‘Big Four’ Giant Deloitte Completes Successful Blockchain Audit
Multinational services firm and one of the so-called “Big Four” accounting firms Deloitte has announced the completion of its latest blockchain endeavor. The firm scrutinized permissioned blockchain protocols and applications with professional auditing standards. The aim of the project, Deloitte said, was to “enhance the utility and trust of a permissioned blockchain system” by putting it through both professional audit and assurance standards. If 2017 is the year of blockchain prototypes and proof-of-concepts turning into real-world applications, auditors will have to keep abreast with....
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Global consultants Deloitte have announced the successful completion of their latest test project which brings “professional audit standards to Blockchain transactions.” In a release earlier on Tuesday, the firm stated that it wanted to “enhance the utility and trust of a permissioned Blockchain system” through the application of existing industry standards. "For the purposes of this project, we selected an internally-developed loyalty points Blockchain application built by our Rubix by Deloitte team on a permissioned Ethereum network as a test case," Iliana Oris Valiente of....
Services giant Deloitte, one of the so-called ‘Big Four” accounting firms in the world has officially opened a new blockchain lab in Dublin, established to cater the clients in Europe and the Middle East. Announced yesterday, the new EMEA (Europe, the Middle East, Africa) blockchain lab is based in Dublin’s “Silicon Docks” district, a neighborhood that is home to a number of technology and Fintech startups as well as industry giants like Google and Facebook. The firm’s existing blockchain team of 25 developers and designers based at Deloitte Ireland HQ in Dublin will move to the new....
Deloitte, one of the ‘Big Four’ accounting firms in the world has purchased and unveiled a bitcoin ATM in its building in Toronto. Deloitte now has a new bitcoin automatic teller machine (BTM) in its Toronto office. A tweet released by non-profit financial services organization The Social Wallet, revealed the first sighting of the Bitcoin ATM and soon started making rounds on social media. C4 president Michael Perklin who is pictured in the image told CCN that the BTM was manufactured by Ottawa-based BitAccess. “This BitAccess Bitcoin Teller Machine was purchased by Deloitte to buy and....
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....
The ‘Big Four’ global accounting firms PricewaterhouseCoopers (PwC), Deloitte, Ernst & Young (EY) and KPMG have all been trying to figure out which way Financial Technology (FinTech) is heading. As such they have been publishing articles and reports and trying to provide the world with an analysis of where the nascent financial technology industry is heading. These accounting firms are important mainly because they service, in one capacity or another, most of the world’s companies and provide insight and shape opinion of industry leaders across myriad of sectors. It is interesting to....