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Accenture Among Tech Heavyweights Attending Neo’s Second Devcon in Seattle

Blockchain-based smart economy platform NEO has surged to the top of the crypto market driven by the strength of its developer community. This year the community is coming together at the 2019 DevCon event to showcase the latest innovations and tools being built on NEO’s open-source platform. Hosted at the Hyatt Regency Hotel in Seattle on February 16th  and 17th, the event will feature more than 40 speakers and more than 30 projects across 20 separate exhibits organized by NEO users and developers from across the world. The two-day event is split between discussions on the first day and a developer workshop on the second. For the community, this year’s developer conference is a critical step in helping the blockchain project gain global mainstream attention. The objective is to attract the best developers and technical talent from across the world by introducing them to the coder-friendly platform through workshops and expert insights from the best minds in the industry. Founders Da Hongfei and Erik Zhang are expected to open the event with an update on NEO’s ‘Smart Economy’ plan and an official timeline for major developments over the next twelve months. Speakers and panels throughout the rest of the day will focus on platform architecture, innovation, and the regulatory landscape for blockchain developers. Some of the noteworthy speakers include Miha Kralj, managing director of consulting firm Accenture, and Dr Chris Berg of the Royal Melbourne Institute of Technology (RMIT), who will discuss major trends and crypto-economics respectively. “The NEO DevCon is a place where we can share the latest technological advances, learn about interesting applications and discuss the possibilities of future changes with relevant experts and scholars. This time we also invited some speakers from Seattle-based tech giants to share their insights with us,” said Erik Zhang founder of NEO. This year’s developer conference will also feature regulators sharing their perspective of this nascent industry and bringing clarity to the blockchain developer community. One of the confirmed speakers is Joseph Williams, Governor Jay Inslee’s ICT industry sector lead and the State of Washington ICT economic development director. Williams is expected to talk about the regulatory hurdles the community faces, provide an insider’s perspective of this emerging technology, and discuss his experience working with blockchain innovators, VCs, and entrepreneurs from across the country. Regulatory uncertainty is largely seen as one of the biggest hurdles for blockchain development and adoption. The NEO community’s attempt to work with regulators and create consensus with authorities from across the world is part of the reason it is seen as one of the most viable and developer-friendly projects in the crypto industry. Erik Zhang said: “NEO’s goal is to have the ability to run large-scale commercial applications. The technology development of the blockchain will eventually land in practical applications, and we hope to serve the goals of the smart economy” Anyone interested in participating or supporting the event can email: devcon@neo.org Early bird tickets are on sale now for $149 and are available until January 15th. Full price tickets will be $299. More information can be found at devcon.neo.org The post Accenture Among Tech Heavyweights Attending Neo’s Second Devcon in Seattle appeared first on NullTX.
NullTX

New Accenture Report “Fueling India’s Skill Revolution” Touches On Blockchain Talent Growth

India Needs New Skills For Digital Revolution India is ripe for digital revolution. However, for this dream to become a reality, there need to be several structural changes in the economy of the nation. Perhaps one of the areas which need to be addressed is the field of skills. Even though the nation is ready for digital take-off, there still exists a huge skill gap in the country. The effects of this on the Asian giant’s economy are devastating. Reports indicate that if this issue is not corrected, the nation is at the risk of losing close to $2 trillion on a yearly basis. Loss Of investors Perhaps the nation has already begun feeling the heat. Currently, many international investors have given up their hopes of conducting business in the country since the government has not given clear guidelines on how to go about embracing digital technology. The government still employs punitive measures which are not attractive to the investors. The Potential Of Digital Currencies One of the areas which have a lot of prospects in the area of digital technology is the field of cryptocurrency. A majority of the nation’s huge population is willing to adopt this new technology. What is lacking is the goodwill from the nation’s banking sector regulator; the Reserve Bank of India. If the regulator gives the nod to the adoption of digital currency, then the country will open up several opportunities not only to the vast population, but also to international investors. It is no doubt that India is ready for modern technologies such as Artificial Intelligence, blockchain and augmented/virtual reality (AR/VR). Already, the public has shown a lot of interest in these efficient technologies. What is lacking is the policy framework. With the right skills and goodwill from the government, then the nation will embrace a new era of massive adoption of these technologies. These skills go hand in hand with basic human abilities such as creativity, ethical judgment, and critical reasoning.
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AI & Blockchain Accelerating Each Other's Growth; Gopher Protocol, Inc. (OTCQB: GOPH), Accenture

POINT ROBERTS, Wash., Nov. 27, 2018 (GLOBE NEWSWIRE) -- Investorideas.com a global investor news source covering Artificial Intelligence (AI) and blockchain issues a sector snapshot of how the two technologies are synergistically building momentum. As the Artificial Intelligence and blockchain technology markets independently garner much attention and hype, they are complimenting and accelerating each other's already rapid growth. An article from Forbes titled: Can AI Bank On Blockchain To Power Science & Medicine's Future Progress? makes the case that as the application and reach of Artificial Intelligence in the healthcare and medicine field grows, it puts excessive demands on current resources. Blockchain technology can make the use of resources more efficient to reduce a potential "ceiling on innovation". ...blockchain or Distributed Ledger Technologies (DLT) are touted and looking to offer a solution with more effective resource-consolidation and dissemination, which can help AI do more by being a reliable source of power to draw from. The article quotes COO of blockchain and crypto marketing company Savii Digital, Siim Õunap on how crypto was devised in part to address the resource-consolidation problem encountered with AI: "One of the little-known reasons behind the creation of the Bitcoin protocol was to get enough computing power to solve complex mathematical problems that no one computer could by itself," he said. "As the process went on, it evolved and virtual currency was born. Even though computing power was used for something else, it created an ideal solution to combine hardware efforts to power among other things, AI and IoT. Now, almost a decade since it first started, it can be seen being used widely by many companies and I believe that this is just the beginning." This point is echoed by Professor Andrew K. Hacker of Harrisburg University, and founder of Thought AI. "Blockchain technologies hold the promise of adding structure and accountability to AI algorithms and the quality and usefulness of the intelligence they produce," he said. This is borne out in a report from Accenture ((ACN) titled: Powered by Blockchain: Realizing AI's Full Potential. The report claims that blockchain is the ...Full story available on Benzinga.com
Benzinga

New Accenture Study Forecasts End to 'Lucrative Inefficiencies' for $1 Trillion Capital Markets Industry as It Adapts to the Digital Age

Wealth and asset managers generate most of the industry's profits but struggle to find scale efficiencies and are highly exposed to squeeze scenarios A new study from Accenture (NYSE:ACN) shows how the capital markets industry can wring out historical inefficiencies in its business model — inefficiencies that were acceptable in order to grow rapidly and capture market share — as it now faces digital disruption and struggles to overcome fragmented cost structures and create shareholder value. The report, titled "Capital Markets Vision 2022," is based on Accenture's proprietary financial analysis of the capital markets industry and on interviews with executives at leading industry firms. Among the key findings: Wealth and asset managers generate 90 percent of overall industry economic profits (profit after taxes and cost of equity) but are ineffective at achieving scale efficiencies and should prepare for down-market scenarios, with shrinking margins. Investment banks, meanwhile, show a diverse picture: Only some institutions — both large and small — are earning 10 or more cents on the dollar in economic profit, while many others are not earning their cost of equity. And traditional market-infrastructure players' revenues are now rivaled by those of emerging cryptocurrency exchanges. Lucrative Inefficiencies Capital markets firms collectively earn about US$1 trillion in annual net revenue, which translates to more than US$100 billion in economic profit, according to Accenture analysis. But as shareholders, regulators and customers continue to exert pressure on them to deliver higher value at lower cost and as quantitative easing tapers off, fee pressures will place an ever-greater burden on the industry to resolve its once-lucrative inefficiencies, the report shows. "Some expect the capital markets sector to normalize again and resemble itself before the financial crisis, but our outlook for the years ahead is very different," said Michael Spellacy, a senior managing director at Accenture who leads its Capital Markets practice globally and co-authored the report. "This industry still leans heavily on historically ‘lucrative inefficiencies,' when there was little incentive to change the status quo because the industry was generating such strong profits. But unlike in other sectors, the core business of capital markets accounts for a very small fraction of its cost bases — and in an era of rapid digital innovation, ...Full story available on Benzinga.com
Benzinga

Blockchain Software Asset Management Application Announced By Accenture

Professional services giant Accenture has introduced a new software asset management (SAM) application based on distributed ledger technology (DLT). The new application is aimed at simplifying the traceability of Accenture’s software licenses and improving the asset management lifecycle. The application was developed using Digital Asset’s (DA) blockchain platform, which uses distributed ledgers to execute complex, multi-party business processes in a cryptographically secure environment. The new SAM tool is utilizing the DA platform’s Digital Asset Modeling Language (DAML) to model and enforce software license events throughout their lifecycle, from origination to purchase, which simplifies tracking, usage and audit functions. The application will allow organizations to lower businesses cost and reduce risks as well as have better transparency to the distribution and utilization of licenses. “We manage a significant portfolio of software licenses across businesses, clients and geographies, which demands relevant policies and procedures supported with the right technology,” said Melanie Cutlan, senior principal, Accenture Operations blockchain lead. “While software asset tracking and management tools have evolved, it can still be a daunting task for any large organization to manage. The power of DLT will simplify the traceability of these licenses, and, therefore, the auditing function so all can see where each license is assigned. This has the potential to save organizations millions of dollars per year in the management of their software license portfolios.” DAML is a domain specific language built specifically for distributed ledgers that is capable of expressing any right or obligation, including cash, securities and derivatives, whereby the code defines the considerations between parties and determines how these contractual relations can evolve over time. It simplifies the task of writing smart contracts and contains guardrails to protect against delivering contracts that can produce unpredictable results. Chris Church, chief business development officer at Digital Asset, said that the application shows that DAML and DLT can deliver significant operational efficiencies to use cases beyond financial services. He added that the new software asset management capabilities will be added to the platform in its next release. “The delivery of this application also represents a tremendous milestone for us since this is the first application built for a non-financial use case to go into production on the Digital Asset Platform.”
BlockTribune

Accenture Rolls Out a New Software License Management App Based on Blockchain

CoinSpeaker Accenture Rolls Out a New Software License Management App Based on Blockchain To effectively conduct various transactions and attract more customers, companies purchase different software licenses for their staff to use and incorporate them in software for clients. Bit it’s not an easy thing to monitor licenses and make sure that an entire category of Software Asset Management (SAM) tools exist. Accenture, global management consultancy company, has come up with the solution. Accenture has announced a blockchain-based application that delivers enhanced enterprise software asset management capabilities. According to the press release, the new app uses Digital Asset’s smart contract language, DAML, to model and enforce software license events throughout their lifecycle, from origination to purchase, which simplifies tracking, usage and audit functions. The company has to manage a lot of software licenses for various customers — including businesses — all around the world, that’s why Accenture has been looking for a technological solution that would underpin its procedures and policies. As Accenture states, the innovation is going to be one of its first DLT-based solutions. The company has chosen distributed ledger technology, not centralized database, as blockchain can make it easier to monitor licenses and improve the auditing process. Accenture will be able to see which customer got a license, which can help the company save plenty of money and avoid lots of paperwork annually. Melanie Cutlan, senior principal and Accenture Operations blockchain lead, said: “We manage a significant portfolio of software licenses across businesses, clients and geographies, which demands relevant policies and procedures supported with the right technology. While software asset tracking and management tools have evolved, it can still be a daunting task for any large organization to manage. The power of DLT will simplify the traceability of these licenses, and, therefore, the auditing function so all can see where each license is assigned. This has the potential to save organizations millions of dollars per year in the management of their software license portfolios.” Chris Church, chief business development officer at Digital Asset, commented on the initiative: “The delivery of this application also represents a tremendous milestone for us since this is the first application built for a non-financial use case to go into production on the Digital Asset Platform.” According to Accenture, the app is patent-pending. The company believes that it will effectively allow organizations to reduce the risk of utilizing unlicensed software or failure to comply with license use terms. Moreover, it is expected to ensure transparency in distribution and utilization of licenses. Accenture to Foster Blockchain Adoption Accenture is the world’s leading professional services company. Accenture provides unmatched services in strategy, consulting, digital, technology and operations. Partnering with more than three-quarters of the Fortune Global 500, Accenture is driving innovation to improve the way the world works and lives. With expertise across more than 40 industries and all business functions, the company delivers transformational outcomes for digital world. Recently, Accenture developed a two-way solution that empowers major blockchain platforms to work together without changes to the DLT platforms or ongoing messaging between the different platforms. Accenture is going to continue testing its technology solutions to establish integration effectiveness between other leading DLT platforms and further foster blockchain adoption. The company has already filed three patent applications for major elements of the underlying technology used in the integration solution and is set to apply blockchain to upgrade its logistics network. Accenture Rolls Out a New Software License Management App Based on Blockchain
Coinspeaker

Consulting Company Accenture Deploys DLT Platform for Software License Management

Consulting Company Accenture Deploys DLT Platform for Software License Management Global management consultancy firm Accenture has deployed a distributed ledger (DLT) platform created to manage and track software licenses, a press release reveals Monday, Nov. 12. To develop the solution for software management, Accenture has partnered with Digital Assets, a U.S.-based company providing DLT products […] Cet article Consulting Company Accenture Deploys DLT Platform for Software License Management est apparu en premier sur Bitcoin Central.
Bitcoin Central

Accenture, Digital Asset Create New Software to Use Blockchain for Software License Management

Accenture, a global professional services giant, has recently released a new software license management application that was created using the blockchain technology together with Digital Asset, a tech startup. The company has announced that this app will use a new smart contract language called DAML and that its main goal is to simplify how software licenses are tracked. The product is one of the first blockchain solutions that was built by the company, according to its representants. The company is currently managing a large portfolio of different products and blockchain products are a very important niche for them. According to the company, new blockchain-based apps are expected to improve the quality of the products created by the company and especially to track and simplify many processed. This product will be a great asset for the companies who need to manage large databases, the company believes. The company affirms that the power of the blockchain technology will greatly improve on simplifying the traceability of the licenses and this would help in auditing them all. At the moment, this new technology is patent-pending and the company affirms that it can be used to effectively allow organizations to reduce the risk they face when they use unlicensed software or fail to comply with license use terms. It is also expected to boost the transparency of the processes.
Bitcoin Exchange Guide

Accenture deploys software license management app on Digital Asset’s DLT platform

CryptoNinjas Accenture, a global professional services company has completed its first transactions using a distributed ledger technology (DLT)-based application that delivers enhanced enterprise software asset management capabilities. The new application uses Digital Asset’s smart contract language, DAML,... Accenture deploys software license management app on Digital Asset’s DLT platform
CryptoNinjas

Accenture Puts Software License Management on a Blockchain Platform

Accenture Puts Software License Management on a Blockchain Platform Global professional services giant Accenture has rolled out a new software license management application built with tech from distributed ledger startup Digital Asset. Accenture announced in a press release Monday that the blockchain-based application uses Digital Asset’s smart contract language, DAML, and is aimed to simplify… The post Accenture Puts Software License Management on a Blockchain Platform appeared first on Altcoin Today.
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Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX

After partnering up with the firm behind the second largest coin XRP [XRP] Ripple as one of the +200 costumers, Mercury FX announced via their official twitter handle that they transacted their largest payment across RippleNet with a positive conclusion. 1/1 We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds. pic.twitter.com/WsHJuZTiOy — Mercury-fx Ltd (@mercury_fx_ltd) January 17, 2019 Using XRP, the firm transferred £3,521.67 or $4,552.41 while they cited that UK based Mustard Foods was able to save £79.17 and 31 hours on the transaction. Mustard Foods could be one of the best examples of the impact of using RippleNet could have as it opened doors to cheaper expenses, quicker orders and faster payments. As covered by John P. Njui on EWN a few days ago, The Ripple company has announced via its website that 13 new financial institutions have joined RippleNet thus propelling the number of total global customers to over 200. RippleNet currently operates in 40 countries across 6 continents. Out of the 13 aforementioned financial institutions, 5 are confirmed as using XRP to source instant liquidity for their cross border payments. The are JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank. By the end of this year [2018], major banks will use xRapid as a liquidity tool. By the end of next year [2019], I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity. – Brad Garlinghouse The success behind the team from Ripple could be standing by their marketing strategy and future plans of making the financial industry a better place to be. While not displacing traditional banking systems but helping them make payments cheaper and faster, it is finding its way to take spotlight in the crypto-verse. The post Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX appeared first on Ethereum World News.
Ethereum World News

BRD Wallet Expands Crypto User Access Across Europe With Coinify Partnership

Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area (SEPA). The SEPA region is a collection of member states in Europe who are part of a payment system that simplifies bank transfers denominated in EUR. The launch is also enabled largely in part by Coinify’s newly rebranded trading solution for wallet partners.Customers will now be able to use BRD Wallet to “purchase bitcoin at cost-efficient rates with SEPA bank transfers” within Coinify’s trading platform. With BRD integration, customers will also retain control over their private keys while using Coinify.Essentially, this provides a large number of users with an efficient and secure way to buy bitcoin and other cryptocurrencies, and then allows them to immediately store it in a manner where they control what happens to their money. Typically, a user will entrust the custody of their private keys to a centralized exchange while they are waiting for trades to be executed and sometimes for much longer than that.Aaron Lasher, co-founder and chief strategy officer at BRD, highlighted the advantages of the integration for security-focused users of the Coinify platform.“We like exchanges and think security will get better in the future, but by using our integrated purchase and trading solutions, you get to keep your funds under your control 99 percent of the time, and only put them at a slightly higher risk for a short period when you make the exchange,” Lasher told Bitcoin Magazine.“Using a non-custodial wallet means that you and you alone control your funds. It’s similar to having physical cash in a (highly secure) safe at home. Only in this case, we provide our customers a digital safe (the BRD wallet) that they can keep in their pocket and carry along. Nobody else in the world has access to your funds but you, and nobody can stop you from sending or receiving funds.”Integrating a wallet that allows users to own their funds and seamlessly make trades on a platform like Coinify could help to push bitcoin adoption forward."The financial industry is ripe for disruption and we see bitcoin and the other virtual currencies as the future of payments,” said Rikke Stær, chief commercial officer at Coinify, told Bitcoin Magazine. “At Coinify, we have experienced first-hand the rising adoption of bitcoin and working with BRD as a user-friendly, decentralized wallet will only encourage the global reach of the currency."“Since launching as the first iOS bitcoin wallet in the App Store over 4 years ago, we’ve grown tremendously in North America,“ Adam Traidman, CEO and co-founder of BRD, said in a statement. “Europe will be strategic in the next phase of BRD’s global growth, and the partnership with Coinify will ensure our success in this crucial endeavour.”In August 2018, Canadian-based Coinberry exchange launched a similar BRD integration, allowing users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times. This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms of transaction fee revenue. […] Cet article Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 est apparu en premier sur Bitcoin Central.
Bitcoin Central
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