According to the official press release, the digital identity leader, Attest Inc, and the top 4 accountancy companies will be working in partnership to develop a blockchain-based identity system to provide a suitable solution for governments and clients of Deloitte.
According to the Managing Director of Deloitte Consulting - Wendy Henry, digital identity is a real issue for governments, especially when there is blockchain technology involved.
The first product to be offered to Deloitte’s customers is the Attest Wallet. Similar to other cryptocurrency wallets Attest Wallet would store digitized versions of business and governmental IDs in a quick, secure, and accessible everywhere wallet.
The second offering from the joint venture would be the Attest Enterprise. The software package is comprised of two APIs, which give government customers quick verification of their identity, as well as giving third-party organizations rights to manage their personal data on their behalf.
According to the co-founder and CEO of Attest – Cab Morris, a government-issued digital ID will eliminate the need for plastic ID cards and driver’s licenses. Furthermore, if a given government decides to use digital identity, they can ensure fast, secure, and reliable personal data management.
This is not the first time Deloitte forms co-operations with other companies. In September the accounting leader announced it would help the RiskBlock Alliance blockchain consortium to expand into the United States and Canada. RiskBlock is set to establish a legal entity in Canada and start partnering with various insurance companies. Deloitte’s role is to assist in designing the methodology, development, and prioritization of blockchain apps.