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/ Ultima / 2018/12 / PWC-e-bitfury-group-partner-to-deliver – blockchain-in-russia solutions /
Thursday (13 December 2018), one of the largest consulting firms in the world,
PricewaterhouseCoopers
(trading as "PwC"),
announced
who was joining forces with the blockchain company
Bitfury Group
build a blockchain accelerator in Russia with the goal of meeting the needs of PwC's Russian business customers.
PwC, based in London, United Kingdom,
ranks
as "the second largest professional services company in the world behind Deloitte,[5] and is one of the Big Four Auditor, along with Deloitte, EY and KPMG. "
Furthermore, PwC is no stranger to blockchain technology. Indeed, like the
Press release
noted that PwC's specialized external training arm, PwC Academy, has already used Bitfury's "extensible framework for blockchain projects",
Exonum
, for some of its training courses and seminars.
Exonum is "designed to allow individuals, companies and governments to design private or authorized private blockchains that benefit from the unparalleled security of public blockchains". Here are some of its main features:
-
BFT algorithm: "The Byzantine error of Exonum The tolerant tolerance algorithm excludes single points of error and makes the solution of resilient blockchain against node crashes or bad actors."
-
Anchoring: "The anchoring of data to the Bitcoin network protects Exonum from revisions of the history by exploiting the enormous security of Bitcoin Blockchain".
-
Light Client: "All the information received is validated on the client side with the help of the Exonum Light Client, protecting customers from MitM attacks."
-
Rust: "To achieve the highest levels of security, performance and competition, Exonum uses the Rust programming language and also offers the Java association for Java developers."
According to a
relationship
in a PwC study titled "Blockchain Opportunity for Energy Producers and Consumers", "the introduction of blockchain technology will radically change the modern economy and approaches to financial transactions". For example, this study found "a reduction in personnel costs and infrastructure due to the automation of business processes using smart contracts for blockchain".
Viktor Nelin, the manager of IT consulting services for PwC in Russia, said:
"Surely, PwC, as one of the leading consulting services companies in the Russian Federation, is confident that blockchain technology will allow both services to be created for internal business use, expanding the functionality of current products and fundamentally new business models for the segment. With Bitfury, our efforts to develop blockchain solutions for corporate customers using the Exonum platform will fundamentally provide new products and solutions to companies in various industries. "
And Dmitry Ufaev, head of Bitfury in Russia, said this:
"Our mission is to make blockchain technology as widespread as possible and we are happy to work on this together with one of the leading consulting firms, a partnership of this level shows that technology will develop and in the coming years big solutions of blockchain scale will be implemented in different segments of the economy and business Bitfury has an undeniable technological advantage in the development of blockchain platforms for the corporate sector in the territory of the Russian Federation.We are confident that our joint experience with PwC will strengthen the market of blockchain and open new development prospects ".
Featured image courtesy of PwC
