The Multinational Service Giant PwC Announces Blockchain Research
The multinational professional services giant PricewaterhouseCoopers (PwC) has announced it will be entering the Blockchain environment. PwC has said they have created a new team of specialists to research the potentials of the technology due to customer demand. Steve Davies partner at EMEA FinTech leader at PwC feels his company is well positioned to explore the new protocol. Davies says: “There is a growing interest and a real demand from our clients to help understand the implications of the Blockchain and how to respond to it. So, as the Blockchain juggernaut continues to gather pace,....
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The New York-based private banking blockchain consortium led by R3 has now added a new “strategic’ partner, in global software giant Microsoft. In a new announcement made today, Microsoft is now in a partnership with R3CEV, a consortium of the leading banking institutions of the world that is looking to develop real-world blockchain solutions for the current banking and financial services industry. Microsoft, through its cloud service platform Azure, will also serve as the cloud services provider for R3’s Lab and Research Center that is currently developing blockchain-solutions to serve....
Global banks, financial institutions and organizations have begun to research about the potential applications of the blockchain technology that may restructure traditional financial and banking systems. Over the last few months, multinational banks including Citibank, JPMorgan and UBS have built research teams and startup acceleration labs to acvively develop prototypes of blockchain based applications and run pilot tests on their existing platforms. UBS for example, has announced their plans to build a transaction settlement platform based on a blockchain to enable banks and financial....
India’s third-largest software and information technology firm Wipro Ltd., has established a blockchain research facility in India’s IT capital of Bangalore. The IT giant is looking to develop real-world applications and software based on distributed ledger or blockchain technology. Already engaged in several blockchain pilot projects, Wipro has revealed a new research facility established to exclusively research and develop blockchain applications for its clients locally and globally. With a focus on the financial space, Wipro is working on several blockchain-related projects with its....