One of the largest professional services firms in the world, Ernst Young (EY) has announced that it will be hiring 2,000 employees in the next three years. The plan is to develop its digital solution services in fields including blockchain technology.

In 2016, EY predicted that large-scale implementation of blockchain technology would take at least three to five years. The firms that invest, experiment and adapt the Distributed Ledger Technology (DLT) will be able to gather the rewards of early adoption.

Ram Sarvepalli, EY India head of advisory services said that the digital services team in India would be developing the blockchain projects for corporate and government customers. The team includes in the fields such as analytics, automation, artificial intelligence, and tax technology.

Mr. Sarvepalli said:

“There is significant capital available for new startups, and big Indian companies are investing in digital. The government is heavily investing in digital from a citizen services perspective. Many of the traditional customer-oriented industries are trying to find models which allow access to customers to tier-two, tier-three towns from a digital perspective.”

There are regulatory changes such as GST coming in and e-filing and automation of central and state government departments. The firm will be adding 600 employees every six months in analytics and hired 700 people in the last 18 months for digital governance jobs.

EY already has more than 2,200 people working on digital and technology solutions in India. Indian growing economy will be able to adopt these technologies under the development of EY as it has planned to place thousands of new workers in the field over the next three years.