Deloitte Predicts Rise in Blockchain-Based Payments
Deloitte’s Center for Financial Services has released a report forecasting transformation of the banking industry over the coming decade due to disruptive technology. The Banking Industry Outlookreport estimates that blockchain-based payment systems could equal the volume of the United States' Automated Clearing House (ACH) financial transactions network....
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‘Big Four’ accounting firm Deloitte is launching a new blockchain-focused research and development lab in New York. The lab, based in the Wall Street district, is the second formal blockchain-focused lab opened by the consultancy after its Ireland division launched a similar facility in Dublin last May. More than 20 developers and specialists will be based out of the New York lab, Deloitte said, focusing on a clientele that will, at least initially, draw primarily from the area’s financial services industry – though the firm said that the lab will see it work with companies from other....
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....
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....
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....
'Big Four' accounting firm Deloitte is now the owner and operator of its first bitcoin ATM. After a quiet unveiling yesterday in the downtown Toronto offices of Deloitte's Rubix blockchain division, the bitcoin transaction machine, or BTM, is now ready to exchange digital currency for Canadia dollars. The move by Deloitte to host a bitcoin ATM is being positioned by the founder of Rubix as a way for the company to teach its employees and others in the area about blockchain by going back to its roots. Now the strategy leader of Rubix by Deloitte, Iliana Oris Valiente, told CoinDesk:....