Block­chain tech­no­lo­gy will trans­form busi­ness models from a human-based trust model to an algo­rithm-based trust model, which might expo­se firms to risks that they have not encoun­te­red befo­re. In order to respond to such risks, firms should con­sider estab­li­shing a robust risk manage­ment stra­tegy, gover­nan­ce, and con­trols framework.

Link: Block­chain risk manage­ment – Risk func­tions need to play an acti­ve role in sha­ping block­chain strategy

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