Hong Kong, 13 November 2018 - PwC Hong Kong is collaborating with Loopnest to launch a joint blockchain-themed accelerator programme (“the Programme”). The joint initiative will equip participants admitted to the programme with valuable expertise that will enable them to understand blockchain, and learn how to effectively put the technology to use.
Under the Programme, Loopnest will provide guidance on blockchain and distributed ledger technology, business models, and security token offerings in the emerging digital economy. PwC Hong Kong will offer advice and recommendations spanning governance, risk, controls, tax and compliance.
“We are keen to get our work with Loopnest on this Programme underway. The joint endeavour demonstrates our continuous commitment to embrace disruptive change, nurture talent and equip forward-looking individuals with the means to flourish in the new digital economy.” Said William Gee, PwC China / Hong Kong Risk Assurance Emerging Technology Leader.
The launch of the Programme comes at a time when interest in blockchain is growing, with ongoing innovations in how the technology is adopted and impacts business operating models. Since Bitcoin was first conceived in 2008, blockchain has grown to become one of the most significant disruptors of industries, especially where transactions and communication between parties need to interact and align. Adoption of the technology in financial services and other industry sectors is well underway, with initiatives around the globe embracing the innovative technology. In Hong Kong, a number of high profile initiatives are close to deployment.
“We are excited to have PwC supporting the Programme. With PwC's established expertise in the field of governance, risk and controls, as well as specialist input in tax and regulatory aspects, participants to the Programme can have access to technical advice, as well as important non-technical components that address transparency and accountability in the digital ecosystem," commented Terence Lam, Co-Founder & CEO of Loopnest, “we have no doubt that PwC's involvement will help enhance the level of trust in this emerging economy.”