KPMG LLP has announced a blockchain leadership to drive and expand the firm's blockchain strategy across its core lines of business – Tax, Audit, Advisory and Industries. Arun Ghosh has been named the firm's US Blockchain leader, and David Jarczyk and Erich Braun have been named the US Blockchain Tax and Audit leaders, respectively.
KPMG has dedicated blockchain specialists in 30 countries around the world that work with companies in industries including financial services, healthcare and life sciences, industrial manufacturing, telecommunications, retail, technology, among others.
KPMG said that in addition to solving business issues with blockchain, companies need to account for the complex regulatory, tax and trade, auditability, risk and compliance implications that come with any global transaction and exchange. The company said that its blockchain approach integrates financial management, digital transformation, and industry subject matter proficiency to provide businesses with comprehensive guidance on blockchain, from strategy to implementation.
“The experimentation phase for blockchain is coming to a close with companies now embarking on the execution phase. It is much more than a technology, serving as a global transaction platform that requires an intimate knowledge of tax, global trade tariffs, financial risk implications, and core operations,” said KPMG.
“Arun has extensive experience driving business value by leveraging blockchain, analytics, automation and artificial intelligence for high-tech, industrial manufacturing and life sciences organizations. This includes delivering enterprise-wide transformation programs across commercial, operations, R&D, manufacturing, and supply chain business functions,” said consulting firm.
“David assesses the complex tax and finance implications of blockchain. He has vast experience in determining market needs in response to tax reform and changes, implementing technological requirements, creating unique data analytics offerings, and developing go-to-market strategies,” said the company.
“Erich assesses blockchain technology and its impact on organizations and on KPMG's Audit practice. He also understands how companies are utilizing blockchain technology and its influence on audit procedures,” said consulting firm.
