KPMG India has entered into a strategic collaboration with The Hashgraph Group AG (THG), a Swiss venture capital and technology firm dedicated to the Hedera ecosystem, to accelerate the adoption of enterprise blockchain solutions utilizing Hedera’s platform Distributed Ledger Technology (DLT).
The evolution of blockchain/DLT as a technology to a complete digital infrastructure showcases its unique abilities to boost security, reduce costs, and enable everyday transactions to be more efficient, affordable, and convenient while saving energy and meeting environmental, social, and governance (ESG) criteria and reporting requirements.
KPMG India and THG will work jointly to develop and deliver joint go-to-market solutions, utilizing THG’s Hashgraph for Enterprise (H4E) product suite. This initiative is designed to provide enterprises with secure, (Service level agreements) SLA-backed solutions built on Hedera’s architecture.
Speaking on the alliance, Chaitanya Gogineni, Partner, Digital Lighthouse, KPMG in India, said: “We are excited to join forces with The Hashgraph Group to build innovative Digital Ledger Technology (DLT) led tools and enable digital transformation for our clients. This alliance is built on a shared vision of empowering businesses to harness the power of DLT, unlocking new opportunities and creating lasting value.”
The alliance could also address critical challenges and enterprise needs in areas such as digital identity (DID), digital product passport (DPP), sustainability, supply chain management, asset tokenization, and more.
Stefan Deiss, Co-Founder & CEO of The Hashgraph Group, stated: “This strategic alliance with KPMG in India represents a pivotal moment in combining the strengths of a leading professional services firm with the technological power of Hedera as the world’s leading layer-1 protocol to enable organizations with Hedera-powered post-quantum enterprise solutions. We are excited to embark on this joint go-to-market journey with KPMG in India and look forward to empowering businesses to compete in the Web3 economy.”
Also Read: Capgemini collaborates with Euroclear for the successful launch of D-FMIKrishna Tyagi, Head of Web3 at KPMG in India, said: “Today blockchain technology has the potential to revolutionize various sectors by providing secure, transparent, and efficient solutions. Our alliance with The Hashgraph Group is expected to enable us to offer our clients immense value and drive innovation in the digital economy enabled by blockchain technology.”
Anindya Roychowdhury, Head of Global Partnerships at The Hashgraph Group, said: “Having spent a large part of my professional career with KPMG in India, I am delighted to have facilitated this important collaboration. India is emerging as the world’s #1 destination for Web3, and this strategic alliance will establish Hedera as the preferred DLT protocol for governments and enterprises; we have already made significant inroads through our local presence in India and expect to scale massively over the coming years.”
