Procurement Magazine October 2024 | Page 198

PROCUREMENT TECHNOLOGY

55 %

reported procurement fraud is a widespread concern in their country , yet a minority are using available tools to identify or combat it ( The PwC Global Economic Crime Survey 2024 ) enterprises . And so privacy is essential for enabling enterprise business models .
“ The reality is that until very recently , privacy hasn ’ t really been a functional capability .
“ The connections today that exist between are all digital , that is for sure , but mostly they ’ re very unsophisticated forms of digital assets . With privacy , we can take these digital silos that are connected by fax or EDI or send around PDFs and we can turn it into this continuously integrated blockchainbased business ecosystem where you
198 October 2024