Danny McCance 21 Feb 2019 10:57am

KPMG US partners with blockchain specialist

The Big Four firm has partnered with Guardtime, which provides digital services and blockchain-enabled business processes to companies going through digital transformation

Guardtime has six offices across Europe, the US and Asia and caters to sectors including defence, telecommunication, life sciences, financial services, energy and government.

The specialist’s blockchain platform focuses on simplifying compliance, audit and security requirements for digital organisations.

The move will allow KPMG to serve clients more efficiently across key areas including supply chain, data rights management, compliance procurement, finance, identity management, cloud audit, migration governance and security.

"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,” said Arun Ghosh, KPMG’s national blockchain leader.

"Partnering with KPMG's blockchain enablement services makes the technology real and gives clients the ability to take them to market across many industries,” said Michael Gault, Guardtime CEO.

In January last year, the Big Four firm acquired the identity and access management business of Silicon Valley-based technology company Cybernic to strengthen its information security and consulting services.

Last year PwC acquired an ownership interest in Chinese blockchain business VeChain and in the US entered into a blockchain partnership with Northern Trust. EY has also introduced blockchain technology in its audits.