Blockchain technology consortium Accenture
is leveraging all forms of innovations in Blockchain or distributed
ledger technology (DLT) in its bid to make the technology feasible for
enterprise information technology (IT) application. The company is
specifically focusing on security issues to prepare for the widespread adoption of Blockchain technology.
According to Accenture’s Financial Services Industry
Blockchain managing director David Treat, the company is committed to
making Blockchain a reality for their clients.
“Accenture is committed to supporting these efforts by leveraging our expertise across the company – from regulation to innovation – to make Blockchain a reality for our clients.”
Previous Accenture Blockchain initiatives
Accenture has launched several Blockchain-based projects
in the past. In early 2017, the company has joined the leading global
Blockchain trade association called Chamber of Digital Commerce (CDC).
The association aims to help raise awareness, promote, and facilitate
the adoption of Blockchain-powered technologies worldwide.
In February 2017, Accenture has introduced its new
Blockchain security hardware solution. The company also partnered with
Thales e-Security and its hardware security modules (HSM) to develop a
Hyperledger Fabric-based patent-pending solution for the seamless
integration of Blockchain technology with industrial-grade security
systems.
In late September 2017, Accenture has obtained a patent in relation to its work on Editable Blockchain technology.
According to Treat, their security solution offers a
simpler and more flexible standard to link Blockchain platforms with the
leading HSMs.
Accenture is not the only corporation looking into securing their lead in rolling out the commercial applications of Blockchain. In fact, Oracle has also bid its race towards the forefront of Blockchain by releasing its Blockchain-based cloud technology.“The opportunity to benefit from Blockchain technology within sectors like financial services and health care depends on an ability to protect digital keys using conventional standards of security.While there have been bespoke Blockchain integrations with HSMs before, this solution offers a simpler and more flexible standard to connect Blockchain platforms with the leading HSMs. We are committed to delivering these types of real-world innovations that will serve as the stepping stones to make Blockchain technology a reality for large-scale enterprises.”
