colored, pencils
News  •  Technology News  •  Technology

Tech giant Microsoft and professional services firm KPMG have announced the opening of new innovation workshops focused on blockchain development.

Dubbed "Blockchain Nodes", the workspaces are intended to serve as hubs for collaborative work on use cases, particularly those focused on finance applications. Of note is that the news expands an existing partnership, one that expanded last year that cover joint work on blockchain.

The latest announcement deepens that relationship, as the two firms are opening offices in Singapore and Frankfurt, with the intention to open a third location in New York at a later date.

Eamonn Maguire, KPMG chief for Digital Ledger Services, said in a statement:

"The Blockchain Nodes will play a critical role in identifying new applications and use cases that blockchain can address. They will enable us to work directly with clients to discover and test ideas based on market insights, creating and implementing prototype solutions that use this innovative technology."

The announcement also points to the growing trend of enterprise-focused firms establishing blockchain workspaces around the world.

Professional services firm Deloitte, for example, has opened labs in Dublin and New York in the past year, while IBM has launched a network of "garages", in part to develop applications of the technology.

Image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected].

MicrosoftKPMG

Load Comments