Deloitte Forms Strategic Alliance With Avalanche Blockchain
November 16 2021 - 3:48PM
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Data can only move as fast as the tool that is powering it. This
week, an announcement from Deloitte and Ava Labs looks to
streamline federal emergency funding applications. Deloitte will be
leveraging the Avalanche blockchain “to help state and local
governments easily demonstrate their eligibility for federal
emergency funding.” A Much Needed Solution For Deloitte Deloitte is
known as one of the “big four” accounting firms, working closely
with some of the biggest companies, government agencies, and more
throughout the US. Deloitte currently works with the Federal
Emergency Management Agency (commonly known as FEMA) to execute
disaster reimbursement applications for state and local government
agencies. They do this through a tool called Close As You Go (or
CAYG). The CAYG platform is a cloud-based solution from Deloitte
that aims to provide government partners with a “decentralized,
transparent and cost-efficient system.” The Avalanche blockchain
will add streamlined speed, efficiency and authentification to the
CAYG system. Deloitte cited the blockchain’s eco-friendly
advantages as a main criteria that led to the selection of
Avalanche for this alliance. Ava Labs will assist the CAYG system
in core competencies that include streamlining recovery efforts,
simplifying document retention, reducing administrative costs,
mitigating risk and building resiliency. These are desperately
needed in the FEMA ecosystem, as the agency has historically had
it’s name tied to delays around federal emergencies that often need
rapid response. For example, a Nevada firewarden said that while he
was able to receive wildfire mitigation grants, “a lengthy
application and environmental review process” has hindered the
firewarden’s ability to execute. Similarly, a California deputy
chief administrative officer said that FEMA’s assistance to victims
during the raging 2018 Camp Fire was “slow and sometimes
confounding.” It’s an area that is ripe for transparency,
efficiency, and quickness – ideally Avalanche can help bring those
things to the table. Avalanche's native token, AVAX, has performed
exceptionally well and looks to push over the $100 mark to close
the year. | Source: AVAX-USD on TradingView.com Related Reading |
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Avalanche’s Current Activity Earlier this month, Ava Labs launched
‘Blizzard’ in collaboration with The Avalanche Foundation, that
established a $200M+ crypto growth fund aimed at DeFi and NFTs.
That move came just a few short months after ‘Avalanche Rush,’ a
$180M DeFi incentive program. That program was not only aimed at
DeFi and NFTs, but also enterprise applications, social tokens and
gaming, and more. While these programs aren’t correlated with the
recent Deloitte announcement, the culmination of Ava Labs’ efforts
have clearly been paying dividends when it comes to expanding the
Avalanche blockchain. Meanwhile, Deloitte has had it’s finger on
the pulse when it comes to crypto and blockchain – so this week’s
announcement shouldn’t be too surprising. This year, the firm
released it’s fourth annual Global Blockchain Survey. That survey
had a number of interesting bites of information to consider about
crypto, most notably that over three out of four financial
executives believe that physical money is coming to end. Related
Reading | Bitcoin Cemented At $60K? Why BTC Could Smash All
Resistance Featured image from medium.com/AvalancheAVAX, Charts
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