Accenture Launches DLT Platform for Managing Software Licenses

Global giant Accenture has teamed up with Digital Asset platform, using its language for smart contracts, i.e. DAML, to optimize its method of tracking software licenses.

In its press release posted on Monday, Accenture says that this is going to be one of its first DLT-based solutions.

Accenture turning to blockchain

Since the company has to manage a lot of software licenses spread across various customers — including businesses — all around the world, Accenture is now in need of a technological solution that would underpin its procedures and policies, states the release.

The new DLT-powered app will allegedly assist the company in prolonging the management cycle for the software assets it has. That also means that auditing and tracking will be taken to a new level.

Going to a new level of operation

An Accenture rep clarified that blockchain will make it easier to trace licenses, thus improving the auditing process. This will enable the company to see which customer every license was given. This way the company expects to save a great deal of money and avoid lots of paperwork annually.

Reportedly, Accenture has filed a patent for this, hoping that this app will enable firms to avoid utilizing unlicensed software and prevent them from failing to follow license terms. Besides, blockchain, as always, will ensure transparency in the issue of distribution and the actual usage of licenses.