Microsoft and KPMG lauch Blockchain labs in Frankfurt and Singapore

Microsoft and KPMG lauch Blockchain labs in Frankfurt and Singapore

One of the "big four" audit firms KPMG works together with technology leader Microsoft to launch blockchain workspaces to research and develop blockch

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One of the “big four” audit firms KPMG works together with technology leader Microsoft to launch blockchain workspaces to research and develop blockchain applications in Frankfurt and Singapore.

“The Blockchain Nodes will play a critical role in identifying new applications and use cases that blockchain can address”, said Eamonn Maguire, global and US leader for KPMG’s Digital Ledger Services as quoted by finance.yahoo.com.

“They will enable us to work directly with clients to discover and test ideas based on market insights, creating and implementing prototype solutions that use this innovative technology.”, Maguire added.

The first labs are in Frankfurt and Singapore, while there are plans for launching a lab in New York.

“The Blockchain Nodes and the Microsoft alliance enable fresh approaches to solving clients’ complex issues as well as opening the door to new opportunities. We are also inviting the start-up ecosystem to participate in use case development, which will help enable a greater range of solutions for the challenges blockchain implementation presents for financial institutions and other industry players”, commented Jens Rassloff, KPMG’s global head of Alliances in an interview with finance.yahoo.com.

It is believed that the Blockchain Nodes can further examine how blockchain technology may be used in other industry sectors like heathcare and the public sector.

The strategic alliance between KPMG and Microsoft is not limited to the Blockchain Nodes. The companies work also on other blockchain initiatives which will help clients efficiently and securely move to the cloud for storage, as finance.yahoo.com stated. In these co-projets, KPMG contributes with its suite of services, while Microsoft offers its Microsoft Azure service platform.

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