Application simplifies traceability of Accenture’s software licenses and improves the asset management lifecycle
Accenture has completed its first transactions using a distributed ledger technology (DLT)-based application that delivers enhanced enterprise software asset management capabilities. The new 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.
The patent-pending capability was developed by the Accenture Operations team using the Digital Asset(DA) Platform and fits seamlessly with its existing best-in-class software asset management (SAM) capabilities. DA uses distributed ledgers to execute complex, multi-party business processes in a cryptographically secure environment. This collaboration has expanded DA’s reach beyond its production work with the world’s largest financial institutions. New functionality and capabilities will be added to the platform in its next release.
Improper software usage or failure to comply with the license use rights can be costly to businesses and can negatively impact brand and reputation. Accenture’s software management capability will allow organizations to reduce these risks and have better transparency to the distribution and utilization of licenses.