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Accenture has announced that it has deployed new software license management application which was developed using Digital Asset’s platform.
In its press release, Accenture said that the application uses Digital Asset’s smart contract language, DAML, to model and enforce software license events throughout their lifecycle, from origination to purchase. The distributed ledger technology (DLT)-based application simplifies traceability of Accenture’s software licenses and improves the asset management lifecycle.
Chris Church, chief business development officer at Digital Asset, said that the application shows that DAML and DLT can deliver significant operational efficiencies to use cases beyond financial services.
“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,” Church added.
Improper use of software or failure to comply with the license use rights can not only be costly to businesses but can also hamper brand and reputation. Accenture said that the patent-pending software management capability will allow organizations to reduce these risks and have better transparency to the distribution and utilization of licenses.
Melanie Cutlan, senior principal, Accenture Operations blockchain lead, said that the company manages a significant portfolio of software licenses across businesses, clients and geographies.
“While software asset tracking and management tools have evolved, it can still be a daunting task for any large organization to manage,” said Cutlan. “The power of DLT will simplify the traceability of these licenses, and, therefore, the auditing function so all can see where each license is assigned. This has the potential to save organizations millions of dollars per year in the management of their software license portfolios.”
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