Deloitte Luxembourg announced its decision to become a Tezos corporate baker on 12 October 2023, undertaking responsibilities related to validating, securing and appending transactions to the Tezos blockchain and exploring synergies in Web3-related topics with other ecosystem stakeholders.
The decision to become a Tezos corporate baker marked a significant foray into blockchain technology, according to the statement by Deloitte. Blockchain technology has notably transformed businesses, primarily through its ability to support new business models, create alternative revenue streams and ensure secure, comprehensive data flow tracking and ngaging in the Tezos blockchain ecosystem could be seen as a logical progression, stated the company.
The Tezos blockchain, which celebrated its fifth anniversary in June, has undergone 14 upgrades aimed at enhancing its functionality and operational efficacy. The ‘Mumbai’ upgrade in March enabled a substantial expansion in its overall processing power, surpassing the significant milestone of one million transactions per second. Subsequently, the ‘Nairobi’ upgrade in June introduced multiple improvements to the Tezos economic protocol, including up to an eight-fold increase in the number of transactions per second and new functionalities for smart rollups.
In its announcement, Sébastien Genco, partner at Deloitte Luxembourg, expressed satisfaction in participating in this initiative, which not only strengthens collaboration with Tezos but also reinforces Deloitte’s commitment to remaining a key player in the blockchain evolution.
Louis Chevalier, adoption manager Benelux at Nomadic Labs, welcomed Deloitte Luxembourg into the group of corporate bakers. He noted that incorporating a global leader like Deloitte, known for consistently integrating blockchain technology into its operational approaches, provides a valuable opportunity for the entire ecosystem to benefit from the ensuing expertise and experience.