Deloitte launches regional blockchain lab in Hong Kong

Deloitte has officially opened its Asia Pacific blockchain lab in Hong Kong.

In addition to formulating strategies, the Lab will implement and deploy Distributed Ledger Technology (“DLT”) for corporate clients across the region. DLT is used in a number of ways, including digital identity, digital banking, cross-border payments, trade finance and loyalty and rewards solutions. Hong Kong was chosen as the location for the regional Lab due to its status as a mature financial centre and trading hub, with demand for eco-system enablement through DLT. Other factors that played a role in the choice include Hong Kong’s supportive regulatory environment and a talented international workforce.