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Bitcoin Global News (BGN)

November 08, 2018 -- ADVFN Crypto NewsWire -- Deloitte continues to prove themselves as one of the most influential professional services companies. They have released three in-depth research studies on various areas within the blockchain and cryptocurrency space this year. Because of their commitment to this emerging technology, Deloitte hopes to be at the forefront of service providers and experts on the industry.

One recent report, “Blockchain and the five vectors of progress” transitioned from assessing the technology and public awareness to developing the critical directions the technology must take in order to bring all the potential benefits to light efficiently. Three vectors enhance technical feasibility, and the final two help broaden the technology’s applicability to a greater number of use cases and industries.

• Increasing throughput and performance

• Enhancing standards and interoperability

• Reducing complexity and cost

• Multiplying consortia

• Regulatory support

This last subject was then taken more in depth by Deloitte's Center for Government Insights. They published a detailed look at blockchain uses in government called "Assessing Blockchain Applications for the Public Sector."

Regulatory Support Through Identity Solutions

The most recent development from Deloitte is made in partnership with Attest to bring blockchain based identity solutions to government bodies. Regulatory support is one of the biggest factors holding wider adoption back. However, by choosing identity solutions, Deloitte may have found the perfect avenue to introduce otherwise weary public officials to the benefits of the technology. Identity is pillar of government as the basis for trust and legitimacy in the public sector.

"While many companies are looking at using a personal wallet in which the individual has control of their digital identity credential, government must serve the whole of citizens, including those who may not be able to accept the control of their identity credential in a digital form." - Wendy Henry, managing director, Deloitte Consulting LLP, and Deloitte's government and public services blockchain leader.

Attest Wallet and Attest Enterprise

The Wallet is a consumer application that provides users a method for sharing verified personal data with governments and businesses. Attest Enterprise is the platform forl authentication, authorization and consent management. These are both built with simple APIs that can be integrated into almost any existing system.

By: BGN Editorial Staff