Absolute Governance: A Framework for Synchronization and Certification of the Corporate Contractual State

TL;DR

This paper proposes a blockchain-based framework for improving corporate governance by certifying, registering, and querying transactional status, reducing costs, and enhancing integrity through decentralized consensus and smart contracts.

Contribution

It introduces an on-chain methodology for corporate transactional certification and governance, leveraging blockchain technology for automation and cost reduction.

Findings

Average of 2% overbilling reduction achieved

Enhanced transactional integrity demonstrated

Decentralized governance approach validated

Abstract

This dissertation addresses the challenge of ensuring transactional integrity and reducing costs in corporate governance through blockchain technology. We propose an on-chain methodology for certifying, registering, and querying institutional transactional status. Our decentralized governance approach utilizes consensus mechanisms and smart contracts to automate and enforce business rules. The framework aims to reduce the transaction costs associated with contractual measurement reports and enhance overall transactional integrity. We provide a detailed exploration of how blockchain technology can be effectively harnessed to offer a robust solution to these challenges, setting the stage for our proposed solution and its potential impact on corporate governance. The application of the methodology resulted in as average of 2% overbilling reduction.