• Sun, 22 Sep 2019, 08:31 PM
  • All times are UTC
  • Edition:
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) $10,043.10 (+0.18%)
  • Ethereum (ETH) $207.84 (-4.03%)
  • XRP (XRP) $0.274600 (-5.23%)
  • Bitcoin Cash (BCH) $305.19 (-2.13%)
  • Litecoin (LTC) $72.21 (-1.33%)
  • Bitcoin (BTC) $10,043.10 (+0.18%)
Sep 20, 2019 (Friday)
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: LTC/USD Technical Analysis Summary
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Azerbaijan's State Customs Committee seeks to exchange information with global counterparts via blockchain
Coinbase considers listing 17 new digital assets including Kadena and Telegram
Crypto Technicals: ETH/USD consolidates previous session's gains, bias bullish above 200-DMA
US Congress’ upcoming hearing with SEC to focus on cryptocurrencies and Libra
Crypto Technicals: BTC/USD retraces from 3-week lows, resumes range trade, bias neutral
Square Crypto taps former Google, Facebook and Lightning Labs execs for inaugural developer team
Crypto Technicals: XTZ/USD struggles at 200-DMA resistance (1.1209), break above to see further gains
Bank of America joins blockchain-based trade finance network Marco Polo
Patrick Byrne sells off his $100M Overstock stake to buy cryptocurrencies, blames 'deep state' and SEC
Early ethereum supporter Steven Nerayoff faces $12M cryptocurrency extortion charges
Crypto trader Genesis acquires Qu Capital to bolster trading technology
Crypto Technicals: IOT/USD Technical Analysis Summary
Pakistan's Faysal Bank becomes the country's first bank to adopt Ripple's xCurrent technology
All 7-Eleven stores in the Philippines now sell bitcoin, thanks to the new partnership of Abra, ECPay
Arab Bank Switzerland partners with Taurus to offer cryptocurrency services to its wealthy clients
IBM, Citibank, Ubisoft signed up as corporate partners of Singapore's blockchain accelerator Tribe
Sep 19, 2019 (Thursday)
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.