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Deloitte Continues Growing Major Blockchain Initiative, Teaming With Five Technology Companies and Announcing 20 Prototypes in DevelopmentNEW YORK, May 3, 2016 /PRNewswire/ -- Deloitte announced this morning that it is working with five prominent blockchain companies – BlockCypher, Bloq, ConsenSys, Loyyal (formerly known as Ribbit.me) and the Stellar Development Foundation – to provide new technological capabilities to its global financial institution clientbase. Deloitte is developing 20 blockchain-related prototypes that cover a multitude of uses such as digital identity, digital banking, cross-border payments, and loyalty and rewards, as well as in the investment management and insurance sectors. "Blockchain is proving to be a major disruptive force in financial services," said Joe Guastella, a principal with Deloitte Consulting LLP, and U.S. and global leader of the financial services practice. "The industry prototypes and pilots have shown this, and we continue to focus on helping our clients to make blockchain a reality for their businesses." "These five blockchain companies are collaborating with Deloitte's teams not just in the U.S., but across key geographies as well. Each complements our deep industry experience and, together, we are harvesting the benefits of blockchain technologies — developing new revenue models, improving cot efficiencies and creating innovative solutions across the globe," said Guastella. Deloitte's approach involves collaborating with its clients from idea stage through to the end commercialization, serving as the consultancy version of an incubator. As part of that process, Deloitte works with clients to rapidly build and test ideas, leveraging the latest solutions from its fintech ecosystem and integrating them into complex client environments. Overall, Deloitte brings a broad set of services including strategy, technology, talent, operations, risk, compliance, accounting and tax to transform these ideas into meaningful results. Each blockchain company can contribute a distinct capability or technology to Deloitte's clients:
Guastella made the announcement of these agreements at CoinDesk's Consensus 2016 conference this morning. About Deloitte Consulting LLP As used in this document, "Deloitte" means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting. Logo - http://photos.prnewswire.com/prnh/20120803/MM52028LOGO-a To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/deloitte-continues-growing-major-blockchain-initiative-teaming-with-five-technology-companies-and-announcing-20-prototypes-in-development-300261750.html SOURCE Deloitte |