KPMG partners with Guardtime to harness blockchain potential

Consulting giant KPMG has entered into a partnership with software security firm Guardtime to harness the potential of blockchain technology to build transparent, traceable, and secure business processes.

Founded in 2007, Guardtime is focused on building new digital products and services using proprietary technology to provide blockchain-enabled business processes to clients. It offers a platform that is scalable, industrial, and integrates easily into legacy business processes and applications.

Guardtime’s KSI is a blockchain platform designed for enterprise solutions with security, scale and performance built in. The platform is being used by organizations around the world including China Food Safety Cloud, the government of the Netherlands, Verizon and, others.

The company said that its blockchain platform provides immutable data and process integrity, significantly simplifying the compliance, audit and security requirements for organizations that are driving digital transformation.

Under the partnership, KPMG’s blockchain enablement services together with Guardtime’s expertise will aim to provide strategy, assessment, as well as design and implementation services.

"Guardtime's clients are companies that want to transform their business and win in the digital domain," said Michael Gault, CEO, Guardtime. "Partnering with KPMG's blockchain enablement services makes the technology real and gives clients the ability to take them to market across many industries."

The companies said that they will work with companies to help address complex business issues in the areas of supply chain, data rights management, compliance procurement, finance, identity management, cloud audit, migration governance and security.

"Our alliance with Guardtime gives clients access to a secure digital platform," said Arun Ghosh, KPMG's National Blockchain leader. "KPMG's deep business and technical experience along with Guardtime's blockchain platform drives business transformation in areas that are encumbered with manual processes and where data accuracy, trust, and security are paramount."