KPMG Launched New Platform in 3 Countries
Big Four audit company KPMG has recently launched a blockchain-based track and trade platform. It is not only in one country, but three – Australia, China, and Japan. And they made this new tool to increase transparency and traceability of transactions in various industries. And these include agriculture, manufacturing, and financial services.
Aside from that, the official launch came after victorious pilot implementations with clients in the said countries, the press release revealed.
Then, the trial participants of KPMG Origins include one of Australia’s largest branded food exporters, SunRice. Also, the peak body for Australian sugarcane growers, CaneGrowers, and vineyard Mitchell Wines.
In a previous report, the Big Four firms – Deloitte, PwC, EY, and KPMG – have shown a keen interest in blockchain technology implementations. And in 2018, the firms’ public and private audits have reportedly accounted for over 50% global audits. And the Big Four’s activity in crypto and blockchain could be a sign of global blockchain adoption.
Aside from the recent announcement of KPMG, one of the latest blockchain implementations among the firms is EY’s blockchain platform for public funds. And the firm launched this back in mid-October.
EToro to Facebook
Meanwhile, in a report on November 28, eToro’s blockchain research unit eToroX Labs assumed that the crypto project of Facebook offers a trailblazing chance. And this is to disrupt financial services globally. However, the social media giant needs to look for a new strategy to make sure of success.
Moreover, distrust and forceful opposition have plagued the project of Facebook since its inception. And this prompts American politicians to recast Libra derisively as ZuckBucks.
But eToroX Labs’ researchers believe that there is still something to fight for, especially now that it sees the firm’s ambitious goal of them. And that is to embed a peer-to-peer payment network that could purportedly develop financial inclusion worldwide.