Deloitte is opening its second blockchain lab to focus on providing blockchain-powered solutions for its clients in the financial sector.
One of the leading audit and consulting services providers, Deloitte, made its first investment in the blockcain-based startup as part of its initiative to diversify its business model.
The launch of Deloitte Lab seems to be a part of a global initiative aimed at employment of the blockchain in a variety of sectors.
Deloitte has decided to store warranties on a blockchain and allow users to buy insurance for items even after they have been purchased using Facebook Messenger API.
The new report of Deloitte describes how the blockchain technology can disrupt traditional financial industry.