By
Mayowa Adebajo
March 12th, 2024
Deloitte, one of the largest professional services network in the world, signed partner agreement with Waves Platform, the largest blockchain project originated from Russia.
Deloitte CIS and Waves Platform signed a memorandum on strategic partnership. According to Waves Platform, the partnership is aimed at two general tasks:
- providing clients with comprehensive initial coin offering (ICO) services and customized blockchain solutions tailored for specific business tasks;
- development of the legal mechanisms for regulating ICO projects.
Deloitte is one of the largest professional services network in the world by revenue and number of professionals. Deloitte provides audit, tax, consulting, enterprise risk and financial advisory services with more than 244,400 professionals globally. As of 2016, Deloitte is the 6th-largest privately owned organization in the United States.
Waves Platform is a decentralized platform for launching crowdfunding campaigns and issuing digital assets, which completed its Initial Coin Offering in June 2016, garnering more than $16 million (30,000 BTC). It is the largest blockchain project originated from Russia. The platform is primarily designed to support the issuance, trade and exchange of digital assets/tokens using blockchain technology. Presently, the company’s capitalization exceeds USD 400 million, according to the CoinMarketCap.
More specificly, Deloitte’s experts will provide the necessary consulting and methodology assistance to businesses and government bodies and also communicate long-term advantages and opportunities for the companies implementing digital technologies.
Waves Blockchain Platform, in its turn, will develop technology solutions for the introduction of digital economy tools. Also it will assist companies during their marketing campaigns to promote new products by selecting best-suiting channels for a successful project implementation, according to the company’s press release.
“Blockchain technologies are gaining ground, already allowing start-ups, investors and other stakeholders to quickly raise significant funds in cryptocurrencies. However, the cryptocurrency market is relatively young, and not all the regulatory mechanisms are in place. This is why we are glad to cooperate with Waves Platform and are confident that our joint effort will help create the necessary conditions for putting together the legal framework for blockchain projects both in Russia and the CIS,” states Artem Tolkachev, Director of Legal Services for Technology Projects at Deloitte CIS.
“Our partnership is a significant step towards mass application of blockchain technology. Presently, blockchain companies are not regulated, as there is no existing legislation as such. Our strategic partnership with Deloitte will allow us to take active part in the formation of this regulatory landscape. It is important to join this process both for us and the entire blockchain industry in Russia and the CIS,” Waves founder and CEO Sasha Ivanov said.
During 6 months before the aforementioned agreement Deloitte launched Blockchain Lab in Dublin with 25 blockchain developers and designers, the Bitcoin Payment Option at its internal restaurant called Bistro 1858 in Toronto. The company also joined Blockchain project Hyperledger together with Ernst & Young and Change Healthcare.
Waves Platform recently launched Landmark USD Gateway and now its users can deposit USD via the secure gateway, receiving in return a token that is 100% backed by dollar reserves.