• Sat, 16 Nov 2019, 09:35 PM
  • All times are UTC
  • Edition:
    International
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.
More
  • Bitcoin (BTC) $8,531.48 (+0.33%)
  • Ethereum (ETH) $182.82 (+1.46%)
  • XRP (XRP) $0.262500 (+0.58%)
  • Bitcoin Cash (BCH) $267.06 (+0.49%)
  • Litecoin (LTC) $58.27 (+0.90%)
  • Bitcoin (BTC) $8,531.48 (+0.33%)
Nov 14, 2019 (Thursday)
12:14
Amun AG launches Tezos ETP on Swiss SIX Exchange; makes available 7 crypto ETPs on Boerse Stuttgart
11:38
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:37
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
10:59
Samsung SDS integrates QEDIT’s private asset transfer solution with Nexledger blockchain
10:46
Crypto Technicals: BTG/USD slips lower to test 4H 200 SMA, break below to see more downside
10:11
ASX-listed firm DigitalX launched new bitcoin fund
09:23
Telegram denies all SEC allegations concerning its gram token and sale
08:23
Crypto Technicals: XMR/USD pauses shy of 110-EMA (67.251), break above to fuel more gains
07:17
AFME calls for a common approach for regulation of crypto-assets in Europe
06:49
Crypto Technicals: XRP/USD edges higher from fresh 3-week lows at 0.2565, bias strongly bearish
06:21
Chinese bitcoin mining giant Canaan seeks to raise $100M in US IPO
05:20
Crypto Technicals: LTC/USD breaks below 21-EMA, eyes 50-DMA at 57.28
05:19
Crypto data provider Messari raises $4M from Uncork Capital, Coinbase Ventures and others
04:35
Crypto wallet startup Bitski secures $1.8M from Winklevoss Capital, Coinbase and others
04:06
Crypto Technicals: BTC/USD confined to narrow range trade, 5-DMA caps upside at 8814
Nov 13, 2019 (Wednesday)
13:19
CME sets January 13 as target date for bitcoin options launch
12:25
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:25
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:17
HSBC, SGX, Temasek explore DLT for end-to-end digitalization of fixed income securities
11:18
Crypto Technicals: LTC/USD trade rangebound, holds support at 21-EMA (60.12)
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft