Big Four auditing company Deloitte enters the partnership with AVA Labs to use Avalanche Blockchain - Blockchain
Big Four auditing company Deloitte enters the partnership with AVA Labs to use Avalanche Blockchain - Blockchain
On Tuesday, Deloitte, one of the Big Four accounting organizations, announced a strategic partnership with AVA Labs, the team behind the blockchain network Avalanche. According to the announcement, the new cloud-based platform from Deloitte Avalanche uses "security, speed and [the] correctness of the reimbursements of the Federal Emergency Management Agency."
Deloitte uses Avalanche Protocol to improve the newly introduced Close AS You GO GO platform
In recent years, all four BIG FOUR bookkeeping networks PWC, Ernst & Young (EY), KPMG and Deloitte have been active in blockchain consulting, research and development. On November 16. deloitte terminated a strategic alliance with Ava Labs to "improve the recovery of state and local governments of natural disasters and emergencies in the field of public health". The Avalanche blockchain is used to improve the company's new cloud-based solution.
According to Deloitte, the newly introduced Close As You Go (CayG) platform of the company is intended to support state and local governments to rationalize applications for reimbursement of disasters. These applications go specifically to the US Federal Emergency Management Agency (Fema). The Cloud-based platform from CayG uses Avalanche (AVAX) to provide a decentralized and transparent system that “enables the granter and the recipient of the funding”.
Alex Haseley, director of Deloitte & Touche LLP and Deloitte's portfolio manager for crisis management in governments and public services, says that CayG plays a "critical role" in supporting this type of emergency measures in the federal government. "When a disaster hits a community, state and local officials have to react quickly and specifically," said Haseley. The Deloitte manager added:
Our new Close As You Go-platform can play a crucial role in helping these managers to combine and validate the necessary documentation in order to demonstrate the eligibility and to reduce the risk of adverse examination results.
The avalanche protocol aims to provide a safe environment for state disaster cases
In the meantime, the Avalanche (AVAX) ecosystem recorded exponential growth in the meantime, and the native currency AVAX has increased by 2,522% since the beginning of the year. defillama.com-metrics show that Avalanche on November 16 with 10.15 billion in the first week of November the avalanche foundation announced the introduction of blizzard, a 200 million dollar fund for the financing of developers Work on innovative avalanche-based platforms.On Tuesday, the President of AVA Labs said John Wu that the organization is "proud to work closely with Deloitte in order to offer this new, safe and advantageous technology for communities across the country". The Avalanche team claims that the fusion of CayG and the Avalanche blockchain will create a safe environment for federal disaster claims. According to the announcement, Deloitte also chose Avalanche because it is an "environmentally friendly platform that corresponds to the commitment of Deloitte for Green Technology".
What do you think of the Allianz between the Big Four Bookkeeping company Deloitte and Ava Labs? Let us know your opinion on this topic in the comments below.
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