News : Accenture Enters Alliance with Digital Asset Holdings
New York and London; February, 2016 -- Accenture (NYSE: ACN) has launched a specialized practice within its financial services group to help institutions implement blockchain technology in order to improve operational efficiency, security, and client service, as well as to capture new revenue opportunities.
The company has also formed an alliance with Digital Asset Holdings, LLC, a developer of blockchain technology, to help institutions assess and implement block chain related solutions. Through the alliance, Accenture and Digital Asset Holdings will collaborate on solutions for banks, brokerages and infrastructure providers that Accenture will implement as a preferred systems integrator.
Accenture will provide a range of consulting and technology services under the agreement – from 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.
"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 industrywide," said Owen Jelf, managing director of Accenture’s global capital markets practice.
"Working together, we can dramatically accelerate the adoption of blockchain technology globally. Our products and software combined with Accenture’s expertise at integrating new technologies with existing systems will help institutions reduce settlement latency, risk, operating costs and capital requirements," said Blythe Masters, CEO of Digital Asset.
Posted by: Laura Collins, Editorial Management
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Published: Wednesday, February 24, 2016