Deloitte Advises Businesses to Adopt Blockchain

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While FinTech companies and blockchain startups race to promote their technologies, there may be a different kind of race going on elsewhere.  Linda Pawczuk, head of Deloitte Consulting’s blockchain division, advises businesses to switch over.  She describes how established companies play a role in connecting the world to the blockchain. Her views, and those of Deloitte, … Continue reading “Deloitte Advises Businesses to Adopt Blockchain”

Big Four Auditing Giant, PwC Partners with Cred on Stablecoin Launch

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“Big Four” auditing giant, PricewaterhouseCoopers (PwC) just partnered with a decentralized lending partner, Cred to launch a new stablecoin. Designed to Bring Trust to US Dollar-Pegged Cryptocurrencies According to PwC, it wants to help build greater confidence in the crypto-sphere.  Doing so could usher in the next 100 million users of such assets, they note. … Continue reading “Big Four Auditing Giant, PwC Partners with Cred on Stablecoin Launch”

Blockchain Technology: Three Major Trends to Watch in 2018

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Blockchain is changing the way we do business. It’s revolutionizing real estate, healthcare, and even voting for example. In fact, the technology continues to grow in popularity as multiple industries find new uses for it. In a report from Deloitte titled, “2018 Global Blockchain Survey,” the group highlights some of the trends well worth watching … Continue reading “Blockchain Technology: Three Major Trends to Watch in 2018”

Five Roadblocks Preventing Widespread Blockchain Adoption

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Blockchain is one of the hottest buzzwords in the finance and technology sectors. The technology can potentially revolutionize financial services. Unfortunately, there are still challenges that are keeping from widespread adoption. In fact, Deloitte outlines five key hurdles. Challenge No. 1 — Increased Performance “Blockchain can be slow,” said Deloitte researchers in their report, “In contrast to … Continue reading “Five Roadblocks Preventing Widespread Blockchain Adoption”

Accounting: How the Big Four Approach Blockchain

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The Big Four accounting firms have different approaches to decentralized ledgers. As the blockchain tech matures and strengthens, behemoths in every sector are showing their interest. This technology can help improve productivity and reduce costs. Therefore, auditing and accounting industries can benefit greatly from DLTs. Furthermore, it is in these sectors that immutability of data can … Continue reading “Accounting: How the Big Four Approach Blockchain”

49% of Healthcare Execs Using Blockchain

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The use of the blockchain by experts in the healthcare arena is on the increase. In fact, nearly half of execs reported that they plan to use blockchain solutions within their companies. These findings emerged in the recent PwC Health Research Institute survey. However, there are still implementation challenges which include the lack of trust, expertise, … Continue reading “49% of Healthcare Execs Using Blockchain”

Mastercard Files Patent to Use Blockchain for Payment Tracking

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Apparently, blockchain adoption is picking up solid momentum. Mastercard is on board The company filed a few patents for using blockchain technology with the USPTO. For example, its patent titled, “Method and System for Recording Point to Point Transaction Processing” reveals its interest. What it wants to do is record “point to point” transactions upon … Continue reading “Mastercard Files Patent to Use Blockchain for Payment Tracking”

Fear of Missing Out: 84% of Companies Now use Blockchain

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Soon, we may see a fear of missing out (FOMO) with regards to blockchain use. At the moment, 84% of companies are using the technology, says a PwC survey. “Everyone is talking about blockchain, and no one wants to be left behind,” according to PwC’s 2018 Global Blockchain Survey, which included 600 executives. Another survey … Continue reading “Fear of Missing Out: 84% of Companies Now use Blockchain”

Three Major Blockchain Trends for 2018 and Beyond

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Quite literally, blockchain is changing the way we do business. If you think of a traditional database, like a spreadsheet, blockchain distributes that so it runs on millions of computers. It also uses state of the art cryptography. So, once information goes in, it is virtually impossible to get it out again without the original … Continue reading “Three Major Blockchain Trends for 2018 and Beyond”