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Accenture In Blockchain

Accenture's Shipping-based Blockchain Project Gets Approval

Accenture's Shipping-based Blockchain Project Gets Approval

Accenture's Shipping-Based Blockchain Project Gets Approval Utility and construction businesses drive MDU Resources' (MDU) earnings in Q1. Accenture PLC ACN recently announced that a consortium consisting of AB InBev, APL, Kuehne + Nagel and an anonymous European customs organization examined and approved its blockchain technology aimed at addressing global shipping issues. The pilot project marked an effort to transition to a process where data could be shared securely through blockchain instead of physical documents, thus leading to cost savings for the industry. Per the press release, The solution can speed up the entire flow of transport documents, reduce the requirement for data entry by up to 80 percent, simplify data amendments across the shipping process, streamline the checks required for cargo and reduce the burden and risk of penalties for customs compliance levied on customers. Accenture PLC Price | Accenture PLC Quote The secured storage and transmission of data through a decentralized database is the most attractive feature of the blockchain technology. Originally used for cryptocurrency transactions, the system is transparent and incorruptible and is meant to provide unaltered information. Since blockchain uses a distributed consensus, tampering with its records without being noticed by an entire network is difficult. This makes the system extremely safe. With minimum chances of double counting and hacking, the possibility of monetary losses is low. Driven by multi-industrial adoption, the technology has rapidly gained traction over the last few years. The solutions offered by other key players in this domain like International Business Machines IBM and Microsoft MSFT have been adopted by the insurance, banking, food supply and automobile industries amon Continue reading >>

Dhl And Accenture Trial Blockchain-based Pharma Security Program | Air Cargo World

Dhl And Accenture Trial Blockchain-based Pharma Security Program | Air Cargo World

DHL and Accenture trial blockchain-based pharma security program DHL released a report in cooperation with Accenture that outlines blockchains profound impact on the logistics industry. However, the partners said that the industry will need to improve its collaboration before blockchain goes mainstream. The two companies have also built a working prototype, which tracks pharmaceuticals from the point of origin to the consumer, preventing tampering and errors. We believe logistics is an area where the new technology [blockchain] will have a truly profound impact, said Matthias Heutger, senior vice president DHL Customer Solutions & Innovation. He said that blockchain is ideally suited for the segmented logistics industry but noted that, implementing productive solutions will require further technological development and, critically, collaboration between all stakeholders. Keith Turner, CIO chief development office, DHL Supply Chain said that the partnership focuses on pharmaceuticals because pharma shipment showed the most potential and is plagued with security gaps that counterfeiters take advantage of. By utilizing the inherent irrefutability within blockchain technologies, we can make great strides in highlighting tampering, reducing the risk of counterfeits and actually saving lives. DHL and Accenture created a blockchain-based serialization prototype with nodes in six geographical regions to track pharmaceuticals across the supply chain. The ledger tracking these medicines may be shared with stakeholders, including manufacturers, warehouses, distributors, pharmacies, hospitals, and doctors. DHL ran lab-simulations that showed how blockchain could handle more than seven billion unique serial numbers and 1,500 transactions per second. Continue reading >>

Dhl And Accenture Apply Blockchains To Logistics

Dhl And Accenture Apply Blockchains To Logistics

DHL and Accenture apply blockchains to logistics DHL has released a trend report in cooperation with Accenture on applying blockchains for logistics. The report argues the technology has the potential to transform the logistics industry. It includes initial findings on a working prototype developed by DHL and Accenture, which tracks pharmaceuticals from the point of origin to the consumer, preventing tampering and errors. Matthias Heutger, Senior Vice President DHL Customer Solutions & Innovation said: The experiments with blockchain in finance are well known, but we believe logistics is an area where the new technology will have a truly profound impact. Implementing productive solutions however, will require further technological development and, critically, collaboration between all stakeholders. Global supply chains are notoriously complex, with: DHL and Accenture argue each is a challenge that blockchain is well suited to address. The report also examines: As described by the report: Blockchain is a new type of database system that maintains, records and authenticates data and transactions. In supply chains, products are assigned unique identifiers which enable the capture of the entire history, from production to the end customer. Throughout, supply chain stakeholders are able to validate information in real time. If anyone tries to tamper with, alter or erase a record, everyone will know. According to Keith Turner, CIO Chief Development Office, DHL Supply Chain: We see especially exciting potential for blockchain in pharmaceuticals, which is why we focused our proof of concept with Accenture on the life sciences and healthcare industry. By utilising the inherent irrefutability within blockchain technologies, we can make great strides in highlighting tampering, re Continue reading >>

Accenture, Apl Succeed In Blockchain Pilot For Freight Industry

Accenture, Apl Succeed In Blockchain Pilot For Freight Industry

Accenture, APL Succeed in Blockchain Pilot for Freight Industry A consortium of companies operating in the freight and logistics industry has successfully tested blockchain technology for shipments. Accenture was responsible for the blockchain architecture. Accenture, AB InBev, APL, Kuehne + Nagel, and a Europe-based customs organization have succeeded in a blockchain pilot aiming to reduce the need for documents in the shipping process. The consortium hopes the freight and logistics business would save hundreds of millions of US dollars each year with the help of this distributed ledger technology (DLT) platform. The group experimented with the blockchain system to avoid the exchange of documents in physical or digital form. Instead, the data were included in a DLT platform under single ownership rules based on the type of information. Currently, a shipment process at the international level involving companies operating in the consumer goods, retail, or auto industries requires over 20 documents to allow the merchandise to get from exporter to importer. Many of these documents are paper-based, and their flow is slow, delaying the settlement of goods. The new system can streamline all the processes, increase their security, and cut costs. Adriana Diener-Veinott, head of Accentures Freight & Logistics segment, commented as follows: Our trials have proven the viability of a shipping process in which many documents can be replaced by secure and distributed data sharing with clear and defined ownership. This gives companies a significant opportunity to save time and money while improving their service to customers. The consortium members represented stakeholders across the shipping process. Thus, AB InBev acted as a typical exporter, APL was a shipping organization, Kuehn Continue reading >>

Deutsche Post Dhl Group | Mar 12, 2018: Dhl And Accenture Unlock The Power Of Blockchain In Logistics

Deutsche Post Dhl Group | Mar 12, 2018: Dhl And Accenture Unlock The Power Of Blockchain In Logistics

Mar 12, 2018: DHL and Accenture unlock the power of blockchain in logistics DHL and Accenture unlock the power of blockchain in logistics Trend report explores the technology's potential for improving transparency and traceability in supply chains and automating commercial processes Blockchain technology spending expected to increase more than tenfold globally between 2017 to 2021 Proof of concept successfully demonstrated track and trace of pharmaceutical products from manufacturing to patients, showing potential to eliminate counterfeiting of drugs The report explores the technology's potential for improving transparency and traceability in supply chains and automating commercial processes. DHL has released a trend report in cooperation with Accenture, a leading global technology consultant, on blockchain technology's potential to transform the logistics industry. Global supply chains are notoriously complex, with a diverse set of stakeholders, varying interests, and many third-party intermediaries - challenges that blockchain is well suited to address. The report includes initial findings on a working prototype developed by DHL and Accenture, which tracks pharmaceuticals from the point of origin to the consumer, preventing tampering and errors. "The experiments with blockchain in finance are well known, but we believe logistics is an area where the new technology will have a truly profound impact," insists Matthias Heutger, Senior Vice President DHL Customer Solutions & Innovation. "Implementing productive solutions however, will require further technological development and, critically, collaboration between all stakeholders." Blockchain is a new type of database system that maintains, records and authenticates data and transactions. In supply chains, products are Continue reading >>

Accenture Announces New Head Of Blockchain Innovation

Accenture Announces New Head Of Blockchain Innovation

Accenture Announces New Head of Blockchain Innovation Oct 16, 2017 at 12:00 UTC|UpdatedOct 16, 2017 at 12:01 UTC Global professional services giant Accenture has announced a new executive hiring as part of its focus on developing cross-industry blockchain initiatives. The new team member, Iliana Oris Valiente, will serve as managing director and global blockchain innovation lead for Accenture's emerging technology group, which develops prototypes and cutting-edge solutions aimed ultimately to help organizations maximize their performance. Valiente, who recently founded the ColliderX blockchain R&D hub, will oversee the growth of the company's blockchain capabilities, as well as its blockchain talent pool. Based in Accenture's blockchain practice in Canada, she will also serve as blockchain advisor to the firm's strategic growth initiatives steering committee. Valiente brings to Accenture notable experience in the enterprise blockchain field, having been a co-founder ofDeloitte's Rubix blockchain initiative and being instrumental in driving that firm's move into distributed ledger consulting and development before her departure in May. Simon Whitehouse, senior managing director and head of Accenture's global blockchain practice, described why Valiente was the firm's choice for the role, saying: "Her knowledge, leadership and ability to act as a conduit between the blockchain developer community and business will be a strong asset to our clients and leadership as we help a range of industries leverage distributed ledger technology." Accenture building image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating su Continue reading >>

Industry Consortium Successfully Tests

Industry Consortium Successfully Tests "revolutionary" Accenture Blockchain Solution

Industry consortium successfully tests "revolutionary" Accenture blockchain solution Industry consortium successfully tests "revolutionary" Accenture blockchain solution By James Henderson . Mar 15, 2018, 9:53AM A consortium comprising a cross-section of leading companies has successfully tested a blockchain solution that it says couldeliminate the need for printed shipping documents and save the freight and logistics industry hundreds of millions of dollars annually. The solution developed by Accenture has been tested AB InBev, Accenture, APL, Kuehne + Nagel and a European customs organisation. The consortium tested a solution where documents are no longer exchanged physically or digitally but instead, the relevant data is shared and distributed using blockchain technology under single ownership principles determined by the type of information. Through a detailed review of the current documentation processes, the group examined a re-allocation of information ownership, accountability and risk enabled by the trust and security blockchain technology offers. Our trials have proven the viability of a shipping process in which many documents can be replaced by secure and distributed data sharing with clear and defined ownership, said Adriana Diener-Veinott, who leads Accentures Freight & Logistics industry practice. This gives companies a significant opportunity to save time and money while improving their service to customers. The consortium, which represents typical stakeholders across an international shipment, collaborated to test 12 real shipments, with various destinations, each with different regulatory requirements. The tests confirmed that blockchain can reduce operating costs and increase supply chain visibility. Each organization involved in the trials typified Continue reading >>

Accenture Thinks The Us Can Still Be A Blockchain Innovator

Accenture Thinks The Us Can Still Be A Blockchain Innovator

Accenture Thinks the US Can Still Be a Blockchain Innovator Is the U.S. government committed to testing blockchain solutions? While some at last week's D.C. Blockchain Summit say they suspect the government isn't sincere, David Treat, amanaging director and co-head of Accenture's Global Blockchain Practice, believes this answer couldn't be farther from reality. Despite the sometimes heated rhetoric of the nation's lawmakers on some of its more controversial applications, Treat believes government interest in the technology has produced "an unprecedented degree of participation and collaboration," one that is anequal opportunity for Accenture. Perhaps predictably, Accenture wishes to capitalize on this by using its prior experience in developing government services to secure a central role in the U.S. government's blockchain pursuits, particularly those related to digital identity . The professional services company is currently working with partners such as the World Economic Forum and the United Nations on projects like the Known Traveler Identity Initiative and the ID2020 Alliance. They're also speaking to people at whom the technology is directed - refugees, for instance. But, according to Treat, digital identity projects must necessarily involve individualsandgovernments. "Ultimately, it's important that how we modernize digital identity satisfies all of the needs of what a nation-state needs as well as an individual, and we think the solution pattern we're designing and starting to build really threads that needle and can satisfy both." While digital identity issues are a priority for Accenture, it also has its sights set on facilitating the government adoption of other blockchain applications. According to Treat, Accenture welcomes the input of regulators in the Continue reading >>

How Accenture Is Going Off-chain To Make Blockchain Editable

How Accenture Is Going Off-chain To Make Blockchain Editable

How Accenture is going off-chain to make blockchain editable David Treat, managing director and Accentures global head of blockchain. Image: Accenture The future of finance is undeniably linked to blockchain, but Accenture plans on doing things a little differently. Blockchain as a technological concept promises some pretty extraordinary things, be it giving a person with no identity tangible proof of their existence in a global community, or helping to make tons of paperwork disappear . There is no denying that, at its core, blockchain is a technology that aims to fundamentally turn the financial industry on its head, making it more automated, frictionless and transparent. Thats the opinion of David Treat, a managing director and Accentures global head of blockchain, who I first spoke to in October as a fellow judge at the firms Blockchain for Good Hackathon in Dublin. In the space of four years, Treat said that his interest in blockchain technology has gone from a hobby to his full-time job, thanks to a chance encounter with a student at Silicon Valley think tank Singularity University. Up until around this time, blockchain was only ever talked about as the technology that keeps the cryptocurrency bitcoin running, but people were quickly learning that it could do much, much more. Treat found himself fascinated with blockchains potential. I spent the next entire day with a group of people all fired up around exploring what this is going to do to investment banking, he said in conversation with Siliconrepublic.com. Now, just a few years later, some of the worlds largest banks are coming together to form their own digital currency built on blockchain. Expected to launch next year, the utility settlement coin wont be a rival to bitcoin, but it will help banks to develop Continue reading >>

Dhl And Other Supply Logistics Companies Partner With Accenture Blockchain

Dhl And Other Supply Logistics Companies Partner With Accenture Blockchain

Regulation poses a threat to industrys innovation Logistics giant DHL announced it had partnered with Accenture and created a Blockchain-based supply chain prototype March 12. DHL and Accenture created a blockchain-based serialization prototype with nodes in six geographies to track pharmaceuticals across the supply chain, the release reports. The ledger tracking these medicines may be shared with stakeholders, including manufacturers, warehouses, distributors, pharmacies, hospitals, and doctors. Lab-simulations show how blockchain could handle more than seven billion unique serial numbers and 1,500 transactions per second. DHL and Accentures pharmaceutical prototype is just one of the use cases highlighted in their trend report. Blockchain technology shows great promise for dramatically improving the efficiency and reliability of supply chains in all industries. Just today, Accenture also announced a revolutionary blockchain solution for a supply-chain consortium involving AB InBev, Accenture, APL, Kuehne + Nagel and a European customs organization. This is another emerging model, companies banding together to create a consortium, like B3i , a group of 15 insurance companies collaborating to increase transaction efficiency. According to the International Data Corporation (IDC), global spending on blockchain solutions is forecast to reach $2.1 billion in 2018, more than double the $945 million spent in 2017. In 2021 annual spending is expected to reach $9.7 billion, according to IDC Worldwide Semiannual Blockchain Spending Guide, 2017H1. The potential for blockchain in logistics is akin to the internet in the 90s. The current challenges involve some necessary huge technical strides to move from concept and pilot application to actually deploying viable solutions, mostl Continue reading >>

Blockchain Consulting Project News: Accenture, Synechron In Pilots

Blockchain Consulting Project News: Accenture, Synechron In Pilots

News Stay informed about the latest enterprise technology news and product updates. Blockchain consulting project news: Accenture, Synechron in pilots The blockchain portion of the IT consulting market appears to be gaining momentum amid prototype and pilot projects from Accenture and Synechron; other news from the week. CW ANZ - September 2017: Cloud ERP on the rise ComputerWeekly.com Blockchain consulting project gigs continue to pop up in the IT services field, with recent examples coming from Accenture and Synechron. Accenture has created a prototype system that the company said uses blockchain and biometrics technology to boost national border security while also giving international travelers control over how they share their information. The prototype, dubbed the Known Traveller Digital Identity system, debuted in January 2018 at the World Economic Forum Annual Meeting in Davos, Switzerland. Could Securing Your Channel Business Be Easier? We Can Help. Download our latest guide to the top strategies solution providers can leverage for starting up and securing a cloud practice, successful approaches to selling and marketing cloud, and why it is urgent for partners to transition now. This email address doesnt appear to be valid. This email address is already registered. Please login . You have exceeded the maximum character limit. Please provide a Corporate E-mail Address. By submitting my Email address I confirm that I have read and accepted the Terms of Use and Declaration of Consent. By submitting your personal information, you agree that TechTarget and its partners may contact you regarding relevant content, products and special offers. You also agree that your personal information may be transferred and processed in the United States, and that you have read an Continue reading >>

Why Accenture Has The Most Blockchain Job Openings In The World

Why Accenture Has The Most Blockchain Job Openings In The World

Why Accenture Has The Most Blockchain Job Openings In The World I cover fintech, cryptocurrencies, blockchain and investing. Accenture had more than 500 blockchain-related job openings in 2017. Global companies are making massive investments in blockchain, the digital ledger technology that underpins cryptocurrencies and allows information to flow securely between different parties. The total number of blockchain-related job openings more than doubled in 2017, reaching 4,918 postings by years end. And consulting giant Accenture is hiring more blockchain jobs than any other company. In English-speaking countries, Accenture had 537 blockchain job openings in 2017, compared with 237 for IBM and 157 for cryptocurrency consulting firm and startup incubator ConsenSys, according to job-market analytics firm Burning Glass . Deloitte and SAP rounded out the top five companies hiring blockchain jobs, with about 100 openings apiece. While Bitcoin is based on a public ledger that anyone can use to make secure financial transactions, Accenture is focused on building private blockchains that only its clients, their business partners and customers can access. Its seeing the most demand in three areas: financial services, supply chain and identity. And its hiring primarily for roles like software developer, technical architect and business strategist. Accenture generally provides consulting and technology implementation services, while companies like IBM build the technical tools that Accenture often uses. But why does Accenture need to use blockchain to link entities together privately, instead of a simple database? According to David Treat, managing director and co-head of Accentures global blockchain practice, it comes down to trust. Historically, organizations have rarely trusted Continue reading >>

Dhl, Accenture Reveal Blockchain Prototype To Tackle Pharmaceutical Tampering

Dhl, Accenture Reveal Blockchain Prototype To Tackle Pharmaceutical Tampering

DHL, Accenture Reveal Blockchain Prototype To Tackle Pharmaceutical Tampering DHL and Accenture have quietly developed a Blockchain prototype to enhance the pharmaceutical supply chain. Logistics giant DHL announced it had partnered with Accenture and created a Blockchain-based supply chain prototype March 12. In a joint press release, the two companies presented a trend report for Blockchain in tandem with what appears to be ongoing plans to introduce the technology to global pharmaceutical supply. DHL and Accenture created a blockchain-based serialization prototype with nodes in six geographies to track pharmaceuticals across the supply chain, the release reports. The ledger tracking these medicines may be shared with stakeholders, including manufacturers, warehouses, distributors, pharmacies, hospitals, and doctors. Lab-simulations show how blockchain could handle more than seven billion unique serial numbers and 1,500 transactions per second. Permissioned Blockchains have formed a continuing area of interest for Accenture over the past year. In September 2017, the company filed a patent for a so-called editable Blockchain, allowing enterprises to resolve human errors, accommodate legal and regulatory requirements, and address mischief and other issues, while preserving key cryptographic features. While the concept of manually altering Blockchain data sounds counterintuitive for a technology in which an immutable ledger lies at the heart of its effectiveness, the DHL scheme appears equipped to tackle issues endemic in the pharmaceutical industry such as tampering. We see especially exciting potential for blockchain in pharmaceuticals, which is why we focused our proof of concept with Accenture on the life sciences and healthcare industry, Keith Turner, CIO at DHL Su Continue reading >>

Blockchain Solutions For Financial Services | Accenture

Blockchain Solutions For Financial Services | Accenture

Accenture strives to be at the forefront of blockchain innovation and its practical, real world application. We provide our clients with a complete view of the blockchain-based technology landscape and its potential business implications. Our global team of experts works with each client to help build smart strategies around effective use-cases, investment and implementation. Blockchain has the potential to drive profound, positive change. We are working closely with leaders from across a broad range of industries, governments, consortia, the academic community and our key technology alliances to move technology forward so that, ultimately, it can help to improve the way the world lives and works. BLOCKCHAIN HAS THE POTENTIAL TO DRIVE PROFOUND, POSITIVE CHANGE. Blockchain applicability, business impact and deployment strategy assessment Technology leadership workshops for hands-on, advanced training and rapid prototyping Rapid development environments featuring a suite of blockchain toolsets, customized Proofs of Concept and Proof of Value Holistic solution design that encompass people, process, operating model and technology Complex implementation management, third party vendor integration and custom coding Proprietary software add-ons, such as redaction and key management, including hardened security modules Accenture entered into an alliance with Digital Asset in 2016. Digital Asset brings 21st century technology to existing financial infrastructure, with a particular focus on post-trade processing. R3 is an enterprise software firm working with over 100 banks, financial institutions, regulators, trade associations, professional services firms and technology companies to develop Corda, its distributed ledger platform designed specifically for financial services. In Continue reading >>

Want A Job In Blockchain? Go Work For Accenture

Want A Job In Blockchain? Go Work For Accenture

Want a job in blockchain? Go work for Accenture While global management consultant Accenture's involvement with blockchain has not been without controversy, there can be no doubting its growing significance in the sector By Asia Times staff March 16, 2018 7:36 PM (UTC+8) If you want a job in blockchain you should apparently start your search with Accenture. According to Forbes , in English-speaking countries Accenture had 537 blockchain job openings in 2017 while IBM had 237, crypto-currency consultant ConsenSys had 157 and Deloitte and SAP had about 100 a piece. Must-reads from across Asia - directly to your inbox Considering the spate of recent blockchain announcements from Accenture, this news should come as no real surprise. This week Accenture announced the successful completion of a transportation supply-chain trial involving brewing conglomerate AB InBev, shipping company APL, logistics provider Kuehne + Nagel and an unnamed European customs organization. The blockchain-based system, that Accenture claims will reduce the requirement for data entry by up to 80 percent while also reducing the need for cargo checks and the risk of customs penalties, could save the shipping industry hundred of millions a year. Accenture has also just rolled out another blockchain-related transportation project, this time with logistics giant DHL, that will track the intercontinental movement of pharmaceuticals. The global management consultant was also a founding member of the public-private ID2020 blockchain partnership that is working on a range of global identity-verification issues, that includes a project trying to help the one billion people in this world who dont have any form of ID. And while Accentures involvement with blockchain has not always been without controversy, lik Continue reading >>

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