of companies completed an enterprise-wide fraud risk assessment in the last 12 months and a further 12 % plan to do so within a year

• Starlight : A tool which supports the needs of complex business agreements where business logic must be shared between parties at the network level but privacy from competitors also remains critical .

EY and Blockchain Paul Brody has been the Global Blockchain Leader at EY since 2016 . He presented a keynote to the Korea Blockchain Association in 2023 . There , he spoke on his history of working with blockchain , having started in 1996 at McKinsey , before working at IBM . In 2013 , at IBM , he got involved in his first blockchain project with the multimedia solutions centre at Samsung .

But it was at EY where he really got to pursue blockchain technology and work out how it can be most beneficial for enterprises .

In this keynote , Paul highlighted how blockchain can help with a business ’ s procurement operation . He emphasised the importance of privacy for industrial applications :

“ The reason for that very simply is that if you ’ re an enterprise , you want to do something like inventory management or you want to have an automated procurement relationship with your business partner or track your products or manage your trade across borders , it ’ s really important that your competition cannot see what you ’ re doing .

“ The problem with a lot of blockchain infrastructure by default is that it becomes very easily visible . It ’ s very easy if you do lots of transactions , especially if you do them with non-fungible tokens . It ’ s easy for us to figure out who you are transacting with and what you ’ re doing – that is sensitive business information for

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