19 October 2017

Deloitte to open Wall Street blockchain lab

12 January 2017  |  9130 views  |  0 Wall street sign

Deloitte is opening a blockchain lab on New York's financial district, in what it bills a 'make or break' year for the nascent technology.

Deloitte Ireland opened the first blockchain lab in May, making the New York lab at 140 Broadway the second hub in the firm's global network.

The Americas blockchain lab will be staffed by a dedicated team of more than 20 blockchain developers and designers, working with technology partners and banking clients to run concept tests, build prototypes and develop 'ready-to-integrate' applications.

“With the technology not yet having reached widespread adoption, 2017 could be the make-or-break year for blockchain technology,” says Eric Piscini, a principal with Deloitte Consulting LLP. “Financial institutions have the power and ability to move blockchain to the next level. To get there, companies will need to move away from churning out proofs of concept and begin producing and implementing solutions. That’s a big part of the goal with Deloitte’s blockchain lab.”

He says the company has already developed more than 30 blockchain-related prototypes, covering a multitude of uses such as digital identity, digital banking, cross-border payments, trade finance, and loyalty and rewards solutions, as well as distinct efforts for the investment management and insurance sectors.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Deloitte invests in SETL

Deloitte invests in SETL

07 December 2016  |  10129 views  |  0 comments | 7 tweets | 5 linkedin
Metro Bank tests smartcard payments on the blockchain

Metro Bank tests smartcard payments on the blockchain

15 November 2016  |  13241 views  |  2 comments | 27 tweets | 37 linkedin
Blockchain to reinvigorate loyalty programmes - Deloitte

Blockchain to reinvigorate loyalty programmes - Deloitte

12 October 2016  |  8523 views  |  0 comments | 21 tweets | 12 linkedin
Deloitte launches financial services blockchain lab

Deloitte launches financial services blockchain lab

25 May 2016  |  12795 views  |  0 comments | 25 tweets | 13 linkedin
Deloitte UK calls for blockchain identity standards; Post-Trade group swells membership

Deloitte UK calls for blockchain identity standards; Post-Trade group swells membership

04 May 2016  |  11777 views  |  0 comments | 17 tweets | 16 linkedin
Financial services set for a fundamental shake-up - Deloitte

Financial services set for a fundamental shake-up - Deloitte

04 March 2016  |  25335 views  |  1 comments | 50 tweets | 54 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15686 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8857 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7960 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7079 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6210 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job