past 18 Hours
Class ZZ Adds SHIB To Swap Section
BTC Surges by 1.39% Within 5 Mins, Marking 58,528.11 USDT
Crypto Market Sentiment On May 08: Market In "Greed"
DOGE Tops List Of Crypto Net Inflow With $1.23 Bln In Past 10 Hours
May 7, 2021 (Friday)
BTC Surges by 1.06% Within 5 Mins, Marking 57,784.1 USDT
BTC Surges by 1.15% Within 5 Mins, Marking 57,399.99 USDT
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.