PwC Report: Blockchain a ‘Once in a Generation’ Opportunity for Financial Services

Blockchain marks the next “jump” in business process/optimization technology, according to a newly-released PriceWaterhouseCoopers (PwC) report on fintech.

The report, “Blurred lines: How FinTech is shaping Financial Services,” compares blockchain to Enterprise Resource Planning (ERP) software that allowed entities and functions within a business to optimize processes by sharing logic and data within the enterprise.

Blockchain, according to the 36-page report, will enable entire industries to optimize business processes by sharing data among organizations that have separate or competing economic objectives. It notes that blockchain combines a number of cryptographic, mathematical and economic principles to maintain a database of market participants without requiring a third party reconciliator or validator.

Source: CCN

PwC Director: Blockchain Impact Could Create Winners and Losers

Global professional services giant PricewaterhouseCoopers (PwC) became the latest big-name firm to make its blockchain service offerings public this month, unveiling a solution portfolio designed to take business clients from ideation to iteration as they explore the emerging technology.

The PwC Blockchain Solution Portfolio, a suite of 12 services aimed at spanning the cycle of analysis ongoing at major financial firms, features elements focused on education, evaluation and, ultimately, fostering collaboration between PwC clients and industry partners.

Source: CoinDesk

Digital Asset in Blockchain Tie-ups with Accenture, PwC, Broadridge

Dindexigital Asset Holdings LLC, a start-up specializing in the blockchain technology for the financial services industry, announced on Wednesday that it has entered into business relationships with Accenture, Broadridge and PricewaterhouseCoopers to ensure faster adoption of its product.

“These alliances will accelerate innovation, drive growth and broaden our reach in different segments across the world,” said Blythe Masters, chief executive officer at Digital Asset holdings and a former JP Morgan investment banker.

The partnerships show how the financial services industry is exploring the potential of the blockchain. In 2015, there was an explosion of interest in the bitcoin technology as a way to solve inefficiencies in financial markets. 

Source: Reuters

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