Deloitte has integrated with KILT blockchain, a Polkadot parachain, to streamline Know Your Customer (KYC) and Know Your Business (KYB) verification processes using reusable digital credentials. This allows users control over their data and enhances security, efficiency, and scalability.
Search Results for: Deloitte
Deloitte Partners with KILT to Revolutionize KYC & KYB: Efficiency vs Privacy Concerns
Deloitte Consulting AG partners with Polkadot parachain KILT to streamline KYC and KYB procedures with reusable digital credentials, improving user control and data privacy. The collaboration could transform industries like e-commerce, DeFi, and gaming with enhanced convenience, cost efficiency, and security.
Tottenham Hotspur Embraces Blockchain with Exclusive Fan Token on Chiliz Platform
Tottenham Hotspur introduces its fan-exclusive token, $SPURS, on the Chiliz Blockchain to improve fan engagement. The token promises to offer fans participation in team-related decisions and other exclusive club activities. Despite potential regulatory concerns, this innovation promises rewarding experiences and marks a new chapter in fan engagement.
Radicals in Blockchain: Reimagining The Commons with Cryptocurrency
“Dávila recently authored ‘Blockchain Radicals: How Capitalism Ruined Crypto and How to Fix It,’ a book that explores blockchain’s role in organizing non-state social and economic alliances. He upholds crypto’s potential to redefine and rejuvenate ‘the commons’ and advocates for broader understanding of the endless possibilities that crypto offers.”
Riot Platforms’ Surprising Auditor Switch: Delving into Crypto-Industry’s Complex Ties with Big Four
Bitcoin mining company Riot Platforms switches accounting firms, replacing Marcum with Deloitte, amidst concerns of large accounting firms’ hesitance towards providing services to crypto companies. This highlights a potential divide in how the Big Four firms approach the crypto industry.
Lack of Audits and Independent Boards: Crypto Firms Risking Collapse?
A recent Bloomberg report reveals that numerous influential crypto firms do not work with external auditors and independent boards, raising questions about transparency and professionalism in the cryptocurrency space. This lack of regulation persists despite the high-profile collapse of the FTX exchange and Alameda Research due to poor management and misappropriation of funds.
Canton Network: Revolutionizing Markets or Struggling with Decentralization, Privacy, and Control
Canton Network, a privacy-enabled interoperable blockchain, aims to streamline financial markets by creating a “network of networks” for asset synchronization. With support from Microsoft, Capgemini, Deloitte and others, it seeks to balance decentralization, privacy, and control for widespread adoption by financial institutions.
Canton Network: Financial Giants Unite for Blockchain Revolution and Web3 Challenges
Canton Network, a blockchain technology supported by financial giants like Deloitte, S&P Global, and Moody’s, aims to revolutionize financial markets using Web3 infrastructure. Offering decentralized services to increase transaction efficiency, it faces challenges such as data privacy, control concerns, and scaling limitations. The network seeks to test interoperability starting July, emphasizing its potential in asset tokenization and improved global trading efficiency.
Canton Network: Uniting Financial Markets, Privacy, and Blockchain Future
Canton Network, a privacy-centric blockchain project by Microsoft, Goldman Sachs, and other finance giants aims to offer an interoperable system for financial institutions. Starting tests in July, it targets synchronization of isolated financial markets, streamlining global trading and enhancing data privacy.
Canton Network: Revolutionizing Finance or Privacy Concerns Looming? Pros & Cons Explored
Digital Asset recently announced plans to launch the Canton Network, a privacy-enabled interoperable blockchain network for institutional clients. Backed by major industry players, this decentralized infrastructure aims to interconnect applications, streamline cross-chain transactions, and address privacy, decentralization, and compliance concerns within the financial market.