In the rapidly evolving digital economy, organizations face heightened challenges in managing risks associated with third-party partnerships across artificial intelligence, blockchain and digital assets. Traditional third-party risk management (TPRM) approaches often fall short in addressing the complexities of today’s digital risks, regulatory compliance demands and need for transparent, real-time monitoring.

This paper explores the imperative role blockchain technology can play in transforming TPRM strategies, offering a sophisticated, secure and efficient framework for managing third-party risks in high-tech industries.

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