Chainlink and PWC Germany enter into a strategic partnership
- Chainlink and PwC Germany have entered into a strategic partnership to promote blockchain adoption.
- The partnership is tailored to support non-native firms looking to embrace blockchain solutions.
Prominent blockchain-based oracle service provider Chainlink (LINK) has in into a strategic partnership with the German subsidiary of the Big 4 accounting firm PwC. According to the press release shared by the protocol, the partnership will be tailored towards the development and advancement of enterprise blockchain integration.
According to the partnership details, Chainlink will work directly with companies affiliated with PwC Germany that are interested in embracing blockchain technology, but without the expertise required. This expertise is classified in the development of smart contracts and the operation of enterprise nodes.
As a mutually beneficial relationship, PwC will contribute its technical expertise as well as its understanding of the regulatory environment to strengthen the entire initiative. The PwC Germany contribution will serve as a boost to help firms develop smart contracts with compliance as the underlying foundation. Dimitri Gross, Technology Interest Group Lead for Digital Assets and Crypto at PwC Germany said:
We are pleased to enter into a strategic partnership with Chainlink Labs as an integration and development partner to help accelerate enterprise adoption of blockchain technology.
PwC Germany and Chainlink Labs aim to help accelerate corporate adoption of blockchain technology in key business sectors such as capital markets, ushering in a new era of transaction security, transparency and efficiency. We are excited to empower businesses with the knowledge, integrations and solutions they need to seamlessly and securely interface with the growing blockchain economy.
The entire partnership will allow companies to leverage the technological expertise of both Chainlink and PwC Germany to develop customized blockchain solutions using the decentralized oracle middleware as a lever.
Partnerships like this have been marked as one of the key models through which Chainlink hopes to drive the mainstream adoption of its technology and by extension blockchain.
Expand PwC and Chainlink influence
The partnership between both firms will serve as an opportunity to strengthen their reach in the emerging blockchain ecosystem. While PwC is known for its investments and in-house blockchain solutions prior to this time, Chainlink is an oracle pioneer whose offering remains largely unmatched in the crypto ecosystem today.
Chainlink will use the move to expand its reach in Germany and across Europe.
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“We are pleased to support PwC Germany through this strategic collaboration, which will help businesses securely connect their existing systems to all major blockchain networks,” said William Herkelrath, Executive Director of Business Development for Chainlink Labs. “By interacting with the blockchain economy through Chainlink, businesses can begin to realize the transformative power of smart contracts and blockchain oracles.”
While the Chainlink solution has been battle tested with many blockchain-based protocols, its ease of adoption will now be felt by non-crypto-native entities today. This current partnership will strengthen the more than 12 integrations it has recorded so far this year.
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