Deloitte, one of the ‘Big-Four’ accounting firms announced on Wednesday that it will utilize Avalanche blockchain to develop disaster relief software platforms for state and local governments.
In an announcement made on Nov. 16, Deloitte announced it has partnered with Ava Labs, the development team behind Avalanche. Calling it an eco-friendly platform, the company said it will help in simplifying disaster relief programs in the United States and enable more efficient and faster support.
A leading accounting firm, Deloitte provides services such as auditing, consulting, and taxes. With a history of more than 175 years, the firm has expanded globally with offices in over 150 countries and regions.
The new platform Close As You Go (CAYG), built on the Avalanche blockchain, would help “state and local government officials simplify and streamline disaster reimbursement applications to the Federal Emergency Management Agency (FEMA).” FEMA is a US government agency that organizes and supervises support activities in the event of a large-scale disaster.
“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, a principal with Deloitte & Touche LLP.
Since the announcement, Avalanche’s native token AVAX has seen a surge in price, despite the current bearish trend. The token surged to its ATH of $110.02 today and is currently trading at around $103.