KPMG launches Digital Ledger Services to help companies implement blockchain technology

  • Collaborates with Microsoft to offer blockchain as a service
  • Designed to help companies in regulated sectors such as financial services, healthcare, government


KPMG launches Digital Ledger Services to help companies implement blockchain technology



KPMG in Singapore has announced the introduction of its Digital Ledger Services.

This is a comprehensive suite of services designed to help companies, especially those in regulated sectors such as financial services, to realise the potential of blockchain capabilities such as providing faster and more secure transactions, streamlining and automating back office operations, and reducing costs by utilising blockchain-based technologies.

Blockchain is an alternative ledger database that maintains a continuously growing list of transaction records that are considered permanent and unchangeable, and is increasingly becoming the destination platform for financial services companies.

As a service offered through the KPMG Digital Village, KPMG’s Digital Ledger Services include full lifecycle support – from ideation, market needs validation, business case development and the building of prototypes – to systems and operations integration, and ongoing management of a company’s blockchain infrastructure.

The lifecycle support will involve management consulting and risk consulting proficiency in financial processes with regulatory requirements in mind. KPMG’s specialised in-house coding and development will also be part of the services offered to clients.

“Blockchain has the potential to replace all business intermediaries and ensures distributed trust. Imagine a process where we on-board clients via their blockchain identities just like you would use your own social media credentials to log-in to any application or device,” said KPMG Singapore head of Digital Village Jan Reinmueller (pic, above).

Expanding alliance with Microsoft

KPMG launches Digital Ledger Services to help companies implement blockchain technologyIn addition, KPMG will expand its strategic alliance with Microsoft to work on blockchain initiatives – with Microsoft providing blockchain as a service platform and KPMG providing its comprehensive suite of services – which will help clients efficiently and securely move to the cloud for storage, while adopting disruptive blockchain technologies.

“The global availability of Microsoft Azure, with its hybrid cloud capabilities, compliance certification portfolio, and enterprise-grade security help to enable blockchain adoption, especially in highly regulated industries like financial services, healthcare and government. With the availability of KPMG’s Digital Ledger Services in Singapore, built on Microsoft’s Blockchain as a Service platform, we hope to empower companies in Asia Pacific to build technology systems of the future,” said Microsoft Azure Blockchain Engineering principal programme manager Marley Gray (pic, left).

Collaborative innovation

KPMG Digital Village is also working with one of its portfolio start-ups, Bluzelle, to offer blockchain-powered applications to clients in the finance and healthcare industry.

KPMG has dedicated more than 80 partners and executives to focus on blockchain, including its industry leading Data and Analytics services that will focus on coding and development in support of proof of concept, prototyping and integration of blockchain capabilities.

In addition to increasing the speed and security of transactions worldwide by using cryptology, blockchain technology also can be used to reduce costs by leveraging cloud technology and improve regulatory compliance by offering detailed factual evidence and a solid audit trail of transactions for auditors and regulators.

Digital Ledger Services will also be similarly available to clients in Indonesia, with KPMG Digital Village extending its presence in the market this month.

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