Microsoft and KPMG international announced today the launch of Blockchain Nodes. The joint alliance ultimately means that startups can efficiently and securely move to the cloud for storage, while they also adopt blockchain technologies and develop blockchain applications for real-world processes.
According to the annoucement, the first joint Blockchain Node innovation workspaces will be in Frankfurt and Singapore, with future plans for a location in New York. This also comes as an expansion of an already existing global alliance, which combines Microsoft’s technical expertise with KPMG’s deep industry and blockchain application knowledge.
The focus will be on applications for financial services, with further examination of how blockchain technology can optimize business processes and models for healthcare and the public sector, and other industries in the future.
In a statement, Marley Gray, principal architect program manager, Azure Blockchain Engineering at Microsoft commented on the alliance with KPMG.
“Together with KPMG’s experience in successfully transforming business models, we are pursuing innovative applications of blockchain technology that will help our customers worldwide achieve their strategic goals… The global availability of our Microsoft Azure cloud platform, the hybrid cloud architecture, and multi-tiered security address the specific compliance requirements of clients and help accelerate the use case process”
Similarly, Jens Rassloff, KPMG’s global head of Alliances also remarked on the alliance with Microsoft.
“The Blockchain Nodes and the Microsoft alliance enable fresh approaches to solving clients’ complex issues as well as opening the door to new opportunities. We are also inviting the start-up ecosystem to participate in use case development, which will help enable a greater range of solutions for the challenges blockchain implementation presents for financial institutions and other industry players.”
As noted on this official website, KPMG and Microsoft offer Enterprise Resource Planning and Customer Relationship Management, Cloud Transformation and Compliance (CTC,) and Data & Analytics (D&A.) As always, let us know what you think if this latest news by dropping us a comment below.Further reading: blockchain, Microsoft