KPMG Ties Up With Guardtime To Develop Blockchain Products

By Prashant Jha

KPMG, one of the Big Four professional services firms in the world, has recently announced its partnership with Guardtime, an enterprise blockchain firm for the purpose of providing blockchain-powered services to its users and clients.

KPMG has prior experience of working with blockchain technology and now has initiated a strategic alliance with the Guardtime blockchain enterprise, planning to work with the Guardtime platform to build different types of products and services.

The press release elaborates on the scope of this partnership, noting that:

“Guardtime’s blockchain platform provides, immutable data integrity for electronic data as well as immutable process integrity, drastically simplifying the compliance, audit and security requirements for organizations that are driving digital transformation. With experience delivering practical solutions to both public and private entities, Guardtime offers companies a platform that is scalable, industrial, and integrates easily into legacy business processes and applications. Using KPMG’s blockchain enablement services, KPMG professionals will work with Guardtime to provide strategy, assessment, as well as design and implementation services.”

In the course of the last three years, the technology developed by Guardtime has found takers in a number of areas of application. It has even partnered with national governments such as that of Estonia to launch an e-government scheme.

Arun Ghosh, the National Blockchain leader for KPMG, while talking about this partnership, stated:

“Our alliance with Guardtime gives clients access to a secure digital platform. KPMG’s deep business and technical experience along with Guardtime’s blockchain platform drives business transformation in areas that are encumbered with manual processes and where data accuracy, trust, and security are paramount.”

Michael Gault, the CEO of Guardtime said:

“Guardtime’s clients are companies that want to transform their business and win in the digital domain. Partnering with KPMG’s blockchain enablement services makes the technology real and gives clients the ability to take them to market across many industries.”