Deloitte Joins Blockchain Consortiums Ethereum Alliance and Hyperledger

Professional services giant Deloitte has announced it is joining two of the world's largest blockchain consortiums.

Revealed today at CoinDesk's Consensus 2017 conference, Deloitte has officially joined the Enterprise Ethereum Alliance, launched in February to promote corporate use of the ethereum blockchain, and the Hyperledger project, the Linux-led umbrella effort that houses various open-source enterprise distributed ledger technologies contributed by members.

Still, in interview, Deloitte principal Eric Piscini framed the news as more of a formalization of existing relationships with both groups.

He told CoinDesk:

"We've done projects on Hyperledger and ethereum for a long time. What's new to us is we want to be part of those organizations and structure. We want to drive some of the activities in the consortium."

Although the firm works on proofs-of-concept with corporates around the globe, Piscini remarked that the move wasn't driven by client demand, but rather by a desire for the firm to play a role in shaping how these technologies might be used by businesses.

Further, he stressed the general sentiment prevailing currently in the blockchain community that the entire industry needs to move toward launching projects that demonstrate the real-world utility of the projects.

He said:

"Our client is not looking for Hyperledger or ethereum. They're looking for something that's working."

Deloitte building image via Wikipedia