In Brief:
- Deloitte is locking up a deal with Ava Labs to improve its cloud-based solution “Close As You Go”
- CAYG will help to improve recoveries from Natural Disasters and Public Health Emergencies
- Deloitte leverages Avalanche Blockchain to reduce process time and improve accuracy for state and local authorities
On Nov 16, Deloitte announced a deal with Ava Labs, developer of Avalanche Blockchain, to enhance the recovery capability of state and local governments in case of natural disasters and public health emergencies. For this improvement, Avalanche blockchain will be used to improve the firm’s new cloud-based solution, the Close As You Go (CAYG) platform.
As per the report, Deloitte has recently launched the Close As You Go (CAYG) platform, which helps government officials to “simplify and streamline disaster reimbursement applications to the Federal Emergency Management Agency (FEMA).”
“When disaster strikes a community, state and local officials must act swiftly and deliberately to respond,” said Alex Haseley, Deloitte & Touche LLP, and Deloitte’s government and public services crisis management portfolio leader. “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.”
A cloud-based platform, CAYG leverages Avalanche blockchain to aid state and local government officials through a decentralized, transparent, and cost-efficient system in a responsive manner, which will ultimately help grantmakers and funding recipients as it prevents fraud, scam, and abuse.
Also Read: Avalanche Launches $200M Fund to Accelerate Ecosystem Development.
Moreover, one of the four Big Four accounting networks wants to create a secure environment using revolutionary blockchain technology. Avalanche blockchain reduces the time for documentation and authentication process, which improves the accuracy of federal disaster claims.
