Accounting Giant Deloitte Partners with Five Blockchain Startups

BlockCypher, Bloq, ConsenSys, Loyyal and Stellar are now working on blockchain for Deloitte's institutional clients.

Deloitte has announced that it is working with BlockCypher, Bloq, ConsenSys, Loyyal (formerly Ribbit.me) and Stellar to provide new blockchain solutions to its clients. The giant accounting firm is in the process of creating twenty prototype technologies based on blockchain in varied fields including digital identity, digital banking, cross-border payments, loyalty and rewards, investment management and insurance.

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“Deloitte’s market leadership in financial services coupled with Bloq’s expertise in blockchain technology, creates a very powerful combination in the industry,” said Matthew Roszak, co-founder and chairman of Bloq. “Every CTO on the planet is in the process of developing their blockchain strategy, and this partnership will help further enable these discussions with the guidance and expertise they need.”

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Deloitte is one of the ‘Big Four’ accounting firms and the second largest professional services network in the world by revenue.

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Joe Guastella, a principal with Deloitte Consulting LLP, and U.S. and global leader of the financial services practice, said: “Blockchain is proving to be a major disruptive force in financial services.  The industry prototypes and pilots have shown this, and we continue to focus on helping our clients to make blockchain a reality for their businesses.

These five blockchain companies are collaborating with Deloitte’s teams not just in the U.S., but across key geographies as well. Each complements our deep industry experience and, together, we are harvesting the benefits of blockchain technologies — developing new revenue models, improving cost efficiencies and creating innovative solutions across the globe.”

Bloq expands

Unrelated to the Deloitte deal, Bloq has also announced that it is expanding its team, revealing its Board of Advisors and launching a “Blockchain Operating System,” which the firm’s co-founder Jeff Garzik calls “the most hardened build infrastructure in fintech.”

The new BloqEnterprise is a blockchain software solution designed to allow enterprise users the ability to create, update, customize and analyze their own public, private, and permissioned blockchains, according to Bloq. Its components include: BloqRouter, BloqDev, BloqView, BloqSLA and BloqThink.

The new additions to the Bloq team includes Andreas Schildbach as a developer, bitcoin core developer and chief scientist Gavin Andresen, and the ‘father of the smart contract’ Nick Szabo as advisors. Also joining the team are enterprise software entrepreneur Andrew Filipowski, former CFTC chairman James Newsome, and investor William Mougayar.

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