Enhace, Extend, Transform

Web 2.0 Magazine

Subscribe to Web 2.0 Magazine: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Web 2.0 Magazine: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn

Web 2.0 Authors: Glenda Sims, Serafima Alex, Xenia von Wedel, Harry Trott, Larry Alton

Related Topics: Blockchain

Blockchain: News Feed Item

The Qtum Blockchain Project Announces Support From PwC

Leading Professional Service Provider PwC Is Supporting Qtum's Efforts to Fuel Blockchain Adoption Across Global Business Sector

SINGAPORE, March 6, 2017 /PRNewswire/ -- The Qtum Foundation, architects of the Qtum blockchain, which execute smart contracts with a proof-of-stake consensus mechanism, today announced that one of the leading professional service providers PwC is supporting Qtum's efforts to help fuel blockchain adoption across global business sectors. This includes providing comments on a white paper to be prepared by the project team, as well as on their proposed project governance structure. PwC is a network of firms in 157 countries, who are committed to delivering quality in assurance, advisory, and tax services.

"PwC sees enormous potential for blockchain to revolutionize business practices as we know them, and the firm has made great efforts in developing strategic and technical capabilities to adapt existing products and services for the new technology. We are excited to get involved in the era of innovation and help companies capture the opportunities and benefits brought by the new technology. Working with the Qtum Foundation aligns with our goal," said CY Cheung, Fintech and Cybersecurity Partner of PwC China.

Qtum's governance structure, which is detailed in the Foundation's Qtum Blockchain Economy Whitepaper (https://qtum.org/en/white-papers), illustrates the level of professionalism PwC has brought to the team. Qtum's management structure will allow the project to effectively take hold as one of the largest open-source blockchain projects that can meet the needs of financial services, Internet of Things (IoT), supply chain management, social media, gaming and other industries.

"The Qtum Project is committed to becoming a smart contracts platform for business. To do this, Qtum wants to make it feasible for industries to build practical applications on top of Qtum. Qtum envisions a future where business practices are automated, and machine-to-machine communication is seamless. Having PwC, who has broad expertise across industries and a global network, support Qtum will help us fulfill our mission," added to Patrick Dai, co-founder of the Qtum Project.

About Qtum: Qtum is an open source value transfer protocol and decentralized application platform. The development team hails from multiple countries around the globe and is a collection of top experts in the industry. The Qtum Foundation, headquartered in Singapore, is the decision-making body that drives the project development. The Qtum Foundation has engaged one of the world's leading professional service providers, PwC, for project management support. Learn more at https://qtum.org


John Scianna         

Kevin Feng

PR Manager           

Senior Manager, Cybersecurity & Fintech at PwC

[email protected]         

[email protected]

Related Images





This content was issued through the press release distribution service at Newswire.com. For more info visit: http://www.newswire.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-qtum-blockchain-project-announces-support-from-pwc-300418319.html

SOURCE The Qtum Foundation

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.