Blockchain 

Exec Who Launched PwC Switzerland’s Blockchain Division to Become CFO at Tezos

The man who launched a blockchain and cryptocurrency assurance division for PwC in Switzerland is joining Tezos as chief financial officer, the foundation confirmed in a news release on June 11. Roman Schnider is leaving the Big Four firm after 15 years, and Tezos says he is already familiar with the organization, since it was the first major blockchain project to have its finance and business operations audited by PwC. Tezos describes itself as a platform focusing on smart contracts and decentralized applications that offers a protocol governed by stakeholders. Ryan Jesperson, the president of the Tezos…

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Blockchain 

PwC is Top Recruiter for Blockchain-Related Jobs on Indeed, Big 4 Auditing Firms Follow

Big four auditing firm PricewaterhouseCoopers (PwC) is the top recruiter for blockchain-related jobs on recruitment platform Indeed, search results showed at press time on March 30. At press time, PwC is responsible for 40 blockchain-related job offers on the platform. Other big four auditing firms are apparently recruiting professionals in this niche on the platform: more precisely, Ernst & Young posted 17 such announcements, while Deloitte posted 10. This leaves KPMG as the only big four auditing firm not recruiting blockchain professionals on the platform. Tech giants IBM and Oracle posted…

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Blockchain 

Central Banks Should Leave Crypto to Facebook and JPMorgan: PwC Partner

Central banks should leave issuance of digital currencies to corporations such as Facebook and JPMorgan, according to a blockchain and financial partner at PwC France, Forbes reports March 22. According to PwC France’s Pauline Adam Kalfon, central banks should stay away from the issuance of central bank digital currencies (CBDCs) until large corporations test out the tokenization of fiat currencies themselves. Only when cryptocurrencies are “battle-tested by corporations,” should central banks make a move towards the crypto space, Kalfon argued, adding that it will reduce the likelihood of potentially negative…

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Blockchain 

Big Four Auditor PwC Trials Blockchain System for Verifying Employee Credentials

Big Four audit and consultancy firm PriceWaterhouseCoopers (PwC) is conducting a trial of its new blockchain-powered platform for ensuring the integrity of employee credentials. The trial, launched in partnership with the Institute of Chartered Accountants of Scotland (ICAS), was announced in a PwC press release published on Feb. 28. PwC’s “Smart Credentials” platform, earlier unveiled on Feb. 13, implements blockchain to issue, store and securely share digital certificates for employees’ professional qualifications. For the trial with ICAS, PwC employees, who have qualified as chartered accountants at the Institute within the…

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Bitcoin 

Big Four Auditor PwC Publishes Crypto Insolvency Guide, Cautions Directors

Big Four audit and consultancy firm PwC Hong Kong has published guidance for financially distressed or insolvent businesses in the crypto sector. The document, released February 2019, tackles the complexities specific to the nascent industry, in particular in regard to asset valuation and multi-jurisdictional operations. PwC notes that the two parameters used to determine a company’s financial viability — cash flow and balance sheet assessment — may be more difficult to ascertain in the case of crypto assets, whose volatility complicates a clear-cut valuation. The document continues: “Further, the lack…

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Blockchain 

Swiss Blockchain Hackathon in June Includes Partnerships With PwC, Amazon Web Services

Switzerland will host the Swiss Blockchain Hackathon later this year in a bid to help companies find real-life applications of blockchain technology, according to an announcement published on Feb. 27. The three-day event is reportedly organized by Switzerland’s six leading blockchain and IT organizations — Trust Square, Bitcoin Association Switzerland, CV Labs, Crypto Valley Association (CVA), Swiss Blockchain Federation and swissICT —  and will take place from June 21 to June 23, 2019. Per the announcement, the hackathon is designed to facilitate the deployment of blockchain across a wide range…

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Bitcoin 

PwC Warns Lack of Insurance Access Is Hindering Crypto Businesses

Cryptocurrency businesses find it “almost impossible” to get insurance and this is deterring investors, Big Four auditor PricewaterhouseCoopers (PwC) told Reuters Dec. 20. In comments focusing on the global fintech market, Henri Arslanian — the firm’s fintech and crypto leader for Asia — highlighted the contradictory status quo industry businesses face trying to attract funding. “Most institutionally-minded crypto firms want to buy proper insurance, and in many cases, getting adequate insurance coverage is a regulatory or legal requirement,” he told the publication, continuing: “However, getting such coverage is almost impossible,…

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Blockchain 

PwC Partners With BitFury to Create Blockchain Accelerator in Russia

Big four consulting firm PricewaterhouseCoopers (PwC) has partnered with mining and blockchain software company Bitfury Group to create a blockchain accelerator for businesses in Russia, according to a PwC press release today, Dec. 13. The release explains that PwC has already used Exonum — Bitfury’s open source framework for building blockchain applications — for educational courses and seminars. According to the release, the main goal of the new accelerator is to meet the “current needs” of the consulting giant’s enterprise clients in Russia. Victor Nelin, an IT consulting manager at…

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