KPMG, one of accounting’s Big Four, has formed a strategic alliance with enterprise blockchain security company Guardtime to provide blockchain-enabled business solutions to clients. Together, they will address complex business issues in the areas of supply chain, data rights management, compliance procurement, finance, identity management, cloud audit, migration governance, and security.

KPMG said in its press release (Feb 20) that it will use its blockchain enablement services to work with Guardtime to provide strategy, assessment, and design and implementation services. On its end, Guardtime provides immutable data and process integrity to “drastically” simplify compliance, audit, and security requirements for organizations.

Talking about the partnership, Guardtime CEO Michael Gault, said, “Guardtime’s clients are companies that want to transform their business and win in the digital domain. Partnering with KPMG’s blockchain enablement services makes the technology real and gives clients the ability to take them to market across many industries.”

Arun Ghosh, KPMG’s National Blockchain leader, commented, “Our alliance with Guardtime gives clients access to a secure digital platform. KPMG’s deep business and technical experience along with Guardtime’s blockchain platform drives business transformation in areas that are encumbered with manual processes and where data accuracy, trust, and security are paramount.”

Last year, Guardtime formed a partnership with fellow Big Four firm EY to create a blockchain insurance platform for the shipping industry, with Maersk as its trial client. Guardtime was founded in Estonia where it has partnered the country’s government for the latter’s e-government scheme.