Implications of the Use of Blockchain in SOC Examinations
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Implications of the Use of Blockchain in SOC Examinations

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The use of blockchain may provide opportunities for service organizations to provide new services (for example, developing new systems to support supply chain efficiency) and to reduce the costs of providing existing services to user entities (for example, by eliminating the time spent on reconciliations; researching and resolving differences between separate ledgers maintained by parties to transactions; reducing the risk of unauthorized changes to business records; and reducing the risk that business records are not available when needed).

The opportunities

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