KPMG and Microsoft Open Blockchain Innovation Spaces in Frankfurt and Singapore

KPMG International and Microsoft Corp. have announced the launch of joint 'Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term Nodes', their new innovation workspaces. The first two are in Frankfurt and Singapore, with future plans for a location in New York.

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"The Blockchain Nodes will play a critical role in identifying new applications and use cases that blockchain can address," said Eamonn Maguire, Global and US Leader for KPMG's Digital Ledger Services. "They will enable us to work directly with clients to discover and test ideas based on market insights, creating and implementing prototype solutions that use this innovative technology."

"Together with KPMG's experience in successfully transforming business models, we are pursuing innovative applications of blockchain technology that will help our customers worldwide achieve their strategic goals," said Marley Gray, Principal Architect Program Manager, Azure Blockchain Engineering at Microsoft. "The global availability of our Microsoft Azure Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term platform, the hybrid cloud architecture, and multi-tiered security address the specific compliance requirements of clients and help accelerate the use case process."

Jens Rassloff, KPMG's Global Head of Alliances, added, "The Blockchain Nodes and the Microsoft alliance enable fresh approaches to solving clients' complex issues as well as opening the door to new opportunities. We are also inviting the start-up ecosystem to participate in use case development, which will help enable a greater range of solutions for the challenges blockchain implementation presents for financial institutions and other industry players."