On Tuesday, one of the Big Four accounting organizations, Deloitte announced a strategic partnership with Ava Labs, the team behind the blockchain network Avalanche. According to the announcement, Deloitte’s new cloud platform leverages Avalanche to “improve safety, speed and [the] the accuracy of reimbursements from the Federal Emergency Management Agency.
Deloitte to Utilize Avalanche Protocol to Enhance Newly Launched Close as You Go Platform
During the last few years all four of the Big Four accounting networks, PWC, Ernst & Young (EY), KPMG, and Deloitte have been involved in blockchain consulting, research, and development. On November 16, Deloitte announced a strategic alliance with Ava Labs to “enhance 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 solution.
According to Deloitte, the company’s newly launched Close As You Go (CAYG) platform is meant to help state and local governments streamline disaster reimbursement applications. These requests are directed specifically to the United States Federal Emergency Management Agency (FEMA). The CAYG’s cloud-based platform leverages Avalanche (AVAX) in order to provide a decentralized and transparent system that “empowers both grantmakers and funding recipients.”
Alex Haseley, principal, Deloitte & Touche LLP, and head of Deloitte’s utilities and government crisis management portfolio, says CAYG is playing a “critical role” in helping to strengthen these types of federal emergency efforts. “When disaster strikes a community, state and local officials must act swiftly and deliberately to respond,” Haseley said. The Deloitte executive added:
Our new Close As You Go platform can play a critical role in helping these leaders prepare to gather and validate the documentation necessary to demonstrate eligibility for funding and reduce the risk of adverse audit results. to come up.
Avalanche Protocol Aims to Provide a Secure Environment for Federal Disaster Claims
Meanwhile, the Avalanche (AVAX) ecosystem has seen exponential growth during the last year, and the native currency AVAX is up 2,522% year-to-date. Metrics from Defillama.com show that Avalanche holds the fifth highest number of total locked-in (TVL) values in decentralized finance (challenge) on November 16, with 10.15 billion TVL. During the first week of November, the Avalanche Foundation announced the launch of Blizzard, a $200 million fund dedicated to financing developers working on innovative Avalanche-based platforms.
On Tuesday, Ava Labs president John Wu said the organization was “proud to work closely with Deloitte to deliver this new technology that is secure and beneficial to communities across the country.” The melding of CAYG and the Avalanche blockchain will create a secure environment for federal disaster claims, the Avalanche team claims. According to the announcement, Deloitte also chose to leverage Avalanche because it is an “environmentally friendly platform, which aligns with Deloitte’s commitment to green technologies.”
