New York City-based Digital Asset Holdings LLC, a developer of distributed ledger (blockchain) technology for the financial services industry, on Wednesday announced strategic business relationships with Accenture, Broadridge and PwC that it says will help the firm increase the scope and scale of its business.
Under the deals: Accenture will provide consulting and systems integration services on blockchain-related work at banks, brokers, and infrastructure firms; Broadridge will help identify, develop and drive adoption of innovative business use cases; and PwC will focus on offering Digital Asset’s clients strategic, business, and technical services.
Accenture, Broadridge and PwC and are already working with them to provide value to our clients and the industry,” said Blythe Masters, CEO of Digital Asset. “These alliances will accelerate innovation, drive growth and broaden our reach in different segments across the world.”
Accenture also officially launched a blockchain practice as a specialization within its financial services group to help institutions implement blockchain technology. It will provide a range of consulting and technology services, including feasibility studies, business case assessments and operating model design to advisory services on systems architecture, cybersecurity and cloud consulting, through to full-scale systems integration.
“Blockchain-enabled technologies are poised to bring huge benefits to the financial services sector over the next decade,” said Owen Jelf, managing director of Accenture’s global capital markets practice. “By forming this practice, we can help the industry unlock scalable and transformative uses of this innovative technology. Our recent investment and alliance agreement with Digital Asset allows our clients to benefit from a close collaboration that will accelerate blockchain deployment industry-wide.”