Usecase: Blockchain in Auditing
As we see more scenarios like Wirecard playout (where $2B vanished from its balance sheet), regulators and stakeholders are likely to push to validate entries in the “ledger books” of large organizations by themselves without having to wait for an audit report.
In the future releases of the SAP HANA’s blockchain adapter, we could see a connector that can host data from the blockchain virtual tables in the HANA databases with a secure login that allows regulators and stakeholders direct access into organization’s ledger databases & reports.
This could mean the end of compiling & lodgement of corporate reporting, and perhaps even auditing of reports altogether! ⏳🕵️♀️
https://bit.ly/2OJaQug
#auditasaservice #sap #digitaltransformation #blockchain
