Accenture, a global professional services giant, has recently released a new software license management application that was created using the blockchain technology together with Digital Asset, a tech startup. The company has announced that this app will use a new smart contract language called DAML and that its main goal is to simplify how software licenses are tracked.

The product is one of the first blockchain solutions that was built by the company, according to its representants. The company is currently managing a large portfolio of different products and blockchain products are a very important niche for them.

According to the company, new blockchain-based apps are expected to improve the quality of the products created by the company and especially to track and simplify many processed. This product will be a great asset for the companies who need to manage large databases, the company believes.

The company affirms that the power of the blockchain technology will greatly improve on simplifying the traceability of the licenses and this would help in auditing them all.

At the moment, this new technology is patent-pending and the company affirms that it can be used to effectively allow organizations to reduce the risk they face when they use unlicensed software or fail to comply with license use terms. It is also expected to boost the transparency of the processes.

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