Deloitte blockchain assessment project explores protocols for providing assurance on blockchain transaction data and infrastructure
Toronto and New York, February 13, 2017 – Deloitte today announced the completion of a blockchain project which was designed to demonstrate tangible and actionable options for assurance related to blockchain transaction data and infrastructure. The goal of the project was to enhance the utility and trust of a
Deloitte has broad blockchain technology offerings worldwide, including providing advisory services to building decentralized applications (
“As this technology evolves, it’s only a matter of time until our clients tell us they are moving portions of their business onto blockchain infrastructure, said Will Bible, partner, Deloitte & Touche LLP. “Moreover, as a leader in delivering audits of the highest quality, we need to get ahead of the curve on quantifying and defining how an auditor could provide a level of assurance on a
“For the purposes of this project, we selected an internally-developed loyalty points blockchain application built by our Rubix by Deloitte team on a
The Deloitte team applied existing guidance from attestation standards to the
Tim Davis, principal, Deloitte & Touche LLP, noted, “Given the early stages of blockchain maturity, we recognize that many clients are in the development phases rather than in production. As this technology matures, participants of these blockchain solutions are going to need to understand the potential risks and be able to provide the proper assurance that the processing environment and data is managed in a well-controlled manner.
Deloitte is well-prepared to provide advisory and assurance services for organizations that are looking to build trust and confidence in their blockchain service delivery processes and controls,” Davis added.