Deloitte Joins Blockchain Consortiums Ethereum Alliance and Hyperledger

Professional services giant Deloitte has announced it is joining two of the world's largest blockchain consortiums.

Revealed today at CoinDesk's Consensus 2017 conference, Deloitte has officially joined the Enterprise Ethereum Alliance, launched in February to promote corporate use of the ethereum blockchain, and the Hyperledger project, the Linux-led umbrella effort that houses various open-source enterprise distributed ledger technologies contributed by members.

Still, in interview, Deloitte principal Eric Piscini framed the news as more of a formalization of existing relationships with both groups.

He told CoinDesk:

"We've done projects on Hyperledger and ethereum for a long time. What's new to us is we want to be part of those organizations and structure. We want to drive some of the activities in the consortium."

Although the firm works on proofs-of-concept with corporates around the globe, Piscini remarked that the move wasn't driven by client demand, but rather by a desire for the firm to play a role in shaping how these technologies might be used by businesses.

Further, he stressed the general sentiment prevailing currently in the blockchain community that the entire industry needs to move toward launching projects that demonstrate the real-world utility of the projects.

He said:

"Our client is not looking for Hyperledger or ethereum. They're looking for something that's working."

Deloitte building image via Wikipedia

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Pete Rizzo

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.