Introduction and Scope
We would like to have all your attention for the launch of the Special Interest Group of GRC on Blockchain. The launch of Hyperledger GRC SIG is designed to focus on the optimization of GRC on the blockchain. We would be happy to work with enthusiastic developers and all manner of professionals to take this SIG forward and make it into an industry standard.
To keep it in simple words, GRC – SIG uses decentralized, permissioned Hyperledger blockchain to build applications that will streamline the way global organizations run their businesses. Blockchain has a huge potential on data accessibility along with cryptographic hash security in a transparent manner. The SIG will use the following relevant technologies like
- Hyperledger Fabric
- Token
- DAO
- New Consensus Mechanism
The span of a Governance, Risk and Compliance process includes three elements
- Governance is the role and the process by which companies manage and mitigate business risks. Means by which organizations are managed in a structured way
- Risk management enables an organization to evaluate all relevant business and regulatory risks and controls and monitor mitigation actions in a structured manner
- Compliance ensures that an organization has the processes and internal controls to meet the requirements imposed by governmental bodies, regulators, industry mandates, or internal policies.
Read the GRC SIG Charter to know more.
Note: GRC Framework definition by MetricStream
