KPMG India and Hashgraph Group Unite to Boost Blockchain Adoption with Hedera's Technology
In a significant move towards accelerating blockchain technology adoption in business, KPMG in India has announced a strategic partnership with The Hashgraph Group (THG), a Swiss-based technology company specializing in blockchain solutions within the Hedera ecosystem. This collaboration aims to enhance the transformative impact of Distributed Ledger Technologies (DLT) across various industries globally. By combining KPMG's professional services expertise with THG's innovative Hashgraph for Enterprise (H4E) product suite, both organizations seek to deliver co-branded solutions that can help enterprises utilize secure and efficient blockchain applications.
The partnership comes at a crucial time when industries are recognizing blockchain/DLT not merely as an optional technology but as essential infrastructure in an increasingly decentralized world. The anticipated growth in the adoption of these technologies indicates a shift where businesses can leverage the power of distributed ledgers to improve security, cut costs, and enhance transaction efficiency—benefits that are crucial as we move forward into the Web3 economy.
Chaitanya Gogineni, Partner at KPMG's Digital Lighthouse, commented on the alliance, stating, 'We are excited to join forces with The Hashgraph Group to build innovative Digital Ledger Technology (DLT) led tools and enable digital transformation for our clients. This alliance is built on a shared vision of empowering businesses to harness the power of DLT, unlocking new opportunities and creating lasting value.'
In essence, this strategic move not only combines KPMG's extensive consulting expertise but also capitalizes on Hedera's cutting-edge DLT capabilities to create energy-efficient solutions, which are critical in today’s environmentally conscious market. With potential applications in digital identity management, asset tokenization, supply chain optimization, and sustainability efforts, the implications of this partnership are vast.
Stefan Deiss, CEO of The Hashgraph Group, highlighted the significance of this collaboration, stating, 'This strategic alliance with KPMG in India represents a pivotal moment in combining the strengths of a leading professional services firm with the technological power of Hedera as the world's leading layer-1 protocol. We look forward to empowering businesses to compete effectively within the Web3 economy.'
Furthermore, KPMG and THG aim to pool their engineering resources and strategic Web3 capabilities to address the growing demand for enterprise-ready blockchain solutions. By doing so, they intend to strengthen their presence in the global market and expand their client outreach.
At a critical juncture for blockchain technology, the partnership not only signifies an avenue for businesses to access secure DLT solutions but also brings forward significant opportunities for innovation within various sectors. According to Krishna Tyagi, Head of Web3 at KPMG in India, 'Today blockchain technology has the potential to revolutionize various sectors by providing secure, transparent, and efficient solutions.'
Hedera’s network leverages its unique Hashgraph consensus algorithm, providing secure, high-speed, and scalable solutions with minimal carbon footprint—an essential feature for enterprises aiming to deploy sustainable applications. Governed by a council made up of significant global organizations, Hedera offers reliable, quantum-resistant infrastructure tailored for real-world applications.
Anindya Roychowdhury, Head of Global Partnerships at The Hashgraph Group, expressed enthusiasm for the partnership, noting India’s emergence as a leading hub for blockchain innovation. He stated that this alliance is poised to make Hedera the preferred DLT protocol for both governmental and enterprise usages.
In conclusion, as organizations seek to transform their operations through technological advancements, this partnership between KPMG in India and The Hashgraph Group stands as a landmark development for the future of blockchain in enterprise solutions. With an emphasis on security, efficiency, and sustainability, the implications of such a collaboration could very well reshape the digital landscape across industries.
The partnership comes at a crucial time when industries are recognizing blockchain/DLT not merely as an optional technology but as essential infrastructure in an increasingly decentralized world. The anticipated growth in the adoption of these technologies indicates a shift where businesses can leverage the power of distributed ledgers to improve security, cut costs, and enhance transaction efficiency—benefits that are crucial as we move forward into the Web3 economy.
Chaitanya Gogineni, Partner at KPMG's Digital Lighthouse, commented on the alliance, stating, 'We are excited to join forces with The Hashgraph Group to build innovative Digital Ledger Technology (DLT) led tools and enable digital transformation for our clients. This alliance is built on a shared vision of empowering businesses to harness the power of DLT, unlocking new opportunities and creating lasting value.'
In essence, this strategic move not only combines KPMG's extensive consulting expertise but also capitalizes on Hedera's cutting-edge DLT capabilities to create energy-efficient solutions, which are critical in today’s environmentally conscious market. With potential applications in digital identity management, asset tokenization, supply chain optimization, and sustainability efforts, the implications of this partnership are vast.
Stefan Deiss, CEO of The Hashgraph Group, highlighted the significance of this collaboration, stating, 'This strategic alliance with KPMG in India represents a pivotal moment in combining the strengths of a leading professional services firm with the technological power of Hedera as the world's leading layer-1 protocol. We look forward to empowering businesses to compete effectively within the Web3 economy.'
Furthermore, KPMG and THG aim to pool their engineering resources and strategic Web3 capabilities to address the growing demand for enterprise-ready blockchain solutions. By doing so, they intend to strengthen their presence in the global market and expand their client outreach.
At a critical juncture for blockchain technology, the partnership not only signifies an avenue for businesses to access secure DLT solutions but also brings forward significant opportunities for innovation within various sectors. According to Krishna Tyagi, Head of Web3 at KPMG in India, 'Today blockchain technology has the potential to revolutionize various sectors by providing secure, transparent, and efficient solutions.'
Hedera’s network leverages its unique Hashgraph consensus algorithm, providing secure, high-speed, and scalable solutions with minimal carbon footprint—an essential feature for enterprises aiming to deploy sustainable applications. Governed by a council made up of significant global organizations, Hedera offers reliable, quantum-resistant infrastructure tailored for real-world applications.
Anindya Roychowdhury, Head of Global Partnerships at The Hashgraph Group, expressed enthusiasm for the partnership, noting India’s emergence as a leading hub for blockchain innovation. He stated that this alliance is poised to make Hedera the preferred DLT protocol for both governmental and enterprise usages.
In conclusion, as organizations seek to transform their operations through technological advancements, this partnership between KPMG in India and The Hashgraph Group stands as a landmark development for the future of blockchain in enterprise solutions. With an emphasis on security, efficiency, and sustainability, the implications of such a collaboration could very well reshape the digital landscape across industries.
Topics Business Technology）
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