Deloitte announced yesterday that it is working with five prominent blockchain companies – BlockCypher, Bloq, ConsenSys, Loyyal and the Stellar Development Foundation – to provide new technological capabilities to its global financial institution customer base.
Deloitte says that it is developing 20 blockchain-related prototypes that cover various uses including digital identity, digital banking, cross-border payments, and loyalty and rewards, as well as in the investment management and insurance sectors.
Joe Guastella, a principal with Deloitte Consulting LLP, and U.S. and global leader of the financial services practice, commented about the expansion:
“Blockchain is proving to be a major disruptive force in financial services. 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.”