Accenture and EY Making Moves to Grow Blockchain Technology

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Two of the largest multinational professional consultancy firms, Ernst Young (EY) and Accenture, believe blockchain technology is at the forefront of innovation and mass adoption. Both EY and Accenture are hosting two separate accelerator-focused events on bolstering fintech and distributed ledger protocols.  

Also read: Accenture Digital Asset Holdings Launch New Blockchain Consulting Firm

Accenture Hosts 5th Annual London FinTech Innovation Lab

accentureApplications are now being accepted for Accenture’s 12-week FinTech Innovation Lab in London. The event will be the company’s 5th annual financial tech accelerator, intended to help early stage startups with product and business development. Budding entrepreneurs and companies will receive mentorship and exposure from innovators and executives from well-known financial institutions.

Startups attending the lab will be focused on fintech applications such as blockchain technology, Internet of Things devices, security and risk management, and digital media. In regards to distributed ledgers, the multinational firm predicted the technology would have a significant impact on business. In a recent report, Accenture identified blockchains as “possibly the biggest opportunity from taking an open approach to innovation.”

This year’s event will also be expanded to also tackle Insurtech concepts as the firm believes insurance technology-based markets will continue to rise. Accenture said insurance technology

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