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Wall Street Blockchain Alliance adds KPMG as corporate member

Consulting firm KPMG has joined the Wall Street Blockchain Alliance (WSBA) as a corporate member.

Founded in 2015, WSBA is a non-profit trade association that aims to promote comprehensive adoption of distributed ledger technology across financial markets. It engages with market participants, regulators, policymakers, and technology innovators through direct communication, comment letters, studies and more to guide the public dialogue about blockchain, distributed ledger and smart contract technology.

“Blockchain is maturing toward the production phase and it is clear that it has the potential to dramatically impact financial services by improving outcomes critical to the industry such as cost of operations, capital consumption, customer experience and in some cases new business models and revenues,” said Eamonn Maguire, global leader for KPMG’s Digital Ledger Services. “We are thrilled to be joining the WSBA and to have the opportunity to collaborate with some of the leading blockchain experts in the industry.”

Along with this membership, KPMG will also assume a seat on the board of directors.

“We are truly grateful to have KPMG join the WSBA family as a corporate member. As one of the world’s leading professional services companies, KPMG sits at the cutting edge of blockchain innovation across multiple segments of the global economy. We look forward to collaborating with them, as our global members and indeed the world, begin to implement blockchain innovations across financial markets and beyond,” Ron Quaranta, Chairman of the WSBA said.

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