19 September 2017
Find out more

Deloitte to open Wall Street blockchain lab

12 January 2017  |  9062 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  |  9987 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  |  12999 views  |  2 comments | 27 tweets | 37 linkedin
Blockchain to reinvigorate loyalty programmes - Deloitte

Blockchain to reinvigorate loyalty programmes - Deloitte

12 October 2016  |  8475 views  |  0 comments | 21 tweets | 12 linkedin
Deloitte launches financial services blockchain lab

Deloitte launches financial services blockchain lab

25 May 2016  |  12732 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  |  11728 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  |  25250 views  |  1 comments | 50 tweets | 54 linkedin

Related company news

 

Related blogs

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

Top topics

Most viewed Most shared
IBM and UBS team on blockchain payments for carsIBM and UBS team on blockchain payments fo...
10532 views comments | 18 tweets | 36 linkedin
JPMorgan Chase chief says he would fire traders dealing in bitcoin for stupidityJPMorgan Chase chief says he would fire tr...
10421 views comments | 16 tweets | 29 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
9669 views comments | 6 tweets | 17 linkedin
iPhone X gets Face ID for Apple PayiPhone X gets Face ID for Apple Pay
8852 views comments | 11 tweets | 22 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
8740 views comments | 6 tweets | 3 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job