PwC Will Audit and Consult Tezos

July 26, 2018

Representatives of Tezos Foundation announced that the international corporation PricewaterhouseCoopers (PwC), that offers professional audit and consulting services, will audit the financial condition of the project and the economic state of all operations. PwC said, that Tezos is the first large blockchain startup, that became a client of the company.

PricewaterhouseCoopers is a British company headquartered in London, that is one of the Big Four accounting firms. It offers their professional services worldwide. It is worthy to note, that earlier this year PwC acquired a share of the blockchain project VeChain (VET), that is aimed at fighting counterfeit products.

Tezos is a blockchain project that develops a self-adjusting distributed network and conducted an ICO a year ago. The project raised more than $230 million, which was a record cap at the moment. However, then the project suffered from internal disputes, that led to lawsuits and a delay of the launch. Eventually, the network launched in June this year.

Tezos Foundation representatives said, that a partnership with such a large audit and consulting firm will make it possible to make all operations transparent and clear. PricewaterhouseCoopers will make the cryptocurrency community confident in the project and allow them not to worry about security of the services of the company.

It is also worthy to note, that at the beginning of the last spring PricewaterhouseCoopers announced plans to launch an audit platform for cryptocurrency organizations and that some companies already expressed their interest in this service.

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