The tool behind data can only make it move at the speed of its source. Ava Labs announced today that federal emergency funding will be simplified with a Deloitte announcement.
Deloitte will be leveraging the Avalanche blockchain “to help state and local governments easily demonstrate their eligibility for federal emergency funding.”
Deloitte’s Needed Solutions
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 is currently working with FEMA, the Federal Emergency Management Agency. This agency handles disaster compensation applications for states and local governments. This is done using a tool known as 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 supports the CAYG system with core competencies such as streamlining recovery efforts, simplifying documentation retention, reducing administrative cost, mitigating risks, and building resilience.
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 done exceptionally and is expected to surpass the $100 mark by the end of the year. Source: AVAX-USD on TradingView.com | Source: AVAX-USD on TradingView.com
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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. This program wasn’t just for DeFi or NFTs. It also included enterprise applications and social tokens.
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 You can also surprising. This year, the firm released it’s fourth annual Global Blockchain Survey. There were many interesting bits of information in the survey about cryptocurrency. The most notable was that nearly three-quarters of all financial executives believed that physical money would soon cease to exist.
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