Blockchain Gets Real Across Industries
1 of 11
Bitcoin arguably put blockchain know-how on the map for most people. Of course, with out blockchain know-how, Bitcoin would not exist.
Few keep in mind the early “digital cash” initiatives that emerged not lengthy after the debut of the World Wide Web. Back then, the deadly flaw was working exterior the established monetary ecosystems. Blockchain, as a result of it offers everlasting, immutable information of transactions, was apparently the lacking piece.
While many organizations have launched blockchain initiatives, multinational skilled providers community KPMG is now approaching it otherwise.
“Blockchain is now at a point where it’s just part of the overall technology stack and that’s how we’re approaching it,” mentioned Tegan Keele, managing director of enterprise innovation at KPMG.
Up till a few month in the past, Keele’s crew was branded as “the blockchain team.” Part of that crew focuses on crypto asset providers which are about making blockchain helpful for giant monetary providers firms and serving to crypto-native firms perceive regulatory management Know Your Customer (KYC) transaction monitoring. Keele’s focus is local weather monitoring — particularly, local weather accounting that permits firms to show their emissions footprint and their progress towards Net Zero and different climate-related targets.
“There are starting to be FCC rumblings about climate disclosures [and] other countries are looking at regulations as well. All of that is sort of pointing to the direction of we better have climate data,” mentioned Keele. “The real driver is making things more efficient, more reliable, auditable, ready — all those kinds of things. It’s probably matured to the point where it’s probably being used in a lot more places than we really know about.”
Following are another examples of the place blockchain is being applied.
Lisa Morgan is a contract author who covers massive information and BI for InfoWeek. She has contributed articles, stories, and different varieties of content material to numerous publications and websites starting from SD Times to the Economist Intelligent Unit. Frequent areas of protection embrace … View Full Bio
1 of 11