KPMG’s Distributed Ledger Services meet Luxembourg

In the upcoming years, we believe that interest in distributed ledgers will continue to grow around the globe.

In Luxembourg, attention on the technology has surged in recent months, with digital players involved in DLT being increasingly attracted to Luxembourg.

All industries combined, public institutions and private companies alike, are shifting together towards automating their internal and external processes. This phenomenon is triggering a digital convergence between market participants and will bring new opportunities for collaboration.

New modes of transactions and user interactions for current products and services are emerging. We believe that industries should now internally improve their skills and competencies in order to be ready when the technology will reach its full maturity.

KPMG believes that DLT represents a huge opportunity for Luxembourg. Seeing DLT merely as a technological improvement would be half-sighted, in our opinion: we foresee a real change of paradigm. Public and private players should start embracing the change with concrete applications.

In the long term, KPMG can help you assess DLT’s impact on your business by conducting an in-depth analysis. In the short term, KPMG can help you improve your operational processes before the technology is fully adopted by the industry, with our own Center of Excellence capable of implementing use cases of DLT.

• [Management Effectiveness - Operation Transparency]
  Acceleration of the buying/selling process, reduced risk, and improved transparency.
• [Product Improvement - Customer Satisfaction]
  Considerably increased customer satisfaction following improvement of internal processes thanks to DLT but also big data and the IoT.
• [Data Management - Data Security]
  Reduction in data security risk. Creation of the possibility for a reliable infrastructure to manage intellectual property.