Bitfury Collaborates with PwC to Create Blockchain Accelerator in Russia

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As per PwC press release, Consulting firm PricewaterhouseCoopers (PwC) has collaborated with mining and blockchain software company Bitfury Group to develop a blockchain accelerator for businesses in Russia.

The release describes that PwC has already used Exonum – Bitfury’s open source framework for developing blockchain applications for educational seminars and courses.

As per the press release, the primary objective of the new accelerator is to meet the “current needs” of the consulting giant’s enterprise customers in Russia. Mr. Victor Nelson, an IT consulting manager at PwC’s Russian branch, asserted that BitFury and PwC would present “fundamentally new” products to companies in different industries within the next few years.

The press release further quotes a recent PwC study on blockchain implementation in the energy sector. The company thinks that blockchain can ‘drastically’ change the modern economy and cut personnel and infrastructure costs with the computerization of business processes.

With a revenue totaling over $41 billion for the 2018 fiscal year, PwC is presently the second biggest among the Big Four professional services firms.

As reported earlier, Bitfury’s Russian branch started another blockchain accelerator with the Moscow-based Plekhanov Russian University of Economics. As part of this collaboration, the university committed to offering courses related to blockchain and additional educational programs.

PwC will further start its accelerator to bolster its employees’ knowledge of blockchain via a two-year program beginning in January 2019. The UK-based company expects to train around 1000 employees.