Share this article

Microsoft Teams With KPMG to Launch Blockchain Workspace Network

Microsoft and professional services firm KPMG have announced the opening of new innovation workshops focused on blockchain development.

Updated Sep 11, 2021, 1:05 p.m. Published Feb 15, 2017, 1:50 p.m.
colored, pencils

Tech giant Microsoft and professional services firm KPMG have announced the opening of new innovation workshops focused on blockchain development.

Dubbed "Blockchain Nodes", the workspaces are intended to serve as hubs for collaborative work on use cases, particularly those focused on finance applications. Of note is that the news expands an existing partnership, one that expanded last year that cover joint work on blockchain.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

The latest announcement deepens that relationship, as the two firms are opening offices in Singapore and Frankfurt, with the intention to open a third location in New York at a later date.

Eamonn Maguire, KPMG chief for Digital Ledger Services, said in a statement:

"The Blockchain Nodes will play a critical role in identifying new applications and use cases that blockchain can address. They will enable us to work directly with clients to discover and test ideas based on market insights, creating and implementing prototype solutions that use this innovative technology."

The announcement also points to the growing trend of enterprise-focused firms establishing blockchain workspaces around the world.

Professional services firm Deloitte, for example, has opened labs in Dublin and New York in the past year, while IBM has launched a network of "garages", in part to develop applications of the technology.

Image via Shutterstock

More For You

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Title Image

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

More For You

Gold in 'extreme greed' sentiment as it adds entire bitcoin market cap in one day

Gold (Unsplash/Zlataky/Modified by CoinDesk)

Bullion ripped past $5,500 and sentiment gauges hit “extreme greed,” while bitcoin stayed pinned below $90K — a split that’s getting harder to ignore.

What to know:

  • Gold’s surge above $5,500 an ounce has taken on the feel of a crowded trade, with its notional value jumping about $1.6 trillion in a single day.
  • Sentiment gauges such as JM Bullion’s Gold Fear & Greed Index are signaling extreme bullishness in precious metals, even as similar crypto indicators remain stuck in fear.
  • Bitcoin is lagging despite the “hard assets” narrative, trading like a high-beta risk asset while investors seeking a store of value are favoring physical gold and silver over digital tokens.