Big Four accounting firm Deloitte has integrated blockchain technology to allow customers to store their verification credentials in a single digital wallet, in an effort to streamline the “typically inefficient” verification processes. In a May 4 statement, Deloitte announced it has integrated KILT blockchain technology – a Polkadot (DOT) parachain – to enable the issuance of reusable digital credentials to its customers. The integration aims to improve the efficiency of Deloitte’s Know Your Customer (KYC) and Know Your Business (KYB) verification processes. It was added that the standard and “typically inefficient”…
Read MoreDeloitte integrates blockchain for digital credentials
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