Moving forward to unleash blockchain’s potential
In an environment of rapid software development and deployment, a well-designed, risk-based Bimodal DevOps delivery rolled out using EDOB will enable compliance, enhance controls, streamline and redesign key delivery processes. This can increase an organization’s efficiency and agility in powerful ways.
SoD policies remain an integral part of an organization’s internal controls. They’ve been designed in response to controls and regulatory requirements geared to prevent fraud and material misstatements. These regulations mandate that controls be put in place to ensure that no individual has excessive rights to execute transactions across an entire business process without trusted checks and balances.
Many organizations struggle with their legacy SoD. On the one hand, control requirements must be adhered to. On the other hand, there’s a pressing need to be more agile, responsive and faster to market. On top of this, the complexity of delivering a change across numerous enterprise systems leaves many organizations struggling to implement basic internal controls.
Organizations today need to strike the right balance between investing the appropriate level of effort and emphasis on compliance within their current SOD policies, and striving for simplicity and precision in the execution of their controls. Blindly following internal directives defined more than a decade ago can be a costly mistake that hinders the benefits of DevOps in large organizations, especially those with multiple service lines.
Blockchain technology is well positioned to implement bimodal DevOps delivery that meets control requirements in business and technology environments of all sizes. A well-understood, role-driven, documented and automated service delivery process is only a requirement, which, when implemented on a blockchain using smart contracts, will provide immutable traceability of approved delivery activities.