Big four accounting firm Deloitte unveils its “blockchain in a box”

Multinational “professional services network” Deloitte today announced the release of its “Blockchain in a Box,” a mobile platform for hosting experiments and demos of business applications of distributed ledger technology.

- Advertisement -

Communicating the unique benefits of blockchain technologies to stakeholders remains a key challenge for both startups and established businesses. Deloitte, one of the “big four” accounting organizations in the world, aims for its Blockchain in a Box to make it easier for developers to quickly prototype, demonstrate, and share projects.

What’s in a blockchain in a box?

Demoed at Consensus 2019, the platform consists of four compute nodes, three video displays, and networking components for integration with external services like cloud communication and storage.

Secure Digital (SD) cards can be used with each of the compute nodes to allow companies to quickly demonstrate and share projects. The approach provides developers with a tool for creating and sharing dapps with a minimal amount of hardware.

Rapid iteration remains an obstacle to development

The company’s Global Blockchain Survey, conducted earlier this year, demonstrated that businesses still struggle with where to get started when it comes to developing proofs-of-concept that capitalize on the unique features of distributed ledger technology. 

- Advertisement -

According to the survey, only 23 percent of the firms polled deployed a blockchain component to their businesses in 2019, compared to 34 percent the previous year. Nevertheless, 53 percent of those polled agreed that blockchain will be critically important to their organizationa 10 percent rise over the previous year.

“We believe executives should no longer ask a single question about blockchain but, rather, a broad set of questions reflecting the role blockchain can play within their organizations,” Linda Pawczuk, Deloitte Consulting LLP principal, explained in a statement.

“What’s often misunderstood about blockchain is that it is an entirety of a technology solutionwhen in reality, it’s a technology component that enables larger business applications and approaches. Our mobile demonstration is practical, tactical and most importantly, tangible to clients.”

If all goes according to plan, developers using Deloitte’s Blockchain in a Box will now have an easier time thinking outside the box.

Source

Previous Articles:

- Advertisement -

Latest News

Silver Surges Amid Growing Retail Interest, Eyes $100 per Ounce Mark

Precious metals such as silver are experiencing notable price movement, drawing increased attention from...

BOS Unveils Grail Pro to Activate Dormant Institutional Bitcoin

BOS has launched Grail Pro, a protocol for turning unused institutional Bitcoin into working...

Goldman Sachs Slashes Copper Supply Forecasts After Grasberg Halt

Goldman Sachs lowered its global copper supply forecast after an accident at Indonesia’s Grasberg...

Justin Sun Clashes With World Liberty Over WLFI Token Blacklisting

Justin Sun, advisor and major investor in World Liberty Financial, had a significant number...

Sophisticated Phishing Scam Bypasses 2FA on Crypto X Accounts

New phishing campaign targets X accounts of crypto figures using advanced methods. Attack bypasses two-factor...
- Advertisement -

Must Read

TOP 12 Day Trading Crypto Books For Beginners

Day trading cryptocurrencies has become an increasingly popular financial activity, offering the potential for huge returns to those who understand the market's complexities and...