Big four accounting firm Deloitte has announced a strategic partnership with Ava Labs, the team behind the Avalanche protocol, to utilize the blockchain in a new disaster recovery platform dubbed Close As You Go (CAYG).
Avalanche describes itself as an eco-friendly, smart-contract blockchain network designed for decentralized finance applications.
In a press release shared with Coinfomania, Deloitte noted that the CAYG platform aims to improve the security, speed and accuracy of disaster reimbursement applications that will be submitted to the US’ Federal Emergency Management Agency.
The firm further added that the transparent but secure environment provided to the CAYG platform by the Avalanche blockchain will enable a quick gathering, processing and authentication of the required applications.
These applications, before submission, will then be simplified and streamlined in a manner that demonstrates the need for state and local officials to receive federal emergency funding.
“Our new Close As You Go platform can play a critical role in helping these leaders be prepared to aggregate and validate the documentation necessary to demonstrate eligibility for funding and reduce the risk of adverse audit findings down the road,” said Alex Haseley, Deloitte’s public services crisis management portfolio leader.
Ava Labs also pointed out that the CAYG platform was designed with the input and insight of first responders, public works departments, finance authorities as well as grant-making agencies.
All of the above is said to provide state and local officials with decentralized, transparent and cost-efficient end-results.
“Close As You Go features a user-friendly interface backed by the cutting edge of blockchains, helping state and local governments focus on their recovery, rather than extensive claims processes.
We’re proud to work closely with Deloitte to offer this new, secure and beneficial technology to communities across the country,” said John Wu, president of Ava Labs.
Meanwhile, the Avalanche network has been gaining traction. Coinfomania reported that popular Mexican professional football team the Club Deportivo Guadalajara (Chivas) auctioned its non-fungible token (NFT) on the eco-friendly blockchain.
This article is Originally posted on CoinCentral.com
Author: Treasure Samuel