Global accounting giant PricewaterhouseCoopers LLP (PwC) has announced the launch of Vulcan Digital Asset Services, which aims to enable the expected shift toward the use of blockchain technology to provide the plumbing of the financial services system, on Monday.
The services include a platform designed to enable the shift toward digital assets for households and businesses, such as digital asset wallets, international payment processing and investment and trading services. PwC says that it will also soon offer point-of-sale and merchant services.
“Vulcan is a cloud-based platform that enables banks and corporations to offer a suite of new digital currency related products and services to individual, retail and institutional customers within a trusted, transparent and compliant ecosystem,” says Robert Allen, director with PwC, in a statement. “It’s the first of its kind globally and has been created to bring digital assets and currency to the mainstream.”
“We’re already running several pilots within multiple industries looking at capturing digitized assets within our trusted wallets as well as issuing customer reward points as digital money,” adds John Shipman, PwC’s fintech Asia leader, in a statement. “We’re also working with governments to see how these services can enhance transparency around humanitarian aid programs through the use of smart [programmable] money.”