Copy link
Increase text size
Decrease text size
Link copied

‘Big Four’ firm KPMG joins blockchain IoT consortium

Thu, 02 May 2019, 05:30 am UTC

Consulting giant KPMG has announced that it is joining the Trusted IoT Alliance organization to catalyze the development of a blockchain-enabled, trusted Internet of Things (IoT).

Launched in September 2017, the consortium aims to bring companies together to develop and establish the standard for an open source blockchain protocol to support IoT technology across industries. Founding members include Bosch, BNY Mellon, Cisco, Gemalto, Chronicled, ConsenSys, Ledger, HCM International of Foxconn Group, IOTA, Oaken Innovations, Qtum, Chain of Things, and others.

"Our membership with the Trusted IoT organization brings together the key players in business transformation and technology to drive a secure and standardized IoT framework backed by blockchain,” KPMG's U.S. Blockchain Leader Arun Ghosh. “This will enhance the value of these emerging technologies for both KPMG and our clients, while enabling us to help improve data security among IoT devices and networks."

KPMG is already a member of a number of blockchain-focused consortiums and initiatives. This includes the blockchain consortium led by enterprise software firm R3, the Wall Street Blockchain Alliance (WSBA), Blockchain in Transport Alliance (BiTA), and the Blockchain Research Institute (BRI), among others.

In its 2019 Tech Innovation Survey, KPMG found that 23 percent of tech executives expect IoT processes to be one of the greatest blockchain disruptors over the next three years.

"The convergence of IoT and blockchain allows us to build better transparency between contracting parties, track service completion using sensor data as well as smart contracts to automate payment processing, and provide real-time product traceability with secure data aggregation across a supply chain, in addition to several other use cases," said Ghosh.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Bitcoin (BTC) $8,928.94 (+1.54%)
  • Ethereum (ETH) $204.49 (+1.12%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $229.14 (+1.33%)
  • Bitcoin SV (BSV) $185.27 (+0.35%)
  • Bitcoin (BTC) $8,928.94 (+1.54%)
Feb 21, 2020 (Friday)
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
Brazil to launch new payment system in response to cryptocurrencies
Digital currency exchange Coinbase Pro lists Kyber Network token
Norwegian Air to soon start accepting crypto payments
Swedish central bank begins CBDC pilot with Accenture
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
Telecom companies complete cross-carrier mobile payments using blockchain
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
South Korean ICO project discontinued, to return $7.5M to token holders
Samsung maintains crypto support in soon-to-launch Galaxy S20
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
Coinbase becomes first crypto company to receive Visa principal membership
Dubai Economy and six banks launch KYC Blockchain Consortium
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.