KPMG has officially launched a blockchain-based track and trace platform in Australia, China and Japan. The tool is designed to increase transparency and traceability of processes in multiple industries such as agriculture, manufacturing and financial services, the firm announced on Nov. 28.
The official launch of KPMG Origins in Australia, China and Japan comes after successful pilot implementations with clients in those countries, as per the press release notes.
Incorporating several emerging technologies like blockchain and the Internet of Things, KPMG Origin intends to improve supply chain processes. The platform enables trading partners to communicate product data across their supply chains to end users while reducing operational complexities, KPMG stated.
KPMG Origins’ trial participants include the SunRice, one of Australia’s largest branded food exporters, Canegrowers, a peak body for Australian sugarcane growers, and vineyard Mitchell Wines.
As per the latest reports, Big Four companies — Deloitte, PwC, EY and KPMG have expressed strong interest in blockchain technology implementations. As the firms’ public and private audits have reportedly accounted for more than 50% global audits in 2018, the Big Four’s activity in crypto and blockchain could indicate the state of global blockchain adoption.