Digital Asset partner Sphereon announced this week at the Voice of Blockchain conference in Chicago that is has enabled the tokenization of assets and stablecoin management using DAML on Factom Protocol.
Application simplifies traceability of Accenture’s software licenses and improves the asset management lifecycle
Accenture has announced a new distributed ledger technology (DLT)-based application that delivers enhanced enterprise software asset management capabilities. The application uses Digital Asset’s smart contract language, DAML, to model and enforce software license events throughout their lifecycle, from origination to purchase, which simplifies tracking, usage and audit functions.
“While software asset tracking and management tools have evolved, it can still be a daunting task for any large organization to manage,” said Melanie Cutlan, senior principal, Accenture Operations blockchain lead. “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.”