PwC China Backs New Smart Contracts Blockchain Platform Qtum

The Qtum Foundation, developers of the recently revealed Qtum smart contracts blockchain, today announced that PwC is supporting its adoption by the business world. 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 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.

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One of the Big Four auditors, PwC is a network of firms in 157 countries, which could definitely help globalize any technology. Qtum also says its governance structure illustrates the level of professionalism PwC has brought to the team.

“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 Patrick Dai, co-founder of the Qtum Project.