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Ey Switzerland, World Top Four Accounting Firm, To Accept Bitcoin

Ey Switzerland, World Top Four Accounting Firm, To Accept Bitcoin

EY Switzerland, World Top Four Accounting Firm, to Accept Bitcoin Top-four world accounting firm EY Switzerland announced that it would be integrating Bitcoin into the company as part of a greater digitization process. EY Switzerland will become the first advisory firm in the world to accept Bitcoin . Formerly known as Ernst and Young, the professional service company announced via a press release on Friday, that it would be integrating Bitcoin as part of a greater digitization process. All EY Switzerland employees will be issued Bitcoin wallets through a custom wallet app. This will also include a publicly accessible two-way Bitcoin ATM at its headquarters in Zurich. As EY Switzerland CEO Marcel Stalder notes, the pro-Bitcoin push is necessary to get his company and employees familiar with Blockchain technology, which will likely dominate the future of the finance industry: We dont only want to talk about digitalization, but also actively drive this process together with our employees and our clients. It is important to us that everybody gets on board and prepares themselves for the revolution set to take place in the business world through Blockchains, smart contracts and digital currencies. Blockchains are a very quickly developing technology that can permanently change many sectors. In Switzerlands role as an important financial and industrial center and to further its development as a digital hub, it is essential that it be a pioneer in this area. EY is third of the four largest accounting firms in the world, also known as the big four, which also includes Deloitte, PricewaterhouseCoopers and KPMG. Switzerland fast becoming a hub of digital innovation This latest integration by a major company serves to further solidify Switzerlands reputation as a Blockchain-frie Continue reading >>

Ey Switzerland Accepts Bitcoin And Installs Atm

Ey Switzerland Accepts Bitcoin And Installs Atm

EY Switzerland Accepts Bitcoin and Installs ATM Big Four accounting firm EY (Ernst & Young) has just announced its Switzerland branch will be accepting bitcoin. Furthermore, the professional services company will installa bitcoin ATM in the main building of its Swiss office. EY Switzerland Will Accept Bitcoin for Services EY Switzerland says the firm believes in the digitalization of emerging technology and innovation. Early on, the company bolstered blockchain technology in its written research findings for clientele. This January 2017 Switzerlands EY customers will be pay for auditing and advisory invoices with Bitcoin. Afteradding bitcoin support, the company will install the bitcoin ATM in one of its offices in Zurich. The company explains the automated teller will be accessible to both EY employees and Swiss residents in the area. The Switzerland branch will also give employees an EY wallet app that enables excellent protection against unauthorized access within the EY system environment. The main point of the new services and ATM is to drive digitalization awareness to EY employees and clients. We dont only want to talk about digitalization, but also actively drive this process together with our employees and our clients, explains Marcel Stalder, CEO of EY Switzerland. It is important to us that everybody gets on board and prepares themselves for the revolution set to take place in the business world through blockchains, smart contracts, and digital currencies. Blockchains are a very quickly developing technology that can permanently change many sectors. In Switzerlands role as an important financial and industrial center and to further its development as a digital hub, it is essential that it be a pioneer in this area. Educating Clients on the Transformative Dig Continue reading >>

Waves And Leading Market Players Are Founding A New Self-regulatory Body To Set Standards Foricos

Waves And Leading Market Players Are Founding A New Self-regulatory Body To Set Standards Foricos

PR at @Wavesplatform #blockchain #cryptocurrency #fintech $WAVES Waves and leading market players are founding a new self-regulatory body to set standards forICOs Waves Platform is creating a self-regulatory body that will provide reporting, legal, tax & accounting, KYC and business due diligence standards for ICOs and blockchain industry. The organisation will be founded as an association, with Switzerland being the most obvious choice for location. It will be open to all crypto market leaders: exchanges, marketing companies, ICO platforms, blockchain platforms, professional services firms and reputable individuals. Regulation is clearly an emerging phenomenon and concern in the crypto space. If certain jurisdictions have not yet announced their intentions, then its only a matter of time. Waves has always been clear that regulation the right kind of regulation is a good thing for the crypto space. We have also been clear that we want to be a part of that emerging dialogue. We want a seat at the table to be able to shape the future of regulation in the ICO and blockchain space, says Alexander Ivanov, CEO and founder of Waves Platform. The founding self-regulatory body will be working with the ICO Governance Foundation (IGF) and other professional foundations to coordinate on cross-platform ICO disclosure protocols. The Waves Platform is taking a leadership role in working with the IGF on ICO disclosure standards said Miko Matsumura, Founder of the ICO Governance Foundation. By exhibiting leadership here they are expanding the scope of what it means to be a platform for token creation. The organisation will be blockchain-agnostic, providing best business practices for token sales on all platforms. Naturally, it will be the recommendation for all Waves token sales to com Continue reading >>

Blockchain Explained... In Under 100 Words

Blockchain Explained... In Under 100 Words

Blockchain explained... in under 100 words It's what we do that makes the difference I recently attended an industry seminar where the concept of the Blockchain was explained. At the end of the session, walking out of the lecture room I heard one of the attendees say to a colleague "I'm still not sure what exactly Blockchain is...". Many of us know that Blockchain is a topic that is hot at the moment. It's a topic that is disruptive. It's a topic that is accelerating. But now imagine your elevator stops between floors and you are asked "Great overview - but can you explain to me how it really works?". Here is my attempt to explain the original intent of the Blockchain in fewer than 100 words. You (a "node") have a file of transactions on your computer (a "ledger"). Two government accountants (let's call them "miners") have the same file on theirs (so its "distributed"). As you make a transaction, your computer sends an e-mail to each accountant to inform them. Each accountant rushes to be the first to check whether you can afford it (and be paid their salary "Bitcoins"). The first to check and validate hits REPLY ALL, attaching their logic for verifying the transaction ("Proof of Work"). If the other accountant agrees, everyone updates their file This concept is enabled by "Blockchain" technology. Yes - but as a concept, not much more. Complexities come in the implementation and the journey to realize value from such implementations. The above example will, of course, be overly simplistic for some but may be a starting point for others. In a traditional environment, trusted third parties act as intermediaries for financial transactions. If you have ever sent money overseas, it will pass through an intermediary (usually a bank). It will usually not be instantaneous (tak Continue reading >>

Two Of The Big Four Accounting Firms Now Accept Bitcoin

Two Of The Big Four Accounting Firms Now Accept Bitcoin

Two of the Big Four Accounting Firms Now Accept Bitcoin Julio Gil-Pulgar December 2, 2017 9:30 pm In their quest to gain supremacy in the cryptocurrency ecosystem, the Big Four accounting firms (Deloitte, EY, PwC, and KPMG) are focusing their strategies and shaping their services to better respond to their customers demands. And, as a testament to Bitcoins status as an increasingly mainstream financial asset, PwC is following EYs lead in accepting payments in Bitcoin. Bitcoin and its blockchain technology are becoming so pervasive throughout business, finance, and industry that corporations, no matter how big or small , cannot avoid doing business that is, either directly or indirectly, related to Bitcoin and its technology. The Big Four accounting firms (Deloitte, EY, PwC, and KPMG) affirm the cryptocurrencys worthiness by embracing it and continuously adapting their services for new business models, such as crypto exchanges, crypto funds, and initial coin offerings (ICOs). For example, PwC offers its advisory services to help startups, financial, and technology companies to take advantage of Bitcoins blockchain technology. Consistent with this outlook, the PwC office in Hong Kong is now accepting payments in Bitcoin.The Wall Street Journalreported: PwC in Hong Kong said that it accepted the payment because it is increasingly working with startups in the city involved in cryptocurrencies and blockchain, the open-ledger technology that processes bitcoin transactions by logging them on a public record. In a September 2015 paper entitled Money is no object: Understanding the evolving cryptocurrency market, PwC had already acknowledged that Bitcoin has demonstrated its value. The Wall Street Journal quotes Raymund Chao, chairman of PwC Asia-Pacific, who said: It is also a Continue reading >>

Blockchain - Enigma Paradox Opportunity | Deloitte Switzerland | Innovation

Blockchain - Enigma Paradox Opportunity | Deloitte Switzerland | Innovation

There are new and emerging opportunities for organisations in all sectors to create and deliver compelling services for their customers using the power of disruptive innovation. As organisations formulate their plans for the coming months, this paper aims to help business and public sector leaders understand the cultural and organisational challenges that are inevitably brought by the use of blockchain technologies, and provides them with the insights they need to overcome them. Blockchain applications in the media industry You may have read about Bitcoin or heard about it at a FinTech conference. You may have used Bitcoins to purchase pizza, coffee or even a spaceflight. Wherever the digital currency comes into discussion, fierce debates often follow. Early adopters passionately claim that Bitcoin will remove dependencies on banks and governments. Hardened business tycoons advise that Bitcoin is just a flash in the pan. While the debate about Bitcoin rages on, researchers have been quietly examining the technology that underpins this and other digital currencies. This is the realm of the blockchain a protocol for exchanging value over the internet without an intermediary and there is a growing buzz about how it might transform not just banking but many other industry sectors, too. In our view, there are new and emerging opportunities for organisations in all sectors to create and deliver compelling services for their customers using the power of disruptive innovation. As they formulate their plans for the coming months, we also hope that this paper helps business and public sector leaders understand the cultural and organisational challenges that are inevitably brought by the use of blockchain technologies, and provides them with the insights they need to overcome the Continue reading >>

Big 4 Step Up The Bitcoin Game, Ey Accepts Bitcoin In Switzerland

Big 4 Step Up The Bitcoin Game, Ey Accepts Bitcoin In Switzerland

Big 4 step up the Bitcoin game, EY accepts Bitcoin in Switzerland Ever since Internet of Things has proved itself as a prudent innovation, Big four firms have their eyes set on these innovations. The consultancy divisions of these firms are closely monitoring IOT to evaluate the possible investment opportunities for their clients. This is evident from the PwC report on IOT, released in mid-2015 exploring the unlimited possibilities and open markets for application. After the advent of Bitcoin, Blockchain technology has received no different treatment. The cryptocurrency and its underlying technology have received the same amount of attention owing to its disruptive nature. Pretty recently after Deloitte, EY made a move in Bitcoin. Lets look into the details of how this would impact Bitcoin: On Wednesday, September 7th this year, Big Four accounting firm Deloitte has opened its first operational bitcoin ATM. The opening was quiet and took place in the downtown Toronto offices of Deloittes Rubix blockchain division. The bitcoin transaction machine, or BTM, is now all set to exchange digital currency for Canadian dollars. The move was intends tomake Deloitte employees well acquainted with Bitcoin and Blockchain. Owing to the firms interest and belief in the cryptocurrency and its underlying technology, Deloitte has taken the first step towards it by this move. In a surprising move that will completely boost adoption, EY announced that their Swiss firm will soon begin accepting bitcoin. The firm also installed a Bitcoin ATM (BTM) in their main office building, next to the Hardbrcke train station in Zurich. The BTM is publicly accessible to exchange Swiss Francs for Bitcoins. The firm also gave away bitcoin wallets to all of their employees. The effort is in the direction o Continue reading >>

Blockchains Potential Is Ripe, According To The Swiss

Blockchains Potential Is Ripe, According To The Swiss

February 2017 white paper by Deloitte Switzerland examined how blockchain could take off in Switzerland. It noted that the Swiss city of Zug offers the blockchain community huge potential as a place in which this technology can be developed and used. Zugs Crypto Valley, where many blockchain startups reside, provides the most convincing evidence, said Deloitte. With that, global blockchain hubs can look towards Switzerland as a leading example on the development of blockhain technology. According to the white paper, rapid technological development, constantly changing customer behaviour and ongoing regulatory amendments are forcing companies and organisations worldwide to conduct a critical review of their business models and business processes. Blockchain technology presents a great opportunity to all Swiss companies needing to do this, as its distinctive characteristics such as decentralisation, irreversibility and smart contracts mean it provides considerable support to this transformation. Blockchain or distributed ledger technology (DLT) is a technological protocol that enables data to be exchanged directly between different contracting parties within a network without the need for intermediaries. The network participants interact with encrypted identities (anonymously); each transaction is then added to an immutable transaction chain and distributed to all network nodes. Deloitte noted that in view of the technical complexity and the lack of acceptance of these far-reaching changes in the private, public and commercial sectors, this new technology will in all probability only catch on gradually and depending on how it develops over the coming months and years. Ongoing globalisation and the growing complexity and volume of global transactions are making this appro Continue reading >>

Consensys Is Attracting Major Blockchain Talent From Big Banks And Consulting Firms Quartz

Consensys Is Attracting Major Blockchain Talent From Big Banks And Consulting Firms Quartz

Executives tasked with exploring blockchain tech for banks and consulting firms are finding it harder and harder to resist going full crypto. Case in point: three executives at BNY Mellon, Deutsche Bank, and PWC well known for leading blockchain work at their firms have left to pursue their own blockchain projects in recent days. Their reason? They want to pursue blockchain ambitions outside the strictures of a corporate innovation lab. The executives are now either directly employed by blockchain venture studio ConsenSys, or will work on their own projects with ConsenSys funding. Among them is Alex Batlin, who formerly led blockchain work at BNY Mellon, and before that at UBS. Hes now working on his own company, Trustology, with backing from ConsenSys. I am a big believer in cryptoassets being super exciting, so being able to take these ideas to production in a timeframe that I want to do it in, its really tricky to do that in a bank, he says. The other two execs are PWCs Ajit Tripathi and Deutsche Banks Edward Budd. Its not the first time execs at big banks have defected to go all-in on blockchain. One well known example is Blythe Masters, who joined Digital Asset Holdings as chief executive, after leading commodities trading at JPMorgan. Others have turned to blockchain ventures after departing the C-suite, whether as founders or investors. Theres ex-Barclays head Antony Jenkins, the founder of data optimization fintech firm 10x Future Technologies who joined the board of Blockchain in 2016, and former UBS chief information officer Oliver Bussman, who promotes Switzerlands Crypto Valley as a base for blockchain companies in the canton of Zug. The blockchain specialists are leaving their corporate employers with valuable contacts. Last year three members of a blockch Continue reading >>

Swiss Annual Review 2017

Swiss Annual Review 2017

On behalf of our partners and people I am proud to introduce our Swiss Annual Review 2017, highlighting how we are putting our shared purpose into action across our business. Deloittes purpose is to make an impact that matters. We work with our clients to help them identify and solve complex issues and provide insights into marketplace disruption that affect both national and global organisations in Switzerland. Organisations around the world face many different challenges, from economic and political uncertainty; an evolving regulatory landscape; financial risk; changing social norms; and disruptive technologies that are altering the rules of engagement for business and reshaping the marketplace. Our expertise in helping clients analyse a challenge and take appropriate action is the reason why we are asked to advise many highly-regarded Swiss organisations as they seek to operate successfully in an ever-changing global business environment. The following examples illustrate what we have done to help our clients during the past twelve months. Evolving and adapting our services and capabilities to meet the changing business environment, taking full advantage of Deloittes global partnerships with Apple, Amazon Web Services, Salesforce, Cisco, SAP and McLaren Helping major organisations in life sciences and financial services transform their business as well as reduce their costs with robotics and intelligent automation Leveraging big data and analytics to help consumer & industrial products organisations address the global management of customs duties Combining our thinking capabilities with our programme management capabilities which deliver tangible value the doing part of our business Deploying exponential technologies to deliver the audit of the future and intelligen Continue reading >>

The Blockchain (r)evolution

The Blockchain (r)evolution

Blockchain technology is very much a trending topic, and Deloitte Switzerland is pleased to be able to give you an insight into it with this publication. We herein focus on how Blockchain is seen by the Swiss market, which offers the Blockchain community huge potential as a place in which this technology can be developed and used, of which the prominence of Zugs Crypto Valley provides the most convincing evidence. It's what we do that makes the difference Rapid technological development, constantly changing customer behaviour and ongoing regulatory amendments are forcing companies and organisations worldwide to conduct a critical review of their business models and business processes. Blockchain technology presents a great opportunity to all Swiss companies needing to do this, as its distinctive characteristics such as decentralisation, irreversibility and smart contracts mean it provides considerable support to this transformation. We are seeking, by means of this White Paper, to help promote the development of Blockchain in Switzerland and to encourage dialogue between entrepreneurs, service providers and all other parties with an interest in Blockchain. Switzerland as a leading global Blockchain centre circles of involved parties Switzerland as a leading global Blockchain centre circles of involved parties Switzerland as a leading global Blockchain centre circles of involved parties Blockchain is increasing its traction in terms of popularity and relevance both on a global scale as wells as within the Swiss economy Our Business Innovation model has shown that Blockchain has just entered the Business prototyping phase and many CH-relevant industries have taken up experimenting with the technology to varying degrees The financial services industry is by far the most a Continue reading >>

Jobs In Zurich - Switzerland - For English Speaking Professionals

Jobs In Zurich - Switzerland - For English Speaking Professionals

Consulting - Technology, Strategy & Architecture -... We are international, entrepreneurial and growing fast. Deloitte is one of the world's leading auditing and advisory firms. In Switzerland, we have offices in Zurich, Bern, Basel, Geneva, Lausanne... Consulting - Enterprise Application Insurance, Manager We are international, entrepreneurial and growing fast. Grow your career with us! Deloitte is one of the world's leading auditing and advisory firms in the areas of Audit and Risk Advisory, Tax,... Consulting - Programme Leadership, Senior Consultant... We are international, entrepreneurial and growing fast. Grow your career with us! Deloitte is one of the world's leading firms in the areas of Audit and Risk Advisory, Tax, Consulting and Financial... Management Consulting - M&A, Assistant Manager We are international, entrepreneurial and growing fast. Grow your career with us! Our M&A advisory team is looking for you!Deloitte is one of the fastest growing business consultancy firms in... Consulting, Human Capital - Organisation Transformation... We are international, entrepreneurial and growing fast. Grow your career with us! Deloitte is one of the world's leading auditing and advisory firms in the areas of Audit and Risk Advisory, Tax,... Technology Audit & Assurance - Manager / Senior Manager Your challengeWe are currently looking for a Manager / Senior Manager to continue to grow our Audit & Assurance capabilities within the Geneva Technology Audit & Assurance team. As a team Leader you... Stamford Consultants AG - Switzerland Not Specified A leading Swiss client is hiring an UI/UX Designer (related to Appway product) in Zurich You will work in interdisciplinary project teams with business analysts, architects, consultants, external... Consulting - Enterprise App Continue reading >>

The Blockchain Practice

The Blockchain Practice

A specialist team dedicated to applying distributed ledger technologies Imagine a shared computer accessible to anyone, a single source of truth within which to store events, ownership and activities, and to execute workflow involving multiple parties without the use of separate systems and databases - and with no reconciliation required. It will change the way digital services are provided across all industries globally. Blockchain changes the rules, prepare for disruption or prepare to disrupt. Blockchain explained... in under 100 words A blockchain is a platform for value in all forms to be managed, and for consumers, organisations and regulators alike to connect and interact securely across a rapidly accelerating range of use-cases. Start-ups and established enterprises across all industries are busy building a new generation of highly automated digital, distributed and decentralised systems, solutions and services. The hype has reached fever pitch, and our specialists are focussed on separating the hype from the reality. Smart Identity: Next generation digital identity for individuals, organisations and IoT devices Deloittes Smart Identity platform is changing the way both customers and organisations manage digital identity. Smart Identity offers new ways for individuals, organisations and even the Internet of Things (IoT) devices obtain and use verified identity credentials to transact with one another. We offer a range of services from introductory training, strategic advisory and assisted prototyping right through to the delivery of production-ready enterprise solutions. Talk to us. Continue reading >>

Blockchain Security | Deloitte Switzerland

Blockchain Security | Deloitte Switzerland

A Blockchain, or distributed ledger, is a technological protocol that enables data to be exchanged directly between different contracting parties within a network without the need for intermediaries. Each transaction is communicated to all network nodes, and once verified and confirmed, is added to an immutable transaction chain. Numerous industries are currently researching and piloting Blockchain applications, see our recent white paper The Blockchain (R)evolution The Swiss Perspective (1) for a general overview of Blockchain applications in the Swiss market. What most of these new applications have in common is that they need to process and store sensitive data. In the healthcare industry, for instance, these are patient medical records, medical metadata, clinical trial information and PII (Personally Identifiable Information). As a consequence, there is a rising number of inquiries and concerns from our clients about the security aspects of Blockchain and its ability and limitations in protecting such critical data. Based on our experience, three aspects contribute to making Blockchain security difficult to manage: 1. Immaturity and complexity of the technology Due to the different consensus algorithms available (e.g. proof of work or proof of stake), the Blockchain types (e.g. permissioned or permissionless), and the complex underlying cryptographic protocols, it is difficult for security practitioners to fully understand data flows and potential security weaknesses. In addition, multiple Blockchain platforms and implementations exist and applications must be evaluated for their suitability for integration with a specific Blockchain system. 2. Lack of standards and regulations around Blockchain technology As of today, Blockchain technology is unregulated, resultin Continue reading >>

Role Of Blockchain In The Energy And Resources Industry

Role Of Blockchain In The Energy And Resources Industry

Role of blockchain in the energy and resources industry The blockchain revolution has gone beyond the financial services industry and is evolving as the next game changer for many businesses across many sectors. Is blockchain ready for prime time in the energy and resources industry? Is it a hypeor a genuine agent of change?Deloitte brings you insights into how blockchain could impact the energy and resources industry. Is blockchains future in oil and gas transformative or transient? The time seems right for blockchain, but will it be the next big industry breakthrough? To date, technology has had little impact on the oil and gas industry. But given the data-intensive opportunities available through the growth and expansion of the Internet of Things (IoT), blockchain could be an important vessel to carry the industrys data transformation forward. Blockchain: Overview of the potential applications for the oil and gas market and the related taxation implications The potential uses for blockchain are growing, some of which could have significant implications for the oil and gas industry. This article offers a high-level summary of how blockchain works, its advantages over traditional systems, some of its potential applications, and how these can be applied to the oil and gas market, with a particular focus on taxation and compliance. Blockchain applications in energy trading Firms are dealing with greater requirements for reporting, transparency, and dissemination of data. Costs have gone up and revenues have gone down. Blockchain technology really gets to the core of all those issues and provides a transactional platform that is highly secure, reliable, low cost, and fast. Continue reading >>

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