24 July 2017
download the report now

Deloitte to open Wall Street blockchain lab

12 January 2017  |  8849 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  |  9659 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  |  12614 views  |  2 comments | 27 tweets | 37 linkedin
Blockchain to reinvigorate loyalty programmes - Deloitte

Blockchain to reinvigorate loyalty programmes - Deloitte

12 October 2016  |  8355 views  |  0 comments | 21 tweets | 12 linkedin
Deloitte launches financial services blockchain lab

Deloitte launches financial services blockchain lab

25 May 2016  |  12409 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  |  11442 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  |  24978 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.worldpaymentsreport.comvisit vasco.com/news/PSD2-compliant-solutions

Top topics

Most viewed Most shared
Mastercard to buy AI outfit BrighterionMastercard to buy AI outfit Brighterion
11034 views comments | 14 tweets | 20 linkedin
Barclays rides payments-as-a-service wave with investment in Form3Barclays rides payments-as-a-service wave...
9875 views comments | 16 tweets | 12 linkedin
UK judge blocks £14bn class action suit against MastercardUK judge blocks £14bn class action su...
8876 views comments | 7 tweets | 6 linkedin
PayPal strikes deals with Chase and CitiPayPal strikes deals with Chase and Citi
8789 views comments | 10 tweets | 5 linkedin
Mastercard and Scotiabank join Enterprise Ethereum AllianceMastercard and Scotiabank join Enterprise...
8690 views comments | 25 tweets | 16 linkedin