The Big Four firms and Fortune 500 companies are working with a number of blockchain and crypto companies on ways to combat regulatory uncertainty, interoperability challenges, consensus models and development of the technology.
Why are audits important?The Big Four firms play a critical role when it comes to performing audits for crypto and blockchain companies.
Last year, Big Four firm KPMG as well as Forbes Insights conducted a survey to determine how important auditing and blockchain expertise is for finance executives.
Helping build out blockchain systemsWhile Big Four firms are able to shed light on auditing for crypto companies, each of them are also working on building blockchain systems.
Fortune Global 500 company, Accenture, is also working on a number of blockchain solutions with senior managing director and global blockchain lead, David Treat, telling Cointelegraph that the firm is focused on using blockchain systems to drive digital identity, supply chain management and financial infrastructure.
Big Four firm Deloitte and the World Economic Forum also recently released a report on blockchain interoperability.
A former Barclays investment banker who now serves as an independent blockchain business development professional, Tegan Kline, told Cointelegraph that the Big Four firms in particular have a unique opportunity to dominate accounting in the blockchain space.
In a previous Cointelegraph article chief crypto analyst at Weiss Ratings, Juan M. Villaverde noted that when more of the Big Four firms start leveraging the power of public blockchains, there will be more of an impact in terms of public adoption.
CEO of independent consulting firm 101 Blockchains, Aviv Lichtigstein, further told Cointelegraph that Big Four firms in particular were quick to jump on the blockchain bandwagon but have remained silent about crypto adoption.
"The Big Four firms immediately understood that the value of blockchain is in the digital transformation of enterprise business processes, rather than in the cryptocurrencies domain."
The Big Four Are Gearing Up to Become Crypto and Blockchain Auditors
gepubliceerd op May 29, 2020
by Cointele | gepubliceerd op Coinage
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