Deloitte Luxembourg is now a Tezos Corporate Baker

Deloitte Luxembourg has just taken a significant step forward in its commitment to the blockchain industry by announcing its role as a Tezos Corporate Baker. This strategic partnership not only solidifies Deloitte’s presence in the Web3 space but also reinforces its engagement in Tezos governance and protocol development.

In a world where blockchain technology is poised to transform industries and redefine business models, Deloitte Luxembourg’s decision to become a Corporate Baker holds immense significance. As a Corporate Baker, the firm will be entrusted with the crucial responsibility of validating, securing, and adding transactions to the Tezos blockchain.

The move underlines the growing recognition of blockchain’s efficiency and its potential to drive innovation, create new revenue streams, and ensure the secure and transparent flow of data. Blockchain technology is gaining traction across various sectors, from finance to supply chain, and is increasingly seen as a catalyst for change.

Deloitte Luxembourg, equipped with its “Blockchain Institute,” has been at the forefront of blockchain and Web3 technology for the past decade. With a deep well of expertise, the institute has guided over 450 companies in developing tailored Web3 solutions to meet their evolving technological and business requirements.

Since the inception of its dedicated blockchain division in 2015, Deloitte Luxembourg has provided training, strategic consultancy, and prototype development services to a diverse range of organizations.

The decision to become a Tezos Corporate Baker is not only a testament to Deloitte Luxembourg’s commitment to the blockchain space but also a sign of its dedication to strengthening Tezos as a blockchain platform.

Deloitte will play a pivotal role in Tezos governance and protocol development, contributing to the security and verifiability of the network.

Tezos, which celebrated its fifth anniversary in June, has undergone 14 upgrades, with the Mumbai upgrade in March marking a milestone in the platform’s overall processing power, surpassing one million transactions per second.

The Nairobi upgrade, deployed in June, introduced several enhancements to the Tezos economic protocol, including a notable up to 8-fold increase in transactions per second (TPS) and new functionalities for Smart Rollups.

Sébastien Genco, Partner at Deloitte Luxembourg, said: “We are happy to play an active role in such an ambitious initiative, which reinforces our collaboration with Tezos and reaffirms Deloitte’s intention to be at the forefront of the blockchain revolution.”

Louis Chevalier, Adoption Manager Benelux at Nomadic Labs, applauded Deloitte Luxembourg’s decision to join as a Corporate Baker, saying, “We are proud to count Deloitte Luxembourg among our Corporate Bakers. It’s a great opportunity for the ecosystem to benefit from the expertise of one of the world-class leaders in its field that has always made blockchain technology part of its experience and DNA.”

The partnership between Deloitte Luxembourg and Tezos reflects a broader trend in the business world where established firms are recognizing the transformative potential of blockchain technology and actively engaging in blockchain platforms.

Read Also: Luxembourg Parliament allows issuance of Dematerialized Securities using blockchain technology

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• Source: https://alexablockchain.com/deloitte-luxembourg-tezos-corporate-baker/