Insight

Blockchain: The operational cornerstone of digital trust

Productivity, efficiency, and security require three-dimensional trust. Blockchain can provide much needed transparency.

Arun Ghosh

Arun Ghosh

One Americas Blockchain & Cryptoassets Leader, KPMG US

Tegan Keele

Tegan Keele

Managing Director, Enterprise Innovation and US Blockchain Practice, KPMG US

According to research from KPMG International and HFS Research, more than half of business and technology executives are investing in blockchain because of its ability to facilitate trust through transparency and traceability.

Blockchain was introduced a little more than a decade ago as a decentralized database that informed decision-making with autonomy and consensus. But from a practical perspective, it remains a challenge to understand and determine where within the organization blockchain can be most effectively deployed. To really get inside the value of this enigmatic technology, think of it as the support structure of digital trust within an organization.

Many blockchain projects fail at the proof of concept or pilot stage because not enough emphasis is put on strategy. Our approach centers on the idea of building digital trust within the ecosystem, creating a highly transparent and auditable virtual paper trail.

Read our report to understand the three key dimensions that enable digital trust in an organization and why blockchain is considered a “trust enabler.”

Blockchain as the support structure of digital trust
Learn why blockchain can serve an essential role in an organization’s digital trust framework.

 

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