How Deloitte Built a Streamlined Disaster Relief Solution with AvaCloud
Learn more about how Deloitte used AvaCloud to bring its disaster relief grants platform to market.
In recent years, the frequency and severity of natural disasters have been unmistakably on the rise. Most recently, the devastating wildfires on Maui resulted in economic damages estimated at $4-6 billion. These calamities have underlined the urgent need for efficient disaster recovery and reimbursement processes. Amid such pressing challenges, Deloitte, in alliance with Ava Labs, the team behind AvaCloud, introduced the Close As You Go (CAYG) platform.
The lengthy bureaucratic processes following disasters have been a significant challenge. Eighteen years post-Katrina, New Orleans still grapples with unsettled FEMA grants. And with FEMA's disaster relief fund contending with a potential shortfall of over $4 billion by Q4 2023, the urgency for a streamlined process has never been clearer. Hawaii’s U.S. Rep. Jill Tokuda emphasized the criticality of FEMA funding, especially in light of recent Maui disaster challenges, stating that the shutting down of the government and FEMA running out of funds is "absolutely not an option."
Developed with insights from first responders, public works departments, finance authorities, and grantmaking agencies, CAYG offers a revolutionary approach to outdated disaster recovery systems. Central to its efficiency and reliability, the platform utilizes the managed blockchain service provider AvaCloud for all its on-chain requirements. CAYG aims to assist state and local government officials in simplifying and streamlining their disaster reimbursement applications to FEMA.
Alex Haseley, a principal with Deloitte & Touche LLP commented, “When disaster strikes a community, state and local officials must act swiftly and deliberately to respond. Our new Close As You Go platform can play a critical role in helping these leaders be prepared to aggregate and validate the documentation necessary to demonstrate eligibility for funding and reduce the risk of adverse audit findings down the road.”
It’s no secret that, over the past several years, enterprises attempting to integrate blockchain technology into their business operations have been met with challenges. From the high costs of both launching and maintaining a blockchain, to the difficulties in hiring, to lengthy time to market. AvaCloud directly addresses these challenges, and more, by offering a comprehensive one-stop-shop and world-class product for enterprise blockchain applications.
For Deloitte, making sure assistance from CAYG quickly reached the communities in need was a paramount concern. AvaCloud helps clients get into market much more quickly than typical enterprise blockchain solutions, thanks to its user-friendly platform, suite of managed services, and dedicated team of experts. With AvaCloud, it isn’t necessary to go through the lengthy process of hiring specialized blockchain development and engineering talent. The team at Ava Labs provides clients with access to expert Web3 consultants who can help businesses design and plan all aspects of their blockchain application, while the suite of managed services allows organizations to stay focused on solving business problems, not backend complexity.
Not only does this robust suite of managed services reduce time to market, it also helps clients control their costs. Most organizations do not need (or want) to own and manage a blockchain, and be responsible for its ongoing maintenance. With AvaCloud there is no need to recruit specialized blockchain talent or manage blockchain operations in-house. AvaCloud provides a cost-effective solution including managed services for backend infrastructure, API services, validator services, and more.
Building a government system to improve disaster relief efforts is not a project to be taken lightly. Deloitte needed a proven partner whose technology could be counted on to support the implementation, all the way from ideation to launch. AvaCloud provides the customizability and key features that enable applications to meet even the most stringent government requirements. This includes the ability for clients to maintain crypto-free balance sheets, a secure and private environment that meets the highest standards for the handling of sensitive disaster relief data, and built-in KYC/KYB standards.
John Wu, President of Ava Labs, captured the essence of the solution: “Close As You Go features a user-friendly interface backed by the cutting edge of blockchains, helping state and local governments focus on their recovery, rather than extensive claims processes.” By tapping into AvaCloud, Deloitte was able to bring CAYG to market much faster than with any other conventional approach while ensuring all key standards were met. AvaCloud's end-to-end solution is fully managed, ready to scale on demand, and monitored 24/7, eliminating the need for in-house blockchain hires to deploy and manage blockchain operations.
The imperative for streamlined, transparent, and efficient processes for disaster recovery is continually growing, especially in the wake of significant events like the Maui wildfires. Solutions like CAYG, powered by AvaCloud, play a pivotal role in aiding community recovery. Leveraging such tech advancements not only accelerates response times but also fosters more sustainable and resilient communities ready to face the challenges of tomorrow.
Ava Labs makes it simple to deploy high-performance solutions for Web3, led by innovations on Avalanche. The company was founded by Cornell computer scientists, who partnered with Wall Street veterans and early Web3 leaders to execute a promising vision for redefining the way people build and use open, permissionless networks. Ava Labs is redefining the way people create value with Web3.
AvaCloud is a managed blockchain service enabling teams to rapidly build, deploy, and scale decentralized networks–customized for any use case. In minutes, launch robust blockchain networks with 50k+ transactions per second, sub-second transaction finality, and net-zero carbon impact. AvaCloud features a no-code portal, automated infrastructure, network monitoring, and 24/7 customer support. Stop worrying about your blockchain infrastructure and start growing your business and maximizing your revenue.
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