Blockchain applied scientific discipline developer Digital Asset Holdings has revealed novel ‘strategic delineate of piece of occupation organisation relationships’ alongside consulting as well as applied scientific discipline services theatre Accenture, fiscal services theatre Broadridge as well as ane of the ‘Big Four’ inwards auditing as well as services network PricewaterhouseCoopers (PwC).
In a press release today, New York-based blockchain applied scientific discipline startup Digital Asset has announced the formation of iii “non-exclusive delineate of piece of occupation organisation relationships” alongside Accenture, Broadridge as well as PwC.
The Blythe Masters-led startup volition aid the iii firms harness the potential as well as hope of blockchain, the distributed ledger applied scientific discipline that underpins Bitcoin.
In providing blockchain applied scientific discipline as well as solutions to the iii firms as well as their clients, Digital Asset volition force towards the faster adoption as well as scalability of the conception alongside the aim of increased efficiency as well as lowered costs.
In a statement, CEO Blythe Masters said:
These alliances volition accelerate innovation, campaign growth as well as broaden our accomplish inwards dissimilar segments across the world.
Blockchain applied scientific discipline for Accenture’s Global Client Base
The annunciation from Digital Asset coincides alongside one by Accenture today, wherein the world’s leading independent consulting theatre is launching a specialized blockchain practise inside its fiscal services group. The novel attempt volition aid Accenture’s clients to implement distributed ledger applied scientific discipline amid their operations, alongside the firm’s alliance alongside Digital Asset proving to last key.
The partnership volition meet the 2 firms collaborate to render blockchain solutions for banks, brokerages as well as infrastructure providers who take away keep partnered alongside Accenture equally their preferred systems integrator. As things stand, Accenture services 42 of the occur fifty fiscal institutions globally, making its blockchain attempt a meaning ane to the applied scientific discipline that powers Bitcoin.
Speaking well-nigh the partnership, Owen Jelf, managing managing director of Accenture’s global upper-case alphabetic lineament markets practise said:
Blockchain-enabled technologies are poised to convey huge benefits to the fiscal services sector over the adjacent decade. By forming this practice, nosotros tin ambit the sack aid the manufacture unlock scalable as well as transformative uses of this innovative technology.
Accenture is too ane amid fifteen global firms that became investors inwards Digital Asset inwards a recent funding circular that scaled beyond $60 million.
In an interview alongside the Financial Times, Accenture fiscal services primary executive Richard Lumb revealed the immediate demand for the manufacture to amend on profitability, alongside blockchain solutions seemingly holding the answers.
Investment banks are spending well-nigh $100 billion a yr on technology, as well as the blockchain could take away keep out well-nigh 10 to twenty per centum of that. When you lot await at an manufacture that is downward to its knees inwards price of profitability, the blockchain offers some actually valuable answers.
Furthermore, he added:
There is a marketplace forming simply about the blockchain, as well as nosotros don’t desire to last left behind inwards that race.
Broadridge as well as Post-Trade Solutions
With a global connectivity as well as network of 150 upper-case alphabetic lineament markets clients, Broadridge is already vested inwards post-trade managed services, infrastructure as well as cybersecurity capabilities. The novel human relationship alongside Digital Asset volition enable the theatre to deliver distributed ledger solutions to existing post-trade services.
Furthermore, the expertise as well as domain of Broadridge volition aid identify, educate as well as campaign adoption of delineate of piece of occupation organisation purpose cases that could produce goodness from distributed ledger technology.
Vijay Mayadas, senior vice president as well as global caput of strategy at Broadridge Financial Solutions stated:
[The partnership will] deliver post-trade solutions for occur global banks across seventy countries [and] volition accelerate our shared mission to advance efficiency, safety as well as compliance across the global Capital Markets.
PwC’s Blockchain Binge
Global services behemoth PricewaterhouseCoopers has decidedly been bullish on blockchain applied scientific discipline inwards recent times. The services firm announced a crevice team of leading applied scientific discipline specialists simply about the globe to ‘exploit as well as commercialize’ blockchain applied scientific discipline inwards January. Soon after, PwC as well as Blockstream – a startup comprising of Bitcoin heart developers, announced a relationship to aid “bring blockchain technologies as well as services to companies simply about the world.”
With its latest partnership, PwC will meet Digital Asset focus on the former’s newly releasedBlockchain Portfolio. The aim is to educate PwC’s clients globally well-nigh Digital Asset’s distributed ledger solutions. The tie-up volition convey ‘discrete services’ offered past times PwC toward its clients inwards fellowship to execute proof of concept engagements.
Noting that blockchain solutions are what’s beingness demanded past times global markets, Haskell S. Garfinkel, a FinTech Co-Leader at PwC added:
That is, commercially feasible opened upwards sourced technologies that are based on trust, as well as solve the most complex problems businesses appear upwards at speeds as well as costs non even as well as then imagined.
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