Accenture Creates a Blockchain Editing Tool
Accenture has patented a new system that can be used to edit the seemingly immutable blockchain entries. Accenture is redefining the concept of Blockchain. The tech services provider has recently patented a system which can be used to edit the blockchain entries. The latest development was reported by one of the leading news media outlets. In the report, Accenture’s group chief executive for financial services Richard Lamb was quoted saying: “For financial services institutions faced with the myriad of risk and regulatory requirements, absolute immutability is a potential roadblock.” With....
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Global professional services and consulting giant Accenture has developed a prototype that will enable a central administrator to edit – even expunge – a record on a private blockchain. In an announcement today, Accenture said it has created “a prototype of a new capability” that will allow one or more designated administrators to edit, rewrite and remove blocks from a permissioned blockchain, without breaking the chain. Patent applications for the prototype’s invention have been filed in the United States and the European Union, by the firm and co-developer Giuseppe Ateniese, a professor....