Chainlink Labs announced on Wednesday that it had partnered with PriceWaterhouseCooper Germany to boost the adoption of its enterprise-grade blockchain technologies.
The collaboration will see Chainlink Labs PwC Germany’s partner companies hoping to leverage blockchain technologies. PwC will advise such firms with its knowledge of Web3 regulations and technologies in the joint venture via Chainlink’s blockchain middleware.
PwC Germany (@pwc_de) has entered into a strategic collaboration with @ChainlinkLabs to accelerate enterprise #blockchain adoption.— Chainlink (@chainlink) March 22, 2023
This collaboration supports enterprises in seamlessly interfacing with blockchains via #Chainlink’s secure middleware: https://t.co/VkSPNUS7Vg pic.twitter.com/b69gHXFM20
The news comes amid a push for blockchain and smart contracts—Web3 technologies designed to empower industry 4.0, despite technical challenges. Issues such as secure connectivity and blocked interoperability continue to limit the capabilities of most on-chain firms and networks.
PwC Germany has expertise with its in-house blockchain technologies, which include Blockchain Explorer and Transaction Analyzer (BETA), Smart Contract Formal Verification Framework, Tokenization Framework, Travel Rule Integration, and Digital Asset Valuation Model.
The joint venture will also facilitate technological assessments and strategies, consultation, ecosystem management, and others, as outlined in PwC’s recent report.
Dimitri Gross, Technology Interest Group lead for digital assets and crypto for PwC Germany, said: “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.”
William Herkelrath, managing director of business development at Chainlink Labs, added the strategic collaboration would “help enterprises securely connect their existing systems to all major blockchain networks.
He concluded: “By interacting with the blockchain economy through Chainlink, enterprises can begin realizing the transformative power of smart contracts and blockchain oracles.”