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Ernst Young, one of the largest professional services companies in the world, will hire 2,000 employees in India over the next three years as part of his plan to develop its digital solution services in a number of domains including blockchain technology.
EY invests $ 1 billion to expand into Blockchain, AI
EY, which in 2016 predicted that the large-scale implementation of blockchain technology would take at least three or five years, in a report states that companies that invest, experiment and adapt to DLT will then be able to reap the fruits of early adoption.
The digital service team in India will be in charge of developing blockchain projects for corporate and government customers. Other sectors include analysis, automation, artificial intelligence and tax technology, Ram Sarvepalli, head of EY India's consulting services, told the Economic Times.
"C & # 39; is a significant capital available for new start-ups and large Indian companies are investing in digital," added Sarvepalli. The government is investing heavily in digital from the point of view of citizen services. Many of the traditional customer-oriented industries are trying to find models that allow customer access to second tier cities, level three, from a digital perspective. There are regulatory changes like the incoming GST and the e-filing and automation of central and state government departments … all this is causing a great opportunity and the need to recruit digital talent ".
EY is adding around 600 employees every six months in analysis and has hired about 700 people in the last 18 months for digital governance work. Globally, investment in new technology solutions will reach $ 1 billion over the next two financial years.
Related reading: The Indian government announced the cryptocurrency regulation next month
The company already has more than 2,200 people working on digital and technological solutions in India, with 25% of recruits coming from a background of STEM (Science Technology Engineering Maths).
Ernst & Young (EY), one of the "Big Four" utility companies, was one of the first to adopt blockchain technology. He recently announced the launch of his EY Ops Chain Public Edition (PE), which allows companies to benefit from private transactions on a public blockchain. The solution uses the ZKP (zero-knowledge proof) structure, which offers unprecedented protection during communication.
With blockchain workshops in London and Paris, the company is also developing tracking capabilities using DLT technology called EY Blockchain Private Transaction Monitor. The booming Indian economy will be able to adopt these technologies in development as EY plans to place thousands of new workers in the sector over the next three years.
A booming business for EY is also the auditing of services of cryptographic companies. Big Four accounting firms, which include EY, are hiring blockchain specialists to meet the new demand.
Shutterstock foreground image.
