Home Altcoins News Deloitte’s CAYG for FEMA Reimbursement Pushes Avalanche (AVAX) Price Further Upwards

Deloitte’s CAYG for FEMA Reimbursement Pushes Avalanche (AVAX) Price Further Upwards

Deloitte’s CAYG for FEMA Reimbursement Pushes Avalanche (AVAX) Price Further Upwards

At the time of writing the news, Avalanche was trending at $118.96.  Deloitte adoption is reportedly considered to be the reason for this new high.

So, what is the deal about Deloitte? Deloitte’s decision to adopt the Avalanche blockchain to build a disaster relief platform is the reason behind all the excitement.

Deloitte’s Close as You Go (CAYG) is a secure, cloud-based software platform built to help state and local government agencies manage recovery documentation to demonstrate eligibility for FEMA Public Assistance expenditures. CAYG helps reduce the likelihood of submitting ineligible expenses, referencing outdated contracts, or following improper procurement practices that cause federal clawbacks down the line. CAYG helps you navigate the process so you can focus on recovery.

For more clarity, crisis is becoming more frequent and it is becoming important for organizations to work with a solid crisis management plan to protect their brand, assets, and finances.  Worse things can happen at the most unexpected time – the worse can be anything from a pandemic to natural disaster situation. Disaster leads to strategic, reputational and financial risks.

An organization that is stronger and safer irrespective of what comes in the way is possible only with the backing of proven crisis management services which will help anticipate, react to, and avoid potential crises.

The partnership of Deloitte with Ava Labs, the blockchain firm is focused on providing decentralized cloud-based platform which can be used to help gather, process and authenticate state and local government applications for federal emergency funding.

Deloitte on Tuesday expressed that their platform will use “blockchain technology to store the documents and records the Federal Emergency Management System needed to distribute disaster reimbursement money, Deloitte said Tuesday.”

John Wu President of AVA Labs expressed, “Close As You Go features a user-friendly interface backed by the cutting edge of blockchains, helping state and local governments focus on their recovery, rather than extensive claims processes.”

Alex Hasely, government and public services crisis management portfolio leader at Deloitte, stated the platform is designed to assist government officials in quickly responding to a disaster without worrying about potential adverse audit findings in the future.

The Federal Emergency Management Agency is an agency of the United States Department of Homeland Security, initially created under President Jimmy Carter by Presidential Reorganization Plan No. 3 of 1978 and implemented by two Executive Orders on April 1, 1979.

The agency’s primary purpose is to coordinate the response to a disaster that has occurred in the United States and that overwhelms the resources of local and state authorities. The governor of the state in which the disaster occurs must declare a state of emergency and formally request from the president that FEMA and the federal government respond to the disaster.

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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