Today KPMG announced its membership of the Trusted IoT Alliance (TIoTA), a group dedicated to developing the standard for open source blockchain and Internet of Things (IoT) technologies at an international level. The ultimate objective of its 50 members is to enhance the connectivity of IoT devices.
As one of the ‘Big Four’ professional service firms, KPMG is a leading player in the tech advisory space. KPMG is already heavily involved in the blockchain space. It helped
Singapore Airlines develop its blockchain loyalty program, it’s assisting the
Blockchain in Transport Alliance with standards, and was an advisor on the
FundsDLT Luxembourg asset management project.
The TIoTA was founded in 2017 with tech startup members including IOTA, Chronicled, ConsenSys, Hedera Hashgraph and VeChain. The Alliance also boasts Bosch, Siemens, Cisco and others as enterprise members. The ultimate goal is to create an IoT ecosystem which is interoperable, scalable, and based on trusted blockchain technology.
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