Deloitte: Blockchain Will ‘Gain Significant Traction’ by 2020
A recent report coming from the Deloitte Center for Financial Services reveals how the banking industry will be disrupted by emerging technologies. Titled “Banking reimagined,” the report states that the encroaching digital ledger payment systems will be the “most disruptive.” It also details these innovations may reach processing volumes as large as the....
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A recent Deloitte report indicates increasing adoption of blockchain technology, influenced by industry working groups and consortia. Blockchain consortium has found a new follower in Deloitte. The “Big Four” consulting firm, according to a report, attributes the success of blockchain technology to various groups. The consortium of global banking and financial institutions headed by R3 and other similar consortia seems to have played an important role in blockchain adoption. Deloitte is one of the early adopters of distributed ledger technology. It has been supportive towards startups....
Deloitte unveiled their new personal Bitcoin ATM machine in their Toronto office off Yonge St. The Bitcoin ATM itself will be used heavily by Deloitte’s Rubix division which specializes in Blockchain technology. This will provide Deloitte with a faster and simple option when buying Bitcoin for their Blockchain research and development. With a public launch on Sept 7, now anyone can use their ATM at the Rubix office on the 2nd floor lobby. The Bitcoin ATM will be able to buy and sell Bitcoin with a 1% fee for both buying and selling. The ATM itself was made by Ottawa-based BitAccess and....
In an effort to foster further development of blockchain technology, WanXiang Blockchain Labs, a Chinese research institution, and Deloitte, one of the largest accounting and audit firms in the world, have teamed up to launch the first ever Shanghai blockchain hackathon beginning on January 8th. “Our focus on how technology and going digital are changing the ways we live is globally orchestrated. Deloitte people from the different countries around the world [have] formed a specialized team ‘Deloitte digital’ to understand the impact how digitizations [sic] is changing every industry and....
One among the "Big Four" professional consulting firms in the world, Deloitte has jumped into the Blockchain bandwagon. Latest developments in the company includes creation of Deloitte Cryptocurrency Community with over 100 people and the launch of Rubix Software platform that can be used to build applications over Blockchain. Deloitte, like many other financial and professional services companies has started exploring the various potential uses of Blockchain technology for themselves as well as their clients. According to Deloitte, the company has been involved in Blockchain research for....
A new report by the Deloitte Center for Financial Services predicts that permissioned blockchain payment systems will see “significant transaction volume” by 2020. Such systems, the report said, could reach the scale of the ACH network, which processes 23 billion transactions annually, by 2025. Elsewhere, it projects that bitcoin and digital currencies will go mainstream, but that many alternative cryptocurrencies would likely vanish or be replaced by “state-sponsored” digital currencies. Deloitte's findings come as part of a broader report assessing how disruptive forces are expected to....