KPMG Accounting Giant Promotes Blockchain Advocacy Group

KPMG one of the four largest accounting giants has joined the Wall Street Blockchain Alliance (WSBA).

KPMG has joined the non-profit trade Association, WSBA, as a corporate member. KPMG will take a seat on the board of directors, according to a recent press release. Eamonn Maguire, global leader for KPMG’s digital ledger services, emphasized that blockchain is advancing regarding production. The future of blockchain, according to Maguire, will dramatically impact the financial industry

BlockEx, Blockchain Intelligence Group, and Calypso, states that KPMG will use its influence to simplify growth and acceptance of disseminated ledger technology across all financial markets. Ron Quaranta, Chairman of the WSBA, remarked:

"We look forward to collaborating with them [KPMG], as our global members and indeed the world, begin to implement blockchain innovations across financial markets and beyond."

KPMG’s move is the latest group effort for the accounting consortium. A year ago, KPMG launched a blockchain services collection, partnered with Microsoft to continue its industry research, and spoke up about its thoughts that the blockchain technology could influence its clients.