Blockchain Firm BitFury, PWC Partner To Create Russian Blockchain Accelerator

News | December 14, 2018 By:

Auditing firm PricewaterhouseCoopers (PwC) is teaming up with blockchain technology firm Bitfury Group to create a blockchain accelerator for Russian businesses.

The blockchain accelerator is aimed at developing a number of new blockchain products based on an analysis of the current needs of PwC customers. The auditing firm will be using Exonum, Bitfury’s open source framework for building blockchain applications, to build blockchain solutions for corporate customers and provide new products and solutions to companies in various industries.

Dmitry Ufaev, head of Bitfury Russia, said that a partnership of such a level proves that blockchain technology will develop and in the next few years, large-scale blockchain solutions 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,” Ufaev said. “We are confident that our partnership with PwC will strengthen the blockchain market and open up new prospects for development.”

Viktor Nelin, manager of IT consulting services, PwC in Russia, said that they are confident that blockchain technology will allow creating both services for internal corporate use by expanding the functionality of current products and new business models for mass segment.

“With Bitfury, our efforts to develop blockchain solutions for corporate customers using the Exonum platform will provide fundamentally new products and solutions for companies in various industries,” said Nelin.