KPMG & Blockchain Firm Guardtime Partner to Create Tools for Enterprises

KPMG, one of the ‘Big Four’ auditing firms, has announced that it has joined hands with enterprise blockchain firm Guardtime to provide blockchain-based services to its customers.

Under the partnership, KPMG, which has participated in blockchain projects earlier, will put its efforts to create a range of products and solutions through the latter’s platform.

The media release states “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 past three years, the technology of Guardtime has been received well in several parts of the world, including Estonia, where the government entered into a partnership with the company for the e-government program.

Notably, the firm inked a deal with EY, which is another Big Four accounting firm, to establish a blockchain powered insurance platform for the shipping industry, with Maersk joining the project as a client to test the platform.

Arun Ghosh, KPMG’s National Blockchain leader, said

“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.”

Back in November, KPMG analysts rated crypto as an important occurrence in addition to blockchain, but argued that institutional investment is a must for the desired growth.