KPMG
implementation of a data chain creates neither cost nor time savings .
So as a first step , before letting them wade into DLT , he will always sit down with clients . “ I think it makes sense to first test the blockchain on simple processes in order to break down existing barriers and to become familiar with the technology . After this , it can be used for more extensive processes . Despite the disruptive nature of blockchain technology , the selection
“ Despite the disruptive nature of blockchain technology , the selection process should be based on the proven calculation of a business case ”
DIRK DISTELRATH DIRECTOR , CONSULTING DIGITAL COMPLIANCE SERVICES , KPMG
process should be based on the proven calculation of a business case ”. To potential clients , KPMG offers a free assessment on KPMG ' s ATLAS platform , with which they can assess their level of maturity with regard to blockchain . This may be of particular value to the many family-owned and led businesses that operate in Europe , for example , and who find the necessary rethinking of their organisational mindset challenging . KPMG consultants are sensitive to the difficulties faced by “ old school ” companies and will take them by the hand through the process once they have agreed on a business case . For the more tech-savvy companies that already have blockchain implemented , Digital Compliance of KPMG developed a sophisticated blockchain compliance approach , including a ready-to-use risk assessment a suitable framework of internal controls to address the risks associated with this novel technology .
Covid 19 has been an unlikely ally in accelerating digital change , as we have found with many businesses . It has also helped KPMG ' s sustainability agenda , changing the way in which KPMG project teams engage with all stakeholders . “ We can ' t just fly from Cologne to Munich anymore . In the last year our clients have
232 August 2021