On Tuesday, in conjunction with one of the four giant accounting firms, Deloitte announces the formation of an agreement to partner in partnership with Ava Labs, or the team that runs Avalanche. Avalanche blockchain platform.
In the release, Deloitte’s latest cloud-based platform utilizes Avalanche. The Avalanche infrastructure in order to “improve the security, speed, and accuracy of Federal Emergency Management Agency reimbursement.”
Giant Deloitte Uses their Avalanche Protocol to Develop a Close As You Go (CAYG) Platform
In recent times there four of the four main accounting networks had an impact. Including Price Water houses Coopers, Ernst & Young (EY), KPMG, and Deloitte. Participated in blockchain-related consultancy, Research, and Development. All parties and assistance in facilitating work to develop a reliable system.
On the 16th of November, Deloitte announced an alliance of strategic importance in partnership with Ava Labs. And then, with the intention of “promote state and local government recovery from natural disasters and public health emergencies.” Its Avalanche Blockchain will use to benefit from the company’s latest cloud-based service.
According to Deloitte the company’s Close As You Go (CAYG) system is in the development phase. Which will aid local and state governments to streamline disaster relief applications. The application submits directly to Federal Emergency Management Agency (FEMA).
CAYG’s cloud-based platform utilizes Avalanche protocol. Avalanche protocol (AVAX) to offer an uncentralized and transparent platform which “gives power to lenders and funders.”
Alex Haseley, head of Deloitte & Touche LLP, and also the head of the government’s crisis management portfolio as well as public services. Deloitte claimed that CAYG played a “key role” in helping to support federal emergency hazards. “When a sudden disaster strikes a community, state and local officials must respond quickly and consciously,” Haseley stated.
The giant Deloitte executive with avalanche also added:
"Our new Close As You Go platform can play a key role in helping these leaders prepare the necessary paperwork to summarize and verify eligibility for funding and reduce the risk of future adverse audit results."
Avalanche Protocol Design for Disaster Response
At the same time, it is also true that at the same time, Avalanche infrastructure (AVAX) has increased exponentially over the past year, and the local currency has grown by 2.522 percent from the beginning of the year to date. Its Defillama.com indicator 101.5 illustrates that Avalanche was the fifth-largest Key Total Value (TVL) in the field of decentralized finance (DeFi) on November 16, when it reached 100 million US dollars.
In the beginning of November, it announces that the Avalanche Foundation announced the launch of Blizzard. A $200 million fund was then announced that will use to develop innovative platforms that are based in Avalanche network.
This past Tuesday John Wu, President of Ava Labs, stated that Ava Labs was “honored to be working with Deloitte to provide this new, safe, and useful technology to communities across the country.”
The Avalanche team says that it is the result of the cooperation between CAYG together with Avalanche blockchains.
This will provide a secure space for claims for disasters filed by federal agencies. As per the statement, giant Deloitte also chose to utilize Avalanche as it is as an “environmental protection platform, in line with Deloitte’s commitment to green technology.”