Chainlink and PWC Germany Enters Strategic Partnership to Boost Enterprise Blockchain Adoption

  • Chainlink and PwC Germany have entered 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 entered into a strategic partnership with the German subsidiary of Big 4 accounting firm, PwC. According to the press release shared by the protocol, the partnership will be tailored toward the development and advancement of enterprise blockchain integration.

Per the partnership details, Chainlink will work directly with companies associated with PwC Germany who is interested in embracing blockchain technology but without the expertise required. This expertise is classified into the development of smart contracts and enterprise node operation.

As a mutually beneficial relationship, PwC will contribute its technical expertise as well as its understanding of the regulatory environment to bolster the whole initiative. The PwC Germany contribution will serve as a lever to help firms develop smart contracts with compliance as the underlying basis. Dimitri Gross, Technology Interest Group Lead for Digital Assets and Crypto at PwC Germany said:

We’re pleased to enter into a strategic partnership with Chainlink Labs as integration & development partner to help accelerate the enterprise adoption of blockchain technology.

PwC Germany and Chainlink Labs aim to help accelerate enterprise adoption of blockchain technology in key enterprise sectors such as capital markets, ushering in a new era of transactional 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 afford companies to leverage the technological expertise of both Chainlink and PwC Germany to develop bespoke blockchain solutions using the decentralized oracle middleware as a lever.

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Partnerships such as this have been tagged as one of the key models in which Chainlink hopes to drive the mainstream adoption of its technology and by extension, blockchain.

Expanding the PwC and Chainlink Influence

The partnership between both firms will serve as an opportunity to bolster 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 offerings are still largely unrivaled in the crypto ecosystem today.

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Chainlink will use the move to deepen its reach in Germany and across all of Europe.

“We’re excited to support PwC Germany through this strategic collaboration, which will help enterprises securely connect their existing systems to all major blockchain networks,” stated William Herkelrath, managing director of business development for Chainlink Labs. “By interacting with the blockchain economy through Chainlink, enterprises can begin realizing the transformative power of smart contracts and blockchain oracles.”

While the Chainlink solution has been battle tested with many blockchain-based protocols, its easy adoption will now be felt by non-crypto native entities today. This current partnership will bolster the more than 12 integrations it has recorded thus far this year.

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About Author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.

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