PwC France partners with Request Network

Posted: 9 July 2018 6:31 pm
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Both PwC and the Request Network have a lot to learn from each other.

The Request Network might be thought of as an automatic accountant. The Ethereum-based token is intended to work as a layer on top of payment networks to automatically perform accounting functions like tax withholding, interest payments and anything else that can be programmed.

It was probably only a matter of time before one of the big four accounting firms decided to formally take it for a spin. PwC France and French-speaking Africa got there first.

The first step in the partnership was to explore the limits and potential of the Request Network. PwC's blockchain experts headed to Singapore for a collaborative session on REQ's practical applications and an examination of how to formalise it into certain use cases.

The Request Network is designed to let accountant programmers create their own solutions where needed, so PwC's vision may be as a customisable toolkit that can be brought out where needed and integrated with solutions it develops for clients.

And the Request Network not only gets a feather in its cap, but also an opportunity to explore the obstacles that might stand between its platforms and wider use as well as a deeper understanding of what exactly institutions need in a blockchain solution.

"This partnership with PwC France and French-speaking Africa creates a bridge between the corporate world and the blockchain world," said Christophe Lassuyt, co-founder of the Request Network Foundation.

"We are providing technology to build together a center of excellence for the finance business, which aims to facilitate blockchain adoption by the financial industry," said Christophe Fonteneau, Partnerships Manager of the Request Network Foundation.

Elsewhere, PwC has also announced a blockchain auditing service to help it better stay ahead of the game.

Disclosure: At the time of writing, the author holds ETH, IOTA, ICX, VET, XLM, BTC and NANO.

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