Hanging Ten: Deloitte CIS Partners with Waves to Provide ICO and Blockchain Solutions

Deloitte CIS and Waves Platform, a leading developer of blockchain solutions, signed a memorandum on strategic partnership. The partnership is aimed at providing clients with comprehensive ICO services and customized blockchain solutions tailored for specific business tasks. Waves Blockchain Platform will provide technology solutions for the introduction of digital economy tools and will assist companies with prioritizing during their marketing campaigns to promote new products by selecting channels best suited for a successful project implementation.

“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,” shared Waves founder and CEO Sasha Ivanov. 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.”

Deloitte focuses on application of innovative approaches in its operations and realizes how important it is to develop the digital economy. Under this memorandum, Deloitte’s experts, who possess extensive legal and tax expertise in implementing technology projects, will provide the necessary consulting and methodology assistance to businesses and government bodies alike. We will also communicate long-term advantages and opportunities for the companies implementing digital technologies.

“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,” Deloitte CIS Director of Legal Services for Technology Projects Artem Tolkachev. “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.”

In June 2016, Waves completed and ICO raising over USD 16 million (30,000 bitcoins). Waves is a top-10 blockchain project in terms of crowdfunding investments. Presently, the company’s capitalization exceeds USD 400 million. Many startups, including MobileGo, ZrCoin, and EncryptoTel, have held their ICOs via the platform.

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