Deloitte report on blockchain

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Content:

• Deloitte’s Survey Paints a Bright Future for Crypto
• Deloitte obtains blockchain services firm in Southeast Asia
• Deloitte blockchain survey: Global adoption rises, enterprises bullish on digital assets
• 2018 global blockchain survey
• Centre for Financial Reporting
• Survey: Government Has Big Plans for Blockchain

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Deloitte’s Survey Paints a Bright Future for Crypto

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Stock analysis. Market Research. Nifty 17, Policy Bazaar Market Watch. Budget ET NOW. Auto News. Auto Components. Products Durables. Energy Power. Services Advertising. Sachin Dave. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. Agencies As part of annual risk-assessment process, the firms have also sought details of investments in non-fungible tokens or other crypto assets. The Big Four professional services firms - Deloitte , PwC , EY and KPMG - have asked their executives and partners to disclose cryptocurrency investments made by them or their family members during the year.

As part of annual risk-assessment process, the firms have also sought details of investments in non-fungible tokens or other crypto assets. The firms fear conflict of interest if partners or any of their family members have bought crypto assets, said insiders. ET's Sachin Dave explains what fresh investigations mean for the Indian auditing industry.

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Deloitte obtains blockchain services firm in Southeast Asia

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Deloitte blockchain survey: Global adoption rises, enterprises bullish on digital assets

Blockchain has been the powerhouse for many businesses including retail, manufacturing and supply chain. The technology is going to be the major disrupter for businesses in the future. A report published by Deloitte, an audit and consulting firm has found that blockchain technology will become a critical asset to the retail and consumer packaged goods industry. Deloitte analyzed over fifty potential blockchain use cases in consumer packaged goods and retail and concluded that potential impact of emerging technology is huge. The next five years will be the turning point as businesses came to know the potential of the blockchain. The report stresses that businesses should analyze whether their premeditated objectives authorize blockchain investment. While those who are not considering the possibilities are at risk of falling behind.

2018 global blockchain survey

Press releases. Disruption prompting industry to replace traditional practices and generate new sources of revenue, growth. Despite these challenges, there is shared optimism about future revenue opportunities from blockchain, digital assets and cryptocurrency solutions. Eighty-one percent strongly agree that blockchain technology is broadly scalable and has achieved mainstream adoption.

Centre for Financial Reporting

Attitudes towards blockchain technology are growing increasingly positive across the globe, according to new Deloitte analysis. Well over half of global businesses rate blockchain technology within their top five priorities. Deloitte has been tracking blockchain sentiment across the globe for a number of years now, with the belief that a positive attitude towards the technology is a gateway to investment. This year, the firm surveyed more than 1, professionals across the globe, and found a largely more positive outlook than in recent years. Where businesses previously viewed it as just another tool to improve efficiency, they now see it as an integral part of the organization that can improve a wide array of functions. The rest have all considered the tech and its position within their organisation.

Survey: Government Has Big Plans for Blockchain

Startup Europe. Grown up reporting. At the heart of this ambitious effort, surprisingly, is a UK company: London-based iov42 was chosen by the European Commission in August to help design European blockchain capabilities. A blockchain is a digital database or ledger used to record information and transactions in a transparent and collaborative manner. The technology underlies bitcoin and other cryptocurrencies. In theory, the blockchain should add accountability to the vast EU budget by generating a public record of all activity. This aspect of the tech makes it particularly compelling for the bloc, amid accusations that politicians and officials in some member countries mismanage or even embezzle huge amounts of subsidies each year. The EU blockchain push is part of a larger multibillion-euro effort by Brussels to stoke technology development across the bloc.

One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private permissioned. In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with.

While blockchain could unlock value in a range of industries, including finance, law, healthcare and real estate, a report from Deloitte suggests the technology must first address five barriers that stand in the way of market saturation. A current issue that adversely affects blockchain is laggy performance. Deloitte noted the potential of emerging models that aim to increase transaction speeds through faster consensus mechanisms. Interoperability would make collaboration between companies possible in ways it currently is not due to differences in coding languages, protocols, consensus mechanisms and privacy measures.

Paypal has expanded its cryptocurrency offering to the UK in what could be a major step towards widespread crypto adoption. This is the first time Paypal will give users outside the US the opportunity to deal in cryptocurrencies. The fintech pioneer will give its second largest user base the option to buy, sell and hold Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Similar restrictions were imposed when Paypal introduced these features in the US and the annual cap was eventually lifted in July this year. Educational resources will also be made available.

The following is the global blockchain Survey Report From Deloitte Consulting recommended by recordtrend. And this article belongs to the classification: Blockchain, research report. In the past year, all aspects of block chain, digital assets and financial services have changed, and COVID is only one of the reasons for its change.