Blockstream announced today a strategic partnership with PwC to bring blockchain technology and services to companies around the world. The rapid pace of innovation in cryptocurrencies, distributed ledgers, and smart contract technology is driving organizations to transform their operations. PwC is the ideal partner to help deliver the promise of this cutting edge technology.
Blockstream provides companies access to secure blockchain technology – the Bitcoin protocol extended via interoperable sidechains to support new applications.
PwC brings deep industry experience, a broad range of business services and cutting-edge client insights. Together, PwC and Blockstream will help companies evaluate cryptocurrencies and blockchain technologies and launch new uses for the Bitcoin protocol.
“For our clients, understanding new world applications of Bitcoin and blockchain technology, adapting it for myriad uses, and using it optimally are critical to improving financial security, efficiency and compliance,” said Haskell S. Garfinkel, Partner, FinTech Co-Leader, PwC. “PwC is teaming with Blockstream to offer our joint knowledge and capabilities to clients – giving them one place to go, maximizing expertise, talent, and assets from both organizations.”
Together, PwC and Blockstream will help clients by collaborating on existing solutions and developing offerings to enable companies to meet new competition, adapt to disruptive market forces and lead innovation.
PwC has begun to introduce Blockstream’s tech to companies in the US, Europe and Asia, which are exploring a number of financial and non-financial use cases for blockchains. This complements the Bitcoin exchanges working with us on our first commercial sidechain, Liquid, which has been a way for us to support an industry already deep into this technology. With today’s announcement, PwC opens the door for Blockstream to bring new capabilities to established industry sectors and companies just starting to explore the opportunities presented by the advent of blockchains