Cegeka, KPMG and Microsoft are collaborating in the Netherlands to optimize their service provision based on blockchain technology. Blockchain makes it possible to gather information from various sectors and perform transactions securely without involving a ‘trusted third party’, such as a bank or notary. The three partners each specialise in different blockchain technology fields: Cegeka is a specialist in the various blockchain technologies – such as Corda, Ethereum, Hyperledger, multichain and Ripple – and brings the required technical experience to the group, also using its expertise to determine which technologies are most suitable for which services. Microsoft is providing the IT infrastructure and has fully prepped its public cloud platform, Azure, for the new blockchain applications, including features for compliance and automatic encryption. Finally, KPMG is providing knowledge and expertise in the sectors where blockchain technology can play a significant role.
Building more strength
The collaboration between Cegeka, KPMG and Microsoft strengthens their ability to develop new applications and automate existing processes more efficiently using blockchain technology as the basis. Cegeka is currently testing a concept for transferring ownership in the financial sector, and KPMG is already working with insurers to deploy blockchain technology in modernising business operations. The three partners are also targeting projects in the energy, healthcare, transport and logistics sector, as well as within government.
Blockchain outgrows proof-of-concept
‘Blockchain technology has many applications,’ says Sander van Loosbroek, Director of Distributed Ledger Technology for Cegeka. Van Loosbroek: ‘Mortgage lending is a good example; if you can provide digital surety for mortgage lending, you can also offer your mortgages in an online financial marketplace using blockchain technology. And a marketplace like this can also allow you to sell your own energy from solar panels in the energy sector, for example. There is increasing demand and we are now ready to move blockchain projects on from a cautious proof-of-concept level to production standards.’
Accelerating maturity of blockchain
‘Microsoft is happy to work with partners to make the most of technology available today, and tomorrow. In this collaboration, we are combining KPMG’s experience of successfully transforming business models with Cegeka’s expertise in bringing blockchain technology from the testing to the implementation phase. This is done in combination with our Microsoft Azure cloud platform; the hybrid cloud architecture and security solutions help customers satisfy specific compliance requirements. Together, we are contributing to the accelerated and reliable development and implementation of blockchain applications,’ says Hans Bos, National Technology Officer for Microsoft Netherlands.
Strategically achievable applications
KPMG has made significant investments in the practical application of blockchain technology over recent years. ‘KPMG’s Digital Ledger Services also help customers determine strategically achievable applications and operational management with help from Microsoft’s Blockchain-as-a-Service,’ says Dennis de Vries. De Vries: ‘Not just in the field of financial service provision, but also for example in the public, healthcare and insurance sectors. The reason for this is that it gives users the possibility to offer faster, more secure transactions without any third-party intervention. The same applies for the automation and streamlining of back offices, agreeing mortgages and insurance policies, and writing wills. Blockchain technology also makes it possible to substantially reduce costs and limit the number of operations required in a wide range of sectors.’