The Big Four Accounting Firm Deloitte and Ava Labs form a partnership to leverage the Avalanche blockchain – Blockchain Bitcoin News

The Big Four Accounting Firm Deloitte and Ava Labs form a partnership to leverage the Avalanche blockchain – Blockchain Bitcoin News



On Tuesday, as one of the four major accounting organizations, Deloitte announced the establishment of a strategic partnership with Ava Labs, the team behind the blockchain network Avalanche.According to the announcement, Deloitte’s new cloud-based platform uses Avalanche to “improve security, speed and [the] The accuracy of the Federal Emergency Management Agency’s reimbursement. “

Deloitte leverages the Avalanche protocol to enhance the newly launched Close as You Go platform

In the past few years, all four of the four major accounting networks, PricewaterhouseCoopers, Ernst & Young (EY), KPMG and Deloitte, have participated in blockchain consulting, research and development. November 16, Deloitte Announced with Ava Lab To “improve the recovery of state and local governments from natural disasters and public health emergencies.” The Avalanche blockchain will be used to improve the company’s new cloud-based solutions.

According to Deloitte, the company’s newly launched Close As You Go (CAYG) platform is designed to help state and local governments simplify disaster reimbursement applications. These applications are specifically submitted to the Federal Emergency Management Agency (FEMA). CAYG’s cloud-based platform uses Avalanche (AVAX) to provide a decentralized and transparent system that “provides power to funders and funders.”

Alex Haseley, head of Deloitte & Touche LLP and head of the Deloitte Government and Public Service Crisis Management Portfolio, said that CAYG plays a “key role” in helping to strengthen this type of federal emergency response. “When a disaster strikes a community, state and local officials must respond quickly and consciously,” Haseley said. Deloitte executives added:

Our new Close As You Go platform can play a key role in helping these leaders prepare the documents needed to summarize and verify eligibility for funding and reduce the risk of adverse audit results in the future.

The avalanche agreement aims to provide a safe environment for federal disaster claims

At the same time, the Avalanche (AVAX) ecosystem has grown exponentially last year, and the local currency AVAX has risen by 2,522% year-to-date. metrics It shows that Avalanche held the fifth largest total value lock (TVL) in decentralized finance (defi) on November 16, reaching 10.15 billion TVL.In the first week of November, the Avalanche Foundation Announce The launch of Blizzard, a $200 million fund dedicated to funding developers who develop innovative platforms based on Avalanche.

On Tuesday, John Wu, President of Ava Labs, stated that the organization “is honored to work closely with Deloitte to provide this new, safe and beneficial technology to communities across the country.” The Avalanche team claimed that the integration of CAYG and Avalanche blockchains It will create a safe environment for federal disaster claims. According to the announcement, Deloitte also chose to use Avalanche because it is an “environmental protection platform that meets Deloitte’s commitment to green technology.”

What do you think of the alliance between Deloitte and Ava Labs, the four major accounting organizations? Please tell us your thoughts on this topic in the comments section below.

Tags in this story

Accounting agency, Alex Hasley, Ava Lab, avalanche, Avalanche (AVAX), Avalanche Foundation, AVAX, AVAX token, Big Four, Blizzard Fund, Blockchain, CAYG, Close at any time, Go to financial institution, Deloitte, Deloitte Accounting Firm, Deloitte Avalanche, Deloitte blockchain, Federal disaster claims, Federal Emergency Management Agency, Local government, state

Image Source: Shutterstock, Pixabay, Wikimedia Commons, Deloitte

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