KPMG India and The Hashgraph Group (THG) have formed a strategic alliance set to drive the adoption of Hedera blockchain and distributed ledger technology (DLT) across enterprises. This collaboration promises to reshape how businesses approach blockchain solutions, potentially establishing Hedera as the go-to protocol for organisations in India and beyond. The partnership marks a significant step towards accelerating the growth of Web3 in the Indian market, which is quickly positioning itself as a global hub for blockchain innovation.
The announcement on January 28th, 2025, has generated considerable buzz within the blockchain community, particularly for Hedera (HBAR), the cryptocurrency associated with the network. As KPMG India, a leading professional services firm with a global footprint, teams up with THG, a venture capital firm based in Switzerland, their combined expertise and resources are expected to push Hedera’s adoption to new heights. This collaboration could accelerate the mainstream acceptance of Hedera’s distributed ledger solutions, opening up a myriad of opportunities for businesses looking to leverage blockchain technology for digital transformation.
KPMG India’s reputation as a prominent provider of audit, tax, and advisory services is already well-established, with the firm generating approximately $1 billion annually. It serves over 250,000 clients worldwide, contributing to the global KPMG network’s impressive revenue of $36 billion in 2023. By aligning with THG, KPMG India is not just looking at blockchain for its tech-savvy clients; it is positioning itself at the forefront of a wave of digital transformation that could define the future of business in India and globally.
Chaitanya Gogineni, a partner at KPMG India, expressed the excitement around the alliance, noting that the collaboration aims to build innovative DLT-led tools that would enable digital transformation for clients. This strategic alliance between a leading professional services firm and an innovative blockchain company like THG aims to empower businesses with cutting-edge decentralized applications (dApps). The potential applications for these tools span across various sectors, including asset tokenization, digital identity, supply chain management, sustainability, and digital product passports.
But what sets this partnership apart is the shared commitment to not just innovation but also the commercialisation of these solutions. KPMG and THG are pooling engineering resources, investments, and Web3 capabilities to ensure that Hedera-based solutions are enterprise-ready. Their focus is on bridging the gap between technological innovation and practical business implementation, creating solutions that can be seamlessly integrated into existing enterprise operations.
The combination of KPMG’s vast client network and THG’s technical expertise creates a powerful ecosystem for accelerating Hedera’s adoption. Hedera has been gaining traction in the blockchain space due to its speed, scalability, and security—attributes that make it well-suited for enterprise applications. It is one of the few layer-1 blockchains to provide high throughput while maintaining a decentralised network. As businesses increasingly seek blockchain solutions for everything from tokenization to supply chain management, Hedera’s potential for growth appears immense.
Hedera’s unique architecture allows for quick and low-cost transactions, making it particularly attractive to enterprises looking to leverage blockchain without the high transaction fees or delays commonly associated with other platforms. The ability to process thousands of transactions per second places Hedera in a strong position to compete with other layer-1 blockchains, and this strategic alliance could propel it even further into the spotlight.
Moreover, the growing demand for blockchain-based solutions that address pressing issues such as data security, privacy, and transparency adds further impetus to the partnership. By providing businesses with the tools to create secure, transparent, and immutable records, the alliance between KPMG India and THG could offer businesses across sectors an unprecedented opportunity to modernise their operations.
The partnership also includes a commitment to supporting a wide range of use cases, beyond just the innovation phase. By combining their resources, the two companies plan to focus on productization and the commercialisation of solutions that leverage Hedera’s DLT. This means businesses will not only gain access to the latest blockchain tools but will also benefit from the expertise required to scale those solutions and integrate them into their operations efficiently.
One of the most exciting aspects of this partnership is the potential for Hedera’s technology to power post-quantum enterprise solutions. With quantum computing on the horizon, businesses are increasingly looking for blockchain solutions that can withstand the potential challenges posed by quantum cryptography. Hedera is positioning itself as one of the leading blockchains capable of supporting post-quantum security measures, ensuring that businesses can continue to rely on its network as quantum technology evolves.
For THG, this collaboration presents a major opportunity to expand its reach within the enterprise sector, especially in India, a market that is rapidly becoming one of the most promising in the blockchain and Web3 space. As more Indian companies look to incorporate blockchain into their operations, THG’s expertise, backed by KPMG’s trusted presence, could significantly accelerate the adoption of Hedera-powered solutions.
Stefan Deiss, the co-founder and CEO of The Hashgraph Group, highlighted the significance of this alliance, stating that it marks a pivotal moment for both companies. By combining KPMG’s professional services capabilities with Hedera’s technological power, the partnership is poised to set a new standard for how enterprises can leverage blockchain technology for their digital transformation. This collaboration also places Hedera in a prime position to become the preferred distributed ledger protocol for businesses in India and across the globe.
The growing optimism surrounding Hedera is also reflected in its price movement. In the wake of the announcement, Hedera’s price saw an 8% increase, in line with the broader cryptocurrency market, which experienced a rebound as Bitcoin regained momentum. This rise in value is likely a signal of confidence in Hedera’s future prospects, particularly as more strategic partnerships like this one emerge.
For Hedera, this partnership could be the key to unlocking widespread adoption across multiple industries. From asset tokenization to digital identity management and sustainability solutions, the range of potential applications for Hedera’s blockchain is vast. As businesses increasingly recognise the value of decentralised technologies, this alliance could help position Hedera as one of the dominant players in the blockchain space.
In the coming months, as the collaboration between KPMG India and The Hashgraph Group continues to unfold, all eyes will be on Hedera to see how it can capitalise on this newfound momentum. With the backing of a professional services giant like KPMG and the innovative drive of THG, the future looks bright for Hedera and its expanding ecosystem of enterprise solutions.
The strategic alliance between KPMG India and The Hashgraph Group is more than just a business deal. It represents the coming together of two forces—enterprise expertise and cutting-edge blockchain technology—that could redefine the way businesses approach digital transformation. With Hedera at the centre of this collaboration, the potential for growth and innovation is vast, and we’re only beginning to scratch the surface of what’s to come.