Deloitte is to create 50 jobs at its new EMEA Financial Services Blockchain Lab in Dublin. Hiring of blockchain developers and designers will take over 18 months.
The team – a part of Deloitte’s Fintech initiative, The Grid – will focus on developing strategic blockchain capabilities and proof-of-concepts into functioning prototypes for financial services clients.
The blockchain team will work with international organisations looking to roll out blockchain-enabled solutions internationally. The Lab will serve as the Deloitte EMEA centre of excellence in blockchain and will work alongside specialist teams in other member firms. Deloitte recently announced partnerships with five leading blockchain technology companies as part of its global blockchain delivery initiative. It will also work closely with the firm’s wider global initiatives and centres of excellence in digital, analytics, and information management.
David Dalton, head of financial services at Deloitte Ireland and co-lead partner of the lab said: “Blockchain technology is disrupting the financial services industry for the better when it comes to transparency, efficiency, and improving trust. There is significant demand from clients who are looking to use blockchain to speed up payments and transfer clearances, settlements, reconciliations, digital identities, and many other use cases. By bringing together the best of Deloitte experts and building upon our capabilities, we believe our lab will play a significant role in lifting blockchain use to a new level.”
Paolo Gianturco, partner in Milan and co-lead of the Lab, added: “Our investment shows our confidence in blockchain to transform the financial services industry. Blockchain’s scope is huge and requires dedicated focus and time to research how best it can be used to build practical applications. This blockchain lab, we believe, will be an integral part in driving Deloitte’s offering in this area.”
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