Main page News, Banking, Blockchain

A global management consulting and professional services firm and Fortune Global 500 company, Accenture has announced that it has conducted its first distributed ledger technology (DLT) based transaction, according to the company’s press release.

Thus, Accenture has developed an application which utilizes DLT in order to provide enhanced enterprise software asset management capabilities. The application is based on a proprietary smart contract language called DAML that was created by Digital Asset, a DLT-enabled software solutions provider.

As it was stated by Accenture, DAML is used by the application to model and enforce software license events throughout their lifecycle, from origination to purchase. It is expected that the implementation of distributed ledger technology will simplify tracking, usage and audit functions.

It is worth noting that it is not the first blockchain experience of the company. Earlier it was reported that Accenture and Digital Ventures have co-developed and launched a special blockchain solution will allow companies to safely buy and sell goods, make and receive payments, and obtain financing.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error