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A new risk matrix for blockchain implementation

The AICPA & CIMA have partnered with ISACA to release a new joint publication that identifies risks organizations should consider when evaluating whether to implement blockchain technology.

In a white paper titled Blockchain Risk: Considerations for Professionals, the ISACA-AICPA & CIMA Joint Blockchain Working Group documents, describes, and provides context around specific risk related to blockchain implementation and operation. The risks are categorized into five key domains — governance, infrastructure, data, key management, and smart contracts. 

"Many enterprises are eager to harness the power of blockchain to transform their businesses or operations," said Dustin Brewer, ISACA senior director, emerging technology and innovation, and a member of the ISACA-AICPA & CIMA Joint Blockchain Working Group, which focuses on identifying and documenting risk associated with private blockchains.

Continue reading: https://www.journalofaccountancy.com/news/2021/apr/new-risk-matrix-blockchain-implementation.html

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