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    Home » Bitfury Group and PwC will create corporate blockchain projects

    Bitfury Group and PwC will create corporate blockchain projects

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    By BlockchainJournal on December 13, 2018 News
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    The Russian office of the international blockchain-company Bitfury Group and the network of audit and consulting firms PwC will create a joint accelerator of blockchain projects. This was reported to BlockchainJournal by Bitfury representatives.

    The partners are planning to develop blockchain products based on the needs of PwC corporate customers. The first such case on the basis of the framework Exonum PwC Academy has already presented in its training courses and seminars.

    “The blockchain technology will allow creating both services for intracorporate use, by expanding the functionality of current products, and fundamentally new business models for the mass segment, ” said Victor Nelin, manager of IT consulting services, PwC Russia.

    According to PwC experts , the introduction of the blockchain technology will radically change the approaches to financial transactions. For example, among the types of system costs that can be reduced or eliminated, PwC notes a decrease in personnel and infrastructure costs due to the automation of business processes using smart contracts on the blockchain.

    “A partnership of such a level proves that the technology will develop and in the next few years large-scale blockchain solutions will be introduced in different segments of the economy and business, ” said Dmitry Ufaev, head of Bitfury in Russia.

    Earlier, BlockchainJournal published an interview with Dmitry Ufaev, who spoke about the competition with Bitmain, cooperation with government agencies and the Russian mining center.

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