Accountability in the Digital Asset Business
Research Overview
Author: Soumak Chatterjee, Louisa Bai, Janine Moir, Luisa Reyes, Neha Bhasin, Andy Kim
Release Date: September 16, 2021
Abstract:
With decentralization as a key design tenet, distributed ledger technologies are difficult to govern with centralized models of organizational oversight. While cryptoassets, smart contracts, and blockchains create efficiencies and mitigate certain known business risks, they introduce a unique set of risks. This project outlines strategies for managing, measuring, and mitigating these risks. For enhancing controls, its authors map out an integrated control framework with standards, roles, and responsibilities. They also look at audit and assurance of Dapps, proof of solvency, and regulatory compliance. Finally, they present a new playbook with red flags for executives as they size up their blockchain opportunities. It is a must read for enterprise leadership.
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