Deloitte CIS and Waves Platform have signed a memorandum on strategic partnership. The partnership is aimed at providing clients with comprehensive initial coin offering services and customized blockchain solutions tailored for specific business tasks.

Deloitte focuses on the application of innovative approaches in its operations and puts an emphasis on developing the digital economy. Under this memorandum, Deloitte’s experts, with expertise in legal and tax issues for implementing technology projects, will provide the necessary consulting and methodology assistance to businesses and government bodies alike. It will also communicate long-term advantages and opportunities for companies implementing digital technologies.

One of the objectives for Deloitte is to develop the legal mechanisms for regulating ICO projects, which currently don’t exist. This will help the companies to safeguard themselves from project risks and challenges after they complete the initial offering of tokens.

Russian-based Waves Blockchain Platform, a decentralized platform for crowdfunding and creation of digital tokens, will provide technology solutions for the introduction of digital economy tools. In addition, it will assist companies with prioritizing during their marketing campaigns to promote new products by selecting channels best suited for a successful project implementation.

Artem Tolkachev, Director of Legal Services for Technology Projects at Deloitte CIS, remarked: “Blockchain technologies are gaining ground, already allowing start-ups, investors and other stakeholders to quickly raise significant funds in cryptocurrencies. However, the cryptocurrency market is relatively young, and not all the regulatory mechanisms are in place. This is why we are glad to cooperate with Waves Platform and are confident that our joint effort will help create the necessary conditions for putting together the legal framework for blockchain projects both in Russia and the CIS,”

Founder and CEO Waves, Sasha Ivanov said: “Our partnership is a significant step towards mass application of blockchain technology. Presently, blockchain companies are not regulated, as there is no existing legislation as such. Our strategic partnership with Deloitte will allow us to take active part in the formation of this regulatory landscape. It is important to join this process both for us and the entire blockchain industry in Russia and the CIS,”