Consulting Company Accenture availing DLT Platform to Manage Software License

A press release on Monday, Nov. 12, revealed that in order to manage and track software licenses, global management consultancy firm Accenture has deployed a distributed ledger(DLT) platform.

Accenture has partnered with U.S. based company, Digital Assets which provides DLT products to financial institutions. The idea behind is to develop the solution for software management. The new app uses Digital Assets’ smart contract language , or DAML – a modelling language built specifically for distributed ledgers. The platform will help in tracking software licenses all the way down from their origination to purchase.

Accenture firmly believes that the DLT – driven app will increase the transparency in the distribution and utilization of software thereby helping major firms in avoiding possible risks of license rules violation.

Melanie Cutlan, who leads blockchain development at Accenture Operations says that while software asset tracking and management tools have evolved, it can still be a daunting task for any large organization to manage. She adds relevant policies and procedures supported with right technology is required to track software licenses and any possible violation related to it.

The technology department of Accenture has recently focused on blockchain – a type of DLT – solutions for different areas. Digital Assets and R3 Corda, along with Hyperledger Fabric and JP Morgan’s Quorum are mentioned to be as the first interoperable pairs. The latest release from the Accenture’s technology department was a tool that facilitates the interoperability of existing blockchain systems.

According to a patent filed this July, the company is all set to apply blockchain to upgrade its logistics network.