Why Blockchain

The immutability of blockchain records equates to a verified chain-of-trust and proof-of-process for compliance. Organisations can prove that they have secured their customers' data and that they have followed specific business processes. Auditors and regulators can be assured of the integrity of an audit trail produced by a blockchain-powered system.

One of the most exciting features of blockchain from the compliance perspective is its practical immutability, which assures inevitability. Since blockchain is shared by design, regulators would not have to collect, store, reconcile and aggregate the information themselves. Here's how blockchain helps:

  • Faster Identity Check Using Blockchain.
  • Distributed Ledger Technology to append not amend.
  • Gaining Efficiency in Regulatory Reporting.
  • Allows firms and regulators to keep their replicated financial records.