ICON (ICX) Teams up with Massive Accounting Company Deloitte Startup Advisory Group
ICON has excellent news for the crypto enthusiasts with a brand new partnership. Today, June 8th, ICON, and Deloitte Startup Advisory Group signed an MOU to develop, empower and commercialize projects that are based on the blockchain technology.
Deloitte Blockchain Lab teams up with ICON
The Deloitte Blockchain Lab has already developed and commercialized over 30 blockchain projects. The partnership between them and ICON’s technology is expected only to enhance and strengthen both parties’ competitiveness in the blockchain industry.
This agreement involves that fact that the Deloitte Startup Advisory Group will provide professional services for the commercialization of projects that are founded upon the blockchain technology: accounting and financial consulting, tax advisory, investment sourcing, risk consulting and overseas advancement support. More than that, the two firms will keep searching for more promising blockchain startups.
“We expect to expand our blockchain network and activities with the collaboration of Deloitte’s global network and partners,” JH Kim, ICON council member.
YH Kim, Managing director of Deloitte Startup Advisory Group, said that “Collaboration between leading companies in the blockchain business is essential. By working with ICON, we look forward to creating best practices for applying blockchain technology in the real world and expand our strength in the blockchain industry.”
Crypto space feedback
Of course, the news spread rapidly on Reddit where crypto enthusiasts discuss the latest in the crypto space. Some Redditors manifested their hype and massive excitement after reading the original Medium post which details the partnership, while others were not that excited given the fact that ICON is only teaming up with the startup advisory group and not the whole Deloitte Group. Others questioned the news because Deloitte hasn’t made any official announcements yet. But considering that ICON did make an official announcement on their Medium channel, we think that it’s pretty safe to consider it legit.
Deloitte is one of the largest professional services companies in the world, and they are specialized in auditing, assurance, taxation, advising, management consulting, corporate finance, and legal services.
Together with PwC, EY, and KPMG, Deloitte makes up the “Big Four” which are the four largest accounting firms in the world.
Back in 2017, Deloitte led the Big Four in revenue, and the estimated earnings figure was of $38 billion. Grid by Deloitte is an initiative by Deloitte that offers its clients ‘financial services capabilities, at the intersection of technology, customer, and innovation.” Besides insurance and investment management products, the service also provides access to unique and potentially disruptive banking strategies.
The partnership with ICON an interoperability-focused blockchain could be stemming from the fact that they are looking for a standardized way to make meaningful connections between private blockchains, and from a business standpoint, there’s no better solution than ICON at the moment, according to crypto space feedback.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.