Big Four To Form Their Own Blockchain Consortium

Four leading accounting firms that jointly form one of the world’s largest FinTech professional services network, are likely to have their own blockchain consortium very soon. Big Four is a group of four major accounting firms including Deloitte, KPMG, Ernst & Young and PwC. ‘Big Four’ mainly offers various financial solutions like corporate finance, audit, assurance, legal and consultancy services. But over the last couple of years, the Big Four group especially Deloitte is taking deep interest in Blockchain Technology. As a matter of fact, Deloitte is the world’s second largest professional service provider in terms of revenue. Lately, the company also started offering Digital Banking solutions using Blockchain technology earlier this year. And now, the joint venture of Big Four to collectively form a Blockchain consortium is definitely going to lead their business to new heights. It will not only consolidate their global network, but will also provide new opportunities for the Blockchain and Cryptocurrency enthusiasts.

Also read Anti Money Laundering Services For The Bitcoin Network.

Big Four’s First Blockchain Meet

Last thursday, Big Four conducted its first Blockchain meet in New York City. The Blockchain meet was held at Microsoft’s New York headquarters and was hosted by an ethereum based global blockchain firm, Consensys. The event was attended by delegates and blockchain experts from all four companies. Nevertheless, it wasn’t the first time that Big Four conducted a Blockchain summit, but it was their first joint meet on Blockchain. This Blockchain summit might prove to be a major breakthrough for these four organizations. The outcome of the summit hasn’t been revealed just yet, but as per the speculations, Big Four is going to announce the launch of their first Blockchain consortium very soon.

Big Four’s Surging Interest In Blockchain

All the four accounting firms that make up the Big Four group are taking deep interest in blockchain technology. The name of Deloitte comes first which is one of the largest accounting firms across the world. Lately, the company has partnered with several blockchain startups including Bloq, ConsenSys, Blockcypher and Stellar. Deloitte has also presented over 20 blockchain prototypes and is working on numerous blockchain oriented projects. Deloitte has also launched a software platform called Rubix which is largely based on blockchain technology.

PwC on the other hand, offers a comprehensive blockchain solution to its clients.

KPMG which is a professional services providing company has also been involved in numerous blockchain projects. The company is also adding a blockchain like ledger to its current line of consultancy services.