Accenture to Debut “Editable” Blockchain Next Week
Global professional services group Accenture has announced a prototype that they call an “editable blockchain.” The firm says the concept addresses immutability concerns and the right to be forgotten laws. Accenture Editable Blockchains Preferred By Banks. Last week, an executive from Accenture described Bitcoin’s immutability as a weakness. Now, the....
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A financial innovation lab operated by management consulting firm Accenture has added a blockchain startup to its latest class. Accenture's 2016 FinTech Innovation Lab London, the company announced yesterday, will include 15 startups. Crowdaura, which uses blockchain technology as a mechanism for issuing securities via crowdfunding, is the sole blockchain startup to be included in the class. The selected startups will spend 12 weeks working with Accenture staff and executives from a variety of major financial institutions including Bank of America, Deutsche Bank, HSBC and Société Générale.....
The Chamber of Digital Commerce gets three more high-profile member companies in the form of Accenture, CME Group, and TMX Group. The use of blockchain technology across various industry segments can’t be contested. The shared interest among companies to explore the use of cryptocurrency technology has led to the creation of the Chamber of Digital Commerce. It is currently the leading blockchain trade association which just became bigger following the inclusion of Accenture as one of the members. Other companies that gained entry into the Chamber of Digital Commerce alongside Accenture....
Accenture has debuted a new blockchain-focused hardware solution for storing private keys. The professional services firm partnered with Thales, a French company that works in the fields of cyber security, aerospace and defense, to develop the solution. It relies on hardware security modules (HSMs) to store the private keys – pieces of digital information that are used to sign blockchain transactions – in a bid to shore up security around enterprise-facing blockchains. Specifically, the Accenture solution relies on the nShield HSM product developed by Thales. In statements, Accenture....
Two of the largest multinational professional consultancy firms, Ernst & Young (EY) and Accenture, believe blockchain technology is at the forefront of innovation and mass adoption. Both EY and Accenture are hosting two separate accelerator-focused events on bolstering fintech and distributed ledger protocols. Accenture Hosts 5th Annual London....
Accenture has patented a new system that can be used to edit the seemingly immutable blockchain entries. Accenture is redefining the concept of Blockchain. The tech services provider has recently patented a system which can be used to edit the blockchain entries. The latest development was reported by one of the leading news media outlets. In the report, Accenture’s group chief executive for financial services Richard Lamb was quoted saying: “For financial services institutions faced with the myriad of risk and regulatory requirements, absolute immutability is a potential roadblock.” With....