The new KPMG Chain Fusion product lets customers manage their data in compliance with regulations around financial reporting, security, and processing needs. The suite allows institutional clients to collect and organise data from both traditional systems as well as blockchain databases.
Chain Fusion’s core service essentially creates a standardised data model for all transactions that an organisation conducts, regardless of whether they are an on-chain/off-chain blockchain transaction or a traditional fiat one, according to CoinDesk.
This allows these entities to run ‘advanced analytics’ on the data. One example is ensuring that the data on a blockchain matches the information recorded on an entity’s books. Other challenges included finding ways of being able to pull data from databases, including blockchain information, and still be able to run queries.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.