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1. BLOCKCHAIN AND THE FUTURE OF FINANCE. Across global supply chains, financial services, healthcare, government and many other industries, innovators are exploring ways to use
1. BLOCKCHAIN AND THE FUTURE OF FINANCE. Across global supply chains, financial services, healthcare, government and many other industries, innovators are exploring ways to use Blockchain to disrupt and transform traditional business models. Many industry leaders have already achieved significant business benefits, including greater transparency, enhanced security, improved traceability, increased efficiency and speed of transactions, and reduced costs. A FINANCE WINDFALL The potential benefits for CFOs and their finance teams are compelling: New levels of data transparency, faster access to information and features like "smart contracts" will bring significant changes to financial operations. KPMG's Financial Management practice and Digital Ledger Services team have developed a framework to facilitate answering these questions. To prepare for this new world, they can help you evaluate the role that Blockchain can serve in your organization. A New Future for CFOs Blockchain is also going to have significant impact on financial operations. The KPMG analysts who have been studying the technology anticipate these key trends: Work with existing systems: Blockchain will not replace current ERP systems overnight. However, it may take time to fully realize the benefits of blockchain's real- time view of data. Go private, then public: Finance organizations will start with private blockchains to retain sensitive data, but could eventually add permissioned blockchains for industry partners and even customers. . . Mind the regulations gap: It's going to take time for government regulators to understand the technology and its decentralization of financial activities Discuss the pros and cons of the rise of Blockchain in Finance and its implications for the Finance Industry and the Financial Intermediaries. 2. Elaborate on the reasons why Governing bodies put number restrictions on membership of Partnerships. 3. Examine the extent to which good corporate governance procedures can help manage the problems arising from separation of ownerships from control of corporations within the private sector in Malaysia. 1. BLOCKCHAIN AND THE FUTURE OF FINANCE. Across global supply chains, financial services, healthcare, government and many other industries, innovators are exploring ways to use Blockchain to disrupt and transform traditional business models. Many industry leaders have already achieved significant business benefits, including greater transparency, enhanced security, improved traceability, increased efficiency and speed of transactions, and reduced costs. A FINANCE WINDFALL The potential benefits for CFOs and their finance teams are compelling: New levels of data transparency, faster access to information and features like "smart contracts" will bring significant changes to financial operations. KPMG's Financial Management practice and Digital Ledger Services team have developed a framework to facilitate answering these questions. To prepare for this new world, they can help you evaluate the role that Blockchain can serve in your organization. A New Future for CFOs Blockchain is also going to have significant impact on financial operations. The KPMG analysts who have been studying the technology anticipate these key trends: Work with existing systems: Blockchain will not replace current ERP systems overnight. However, it may take time to fully realize the benefits of blockchain's real- time view of data. Go private, then public: Finance organizations will start with private blockchains to retain sensitive data, but could eventually add permissioned blockchains for industry partners and even customers. . . Mind the regulations gap: It's going to take time for government regulators to understand the technology and its decentralization of financial activities Discuss the pros and cons of the rise of Blockchain in Finance and its implications for the Finance Industry and the Financial Intermediaries. 2. Elaborate on the reasons why Governing bodies put number restrictions on membership of Partnerships. 3. Examine the extent to which good corporate governance procedures can help manage the problems arising from separation of ownerships from control of corporations within the private sector in Malaysia
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