Recently, one of the top four auditing and consulting companies in Canada announced a new partnership. Deloitte published an announcement about working with the RiskBlock Alliance on September 25, 2918. According to its revenue, Deloitte is the biggest professional services company in the world. RiskBlock Alliance is a blockchain alliance that is based out of the United States. It was originally started in 2017 with the goal of finding ways to use blockchain technology within the insurance industry. Since the company was started, it has already garnered more than 30 participants from the industry. Based out of London, Deloitte is going to help RiskBlock Alliance using its current blockchain-related abilities. Deloitte will be trying out several of the products in 2018. It will also help RiskBlock Alliance move into the Canadian market. The first step will be to set up a legal entity in the company to work with insurers. By doing this, the companies will be able to increase the adoption of blockchain technology among global insurers. Deloitte is already a leader when it comes to distributed ledger and blockchain technology. Over the years, the company has worked to build strong relationships with insurers and blockchain companies around the world. Because of this track record, Deloitte was a clear collaborator for RiskBlock Alliance. They also have 1,500 blockchain practitioners placed in 33 countries around the world. The new partnership will help them expand their global role in creating applications and developing blockchain technology. One of the expected projects will be a blockchain app for members of the consortium. It will include different processes that cover the transaction life cycle in the insurance industry. Ultimately, this app will be provided through Canopy because Canopy is already used by insurers for distributed ledger technology. The new partnership has strategic value for RiskBlock Alliance and Deloitte. Through the project, different stakeholders in the insurance industry can benefit from a shared network. If blockchain technology continues to pay off in the insurance industry, it may be used by the entire financial industry before long.