Deloitte Opens Blockchain Lab In Silicon Docks

23 Jan 2017 | 02.37 pm

Deloitte Opens Blockchain Lab In Silicon Docks

Lab will hire 25 high-skilled employees this year

23 Jan 2017 | 02.37 pm

Deloitte has today opened its new EMEA blockchain lab in Dublin’s Silicon Docks district. Twenty-five extra high-skilled staff will be hired to boost the existing team of 25 for Deloitte’s lab during 2017.

This bespoke designed lab builds on Deloitte’s global fintech and innovation practice, which involves a network of labs around the world including a major lab on Wall Street.

Blockchain is the processing technology that underpins Bitcoin. It also has the potential to facilitate secure transactions globally without needing an intermediary, which is why it is attracting considerable interest beyond that crypto-currency.

Speaking about the opening, David Dalton, financial services partner with Deloitte, said: “We are still at the early stages of the adoption of blockchain technology. But it is becoming increasingly clear that this technology is transforming the infrastructure underpinning financial services and other industries. It is bringing dramatic improvements in efficiency and customer experience.”

Deloitte’s crack team of blockchain researchers will be tasked with developing concepts to prototypes, before being rolled out as finished solutions for Deloitte clients.

In addition to the official opening of the new lab, today also marks the launch of a number of products that have been built by the Dublin-based team.

Lory Kehoe, consulting director and EMEA blockchain lab lead with Deloitte, said: “Our Dublin blockchain lab is part of Deloitte’s global approach dubbed ‘The Grid’. Through this, our team here work alongside specialist teams from other countries and also with Deloitte’s network of more than a dozen preferred technology companies. We look forward to being a key element of the continued growth of blockchain.”

Deloitte’s global blockchain team comprises more than 800 professionals across 20 countries, working with international organisations looking to introduce blockchain-enabled solutions. To date, Deloitte has developed more than 30 blockchain-related prototypes, covering a 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.

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