Blockchain project Tezos, who a year ago raised $232 million investment in the course of the ICO, announced that it has ordered an external audit of financial and operational information from PricewaterhouseCoopers Switzerland. Thus, the representative of the “big four” audit companies for the first time will appreciate the work the blockchain.
In Tezos Foundation argue that taking such a step to provide “the highest degree of integrity in the performance of the mission support Protocol, ecosystems and communities Tezos”.
We will remind, a month ago, the General counsel of the company Tether Stuart Hohner (Stuart Hoegner) stated that to conduct an audit of all the rules for cryptocurrency projects is impossible because of insurmountable “barriers”: the weak knowledge of the auditors in the subject of crypto-currencies, outdated accounting standards, etc. So the project is limited to the provision of access to information about their accounts legal company Freeh Sporkin & Sullivan LLP.
In November last year, the company PricewaterhouseCoopers was first accepted bitcoins in payment for their services. And in may of this year, PwC Hong Kong and PwC Singapore announced the establishment of partnerships with Chinese blockchain startup VeChain and entered the portion of the project as interested in the application of VeChain developments in the field of IoT to improve performance of large companies.
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