We would like to call your attention to the launch of the Hyperledger Governance,Risk and Compliance Special Interest Group (GRC SIG). The Hyperledger GRC SIG intends to focus on the adoption of blockchain technology in solving digital trust issues, making GRC practices more transparent, and simplifying the adoption by GRC practitioners.
Join us for our first meeting on February 9th, 9:30 PM IST/8 AM PST/4 PM GMT – Meeting Details
Technology has solved many legacy challenges, simplified processes and brought optimization, but, at the same time, it can add more complexities and expose to various risks if organizations don’t have expertise or adopted technologies in their nascent stage. With this SIG, we will help practitioners not just get familiarized with the technology but also assist in solving business trust issues by building decentralized GRC apps. We will also help them educate their organizations or customers about how to define the right set of controls to mitigate IT risk because of blockchain adoption.
To keep it simple, this group will explore using decentralized, permissioned Hyperledger blockchain technology to build applications that will streamline the way global organizations run their GRC practices. Blockchain has a huge potential for building trust and improving data accessibility by maintaining transparency along with cryptographic hash security. The SIG will discuss and explore the following relevant technologies:
- Hyperledger Fabric and other Hyperledger umbrella projects for GRC
- DAO and Distributed Governance Models
- New Consensus Mechanisms
The Governance, Risk and Compliance process includes these three elements:
- Governance is the oversight role and the process by which companies manage and mitigate business risks
- 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.
As part of this SIG, we will explore the areas within GRC space where blockchain can play a crucial role. For example, blockchain can help with digital trust in third party partnerships. It can also promote adoption of technology for IT auditing, organization and regulatory compliance when it comes to blockchain-based enterprise solutions, crypto and NFTs, transparent Environment Social Governance aspects, and more
To make this group successful, we would be happy to work with enthusiastic developers, students, GRC practitioners and all manner of professionals to take this SIG forward and make it into an industry standard.
Visit our GRC SIG wiki page to learn more details about the SIG’s charter and how to get involved. We encourage you to join this community by visiting the links below:
We are excited to launch GRC SIG and are looking forward to collaborating with you. Come join us at the launch event on February 9th, 9:30 PM IST/8 AM PST/4 PM GMT! Find meeting details here.