The KPMG 2019 Tech Innovation Survey found that 23 percent of tech executives expect Internet of Things (IoT) processes to be one of the greatest blockchain disruptors in the upcoming years. In an effort to utilize the available data, KPMG is joining the Trusted IoT organization to quicken the expansion of blockchain enabled and trusted IoT.
Using IoT technology has proven to be challenging due to limitations in device security and data assurance, which bars more industries from adopting its usage. The Alliance organization works to develop and set a strong standard for an open source blockchain protocol while supporting IoT technology in major industries around the world including blockchain developers and technology companies.
By joining the Alliance, KPMG can secure its platforms and use security technologies, such as sensor data and smart contracts, to build trust into IoT. Combined with blockchain’s decentralized systems, KPMG can simplify business processes, improve customer experience, and save costs by becoming more efficient.
"Our membership with the Trusted IoT organization brings together the key players in business transformation and technology to drive a secure and standardized IoT framework backed by blockchain. This will enhance the value of these emerging technologies for both KPMG and our clients, while enabling us to help improve data security among IoT devices and networks," stated KPMG's U.S. Blockchain Leader Arun Ghosh in a press release.