Consulting giant Deloitte has announced that it has officially joined two leading blockchain consortiums at the ongoing Consensus 2017 hosted by CoinDesk.

The “Big Four” firm has revealed that it has joined the recently formed Enterprise Ethereum Alliance (EEA) and the Linux Foundation’s Hyperledger Project, CoinDesk reported.

Formed earlier this year, the EEA seeks to evolve Ethereum so that is can serve as an enterprise-grade technology. Its research and development centers around privacy, confidentiality, scalability, and security.

“We have been investing on the Ethereum platform for a while. We are excited to actively contribute to the Enterprise Ethereum Alliance and drive blockchain adoption globally”, Eric Piscini, Global Blockchaiin Financial Services Leader, Deloitte, said in a statement.

Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It has over 140 members currently, which includes the likes of IBM, ANZ, Accenture, Intel, JPMorgan, Intel and Thomson Reuters. It also counts the Bank of England and the Federal Reserve Bank of Boston among its associate members.

"We've done projects on Hyperledger and ethereum for a long time. What's new to us is we want to be part of those organizations and structure. We want to drive some of the activities in the consortium”, Piscini told CoinDesk.

He further explained that the decision to join the two consortiums was driven by a desire for the company to be a factor in shaping how these technologies might be used by businesses. Piscini further pointed out that the general sentiment prevailing currently in the blockchain space is that the industry as a whole should move towards launching projects with real-world utility of the technology:

"Our client is not looking for Hyperledger or ethereum. They're looking for something that's working."