U.S.-based crypto exchange and custodian Gemini has finished a SOC 2 Type 2 evaluation, proving the operation’s security. “The Type 2 is the highest level of security compliance that any organization can demonstrate,” Gemini’s head of risk, Gemini Yusuf Hussain, told Cointelegraph in an interview about the Jan. 23 announcement. Compliance focus In preparation for its SOC 2 Type 2 evaluation, Gemini achieved its SOC 2 Type 1 inspection in 2019, completed by auditing giant Deloitte. The accounting behemoth also completed Gemini’s SOC 2 Type 2 inspection, Hussain mentioned. A regulatory-focused company, Gemini places a high level of importance on …

When Indian Defense Minister Rajnath Singh said that blockchain and artificial intelligence would “revolutionize war,” as Cointelegraph reported on Nov. 4, did he take things a bit too far? Jet engines have revolutionized warfare, and so have missiles and nuclear weapons — but shared digital ledgers? Former NATO Secretary General Anders Fogh Rasmussen, for one, told Cointelegraph that he agrees with India’s minister when he was asked about blockchain’s possible military uses: “Yes, potentially. Digital technologies have been transforming warfare since the 1990’s so emerging technologies such as blockchain have the potential to define the war industry over the coming …

Big four auditing firm Deloitte integrated the privacy developed by cryptography startup QEDIT into its qualification information blockchain platform Eduscrypt, a press release shared with Cointelegraph on Oct. 29 reveals. Per the release, the announcement was made at the ZKProof Community Event in Amsterdam today. Another application of ZK-Proofs The event was dedicated to Zero Knowledge Proofs (ZK-Proofs), an advanced kind of cryptography — which QEDIT’s solution uses — that allows to verify data without actually revealing it. The platform that has been updated to enhance its privacy is Deloitte’s Eduscrypt, and its purpose is to enable organizations to track, …

"Big Four" auditing firm Deloitte is now allowing its staff to pay for food in the canteen using a mobile Bitcoin (BTC) wallet. The English-language Luxembourg Times reported on Sept. 17 that Deloitte is testing Bitcoin among its employees to “see how the audit giant could use the cryptocurrency.” Laurent Collet, a partner at Deloitte's advisory arm, said: “We think it's good to have our employees assess this new technology.” Only an internal test Collet stressed there are no plans to allow clients to pay in Bitcoin in the near future. PwC Luxembourg, another Big Four firm, will start accepting …

Blockchain tracking startup TruTrace Technologies Inc. has partnered with "Big Four" auditing firm Deloitte to track cannabis using blockchain technology. Investing news outlet ProactiveInvestors reported on Sept. 4 that TruTrace is launching its StrainSecure product in partnership with Deloitte. The system employs blockchain technology to track cannabis from seed to sale, in order to guarantee that customers and retailers know the history of the product. TruTrace CEO Robert Galarza said that the new system will bring more transparency to the cannabis industry. The partnership with Deloitte will purportedly help the product reach a wider base of stakeholders since the firm …

Last week, Big Four firm Deloitte unveiled a mobile platform designed to host blockchain networks on a small scale for demonstration purposes. The product is “based on client interest in understanding blockchain capabilities in live interactions," as per the press release. With this move, the Big Four companies — comprised of Deloitte, PwC, Ernst & Young (EY) and KPMG — continue their expansion into the field of blockchain. Combined, the firms brought in over $148 billion in revenue last year, as they handle over 50% of audits for both public and private companies. Consequently, their presence in the crypto space …

Big Four audit and consulting firm Deloitte has rolled out a blockchain-based platform designed to provide users with blockchain demonstrations and experimentations. In a press release published on Aug. 19, Deloitte revealed the launch of the Blockchain in a Box platform, which the company built based on customer interest in understanding blockchain capabilities in real world use cases. Demonstrational platform for prototypes Deloitte described the new platform as: “a mobile, self-contained technology platform capable of hosting blockchain-based solutions across four small-form-factor compute nodes and three video displays, as well as networking components that enable integration with external services, such as …

Major global firms Fidelity, Deloitte and Amazon have begun supporting a new blockchain accelerator program called Startup Studio, according to a press release on July 11. The companies are backing the program along with 20 other firms, including Ethereum Foundation and ETH Global, Stellar Foundation, crypto analytics firm Messari, and Coinbase-backed NEAR Protocol, among the others. The new blockchain accelerator is an initiative of IDEO CoLab Ventures, the venture capital division of global design consultancy firm IDEO. Supported by Fidelity, Deloitte and Amazon, as well as major crypto industry players, Startup Studio is set up to provide workshops to blockchain …

As much as 73% of Chinese enterprises believe that blockchain is a top-five strategic priority, according to a report by Big Four audit and consulting firm Deloitte released on June 27. In the report, titled “Deloitte’s 2019 Global Blockchain Survey,” the company surveyed 1,386 enterprise representatives in 11 countries, including 200 respondents in China to provide a greater knowledge about major attitudes and investments in blockchain as a technology. The research was conducted between Feb. 8, 2019, and March 4, Deloitte noted in the report. Coverage of Deloitte’s 2019 Global Blockchain Survey. Source: Deloitte According to the survey results, Chinese …

Three Irish banks have begun using a staff data solution running on blockchain technology, a joint press release confirmed on May 30. Together with the Institute of Banking (IoB), Bank of Ireland, AIB and Ulster Bank partnered with Big Four accounting giant Deloitte on the project, which verifies staff credentials. Deloitte developed the Ethereum-based tool using its dedicated EMEA Blockchain Lab. “This is a great application of blockchain technology to a vital area of banking. We are delighted to support The Institute of Banking and the banks involved in this project and look forward to the results that this initiative …

Big four auditing firm PricewaterhouseCoopers (PwC) is the top recruiter for blockchain-related jobs on recruitment platform Indeed, search results showed at press time on March 30. At press time, PwC is responsible for 40 blockchain-related job offers on the platform. Other big four auditing firms are apparently recruiting professionals in this niche on the platform: more precisely, Ernst & Young posted 17 such announcements, while Deloitte posted 10. This leaves KPMG as the only big four auditing firm not recruiting blockchain professionals on the platform. Tech giants IBM and Oracle posted ten job offers related to blockchain as well, while …

Big Four audit and consulting firm Deloitte has successfully completed a joint pilot for digitizing the supply chain on multiple blockchain networks, according to an official press release published on Feb. 1. Within the new project, Deloitte has collaborated with the Hong Kong Stock Exchange-listed blockchain firm Kerry Logistics and CargoSmart, a Hong Kong-based company specializing in supply chain management. Completed in late 2018, the platform’s Proof-of-Concept (PoC) is reportedly interoperable across different blockchains and cloud networks commonly used in global trading and finance, the press release says. By joining data on multiple distributed ledger technology (DLT) chains, the platform …