[2016-09-20] BS: Accenture breaks blockchain taboo with editing system

[polynesia]

Accenture breaks blockchain taboo with editing system

http://www.business-standard.com/article/reuters/accenture-breaks-blockchain-taboo-with-editing-system-116092001067_1.html

Accenture is challenging a defining feature of blockchain, its immutability, by patenting a system that will allow data processed and stored using the technology to be edited.

The consultancy said on Tuesday data would only be edited under "extraordinary circumstances", in order to resolve fat-finger-type human errors as well as to meet legal and regulatory requirements and address wrongdoing.

Blockchain users were quick to criticise Accenture's move, which is the latest investment by the financial services industry in the nascent technology, which promises to cut costs, reduce settlement times and increase transparency.

[polynesia]

Coverage in other publications.

http://tech.economictimes.indiatimes.com/news/internet/accenture-breaks-blockchain-taboo-with-editing-system/54428882
http://tech.firstpost.com/news-analysis/accenture-challenges-blockchain-with-a-new-data-editing-system-336411.html
http://www.livemint.com/Industry/6XLY34rWca6tcnwJtbIApM/Accenture-breaks-blockchain-taboo-with-editing-system.html