It is revealed today (Thursday September 28) that Etch (www.etch.work), a UK business hosting an Initial Coin Offering (ICO) that runs until Wednesday October 18 2017, is receiving support from one of the world’s ‘big four’ accountancy firms, KPMG.

Chris Mills, Head of Blockchain for KPMG UK said, “Etch is a superb initiative because it provides guaranteed payments in real-time for all work completed, something that no other platform is currently known to achieve.

“There are clear and immediate benefits, particularly for low and average income workers, who make up the clear majority of the population.

“Etch stands out as it leverages blockchain, mobile and digital technologies in a customer-friendly way.  It uses smart technology to power intuitive apps that deliver exactly what’s needed in a simple and neat format for those most in need of cash flow. 

“What’s also noteworthy is that Etch has an exceptionally strong delivery team who are well placed to deliver long term growth plans.” 

Etch is the first approved decentralised app (dapp) created with the support of the London-based Construction Blockchain Consortium, a group of leading UK champions of disruptive technology who are transforming the building environment.  The Etch platform is particularly applicable to the construction industry where the payment system can be complex and late payments can cripple otherwise successful businesses.