Professional services company KPMG in Singapore has launched the Digital Ledger Services, a suite of services to help companies realise blockchain capabilities.
These include providing faster and more secure transactions, streamlining and automating back office operations, and reducing costs using blockchain technologies, KPMG said in a press statement on 9 November 2016.
The services target companies in regulated sectors, such as the financial services industry.
Offered through the KPMG Digital Village, KPMG's Digital Ledger Services include full lifecycle support 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 ensure distributed trust," said Jan Reinmueller, Head of Digital Village, KPMG in Singapore. "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."
Expanding alliance with Microsoft
In addition, KPMG will expand its strategic alliance with Microsoft to work on blockchain initiatives.
Microsoft will be providing blockchain-as-a-service platform. KPMG will provide its comprehensive suite of services, which will help clients efficiently and securely move to the cloud for storage, while adopting disruptive blockchain technologies.
"[Microsoft's] accessibility via cloud infrastructure enables us to scale up and support our clients operating in Singapore and the region," said Lyon Poh, Head of Digital & Innovation, KPMG in Singapore.
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