> Honestly I don't understand why a consortium of governments and businesses with high regulatory requirements don't simply get together and develop a common pl

> Honestly I don't understand why a consortium of governments and businesses with high regulatory requirements don't simply get together and develop a common platform for this. They'd rather give billions of dollars to Documentum or Oracle. If they want support, SOMEONE will provide paid support, like Postgres Or have a cooperative of businesses write the necessary software. In Germany we have vaguely similar thing going on with DATEV: Basically all tax advisors are members of the DATEV cooperative if they want to use their software suite, which for all intents and purposes is able to implement absolutely anything a tax advisor is required to do while at the same time implement all regulatory requirements such as confidentiality, archival rules, reporting, logging etc. In my opinion there should be a similar thing going on for all industry to implement the regulations required by GoBD, GDPR and so on.