Beyond AI: the growing impact of blockchain

While artificial intelligence dominates debates about innovation, a quieter revolution is underway: blockchain and smart contracts are transforming corporate governance. Projections indicate that the global smart contracts market will jump from US$2,14 billion in 2024 to more than US$12 billion by 2032, a growth of 580%.

Immutable auditing and automated compliance

Blockchain guarantees traceability and integrity. Each registered action is permanent, preventing fraud and facilitating audits. Hitachi and Renault already apply blockchain for supplier management and regulatory compliance, achieving 50% cost reductions with non-compliance and 10% with quality failures.

Trust Your Supplier also demonstrated how this technology revolutionizes processes: its platform reduced supplier onboarding time by more than 70% and cut data verification costs in half, creating “corporate digital passports” that take compliance to a new level.

Smart contracts raise the potential of technology: they automate compliance with internal policies without human intervention. Sectors such as financial already observe a drop of up to 80% in payment processing time and a reduction in double-digit fraud.

The challenge: regulatory maturity and safety

Despite the potential, adoption faces obstacles. In 2024, more than US$4 billion was lost due to failures in smart contracts. In addition, 60% of companies cite regulatory uncertainties as a critical barrier, and 30% report a lack of expertise to implement these solutions safely.

Vennx: vanguard in technological GRC with applied AI

Vennx does not yet operate solutions based on blockchain or smart contracts, but it already leads the digital transformation of GRC with artificial intelligence, predictive automation and data architecture applied to corporate governance. Oracle, for example, anticipates risks, corrects improper access and generates real-time audit trails, resources that demonstrate how technology can be applied with depth and impact.

More than adhering to trends, Vennx builds the future of governance with real solutions and emerging technologies applied to what matters: risk, compliance and security in critical environments.

Why act now

With the European GRC market projected to reach US$27 billion by 2033, companies that do not adapt will lose space. The CRM of the future is autonomous, traceable and intelligent, and it has already started. Vennx is shaping that scenario.

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