Deloitte's "Disaster Recovery Platform" adopts Avalanche protocol to assist government in verifying eligibility for aid, AVAX price hits new high

The developer of Avalanche protocol, Ava Labs, announced a strategic partnership with Crowe to launch a disaster recovery platform to help state and local governments verify whether disaster-stricken units qualify for federal emergency aid through the Avalanche blockchain. The price of AVAX also hit a historical high shortly after.

Close As You Go™ CAYG

The disaster recovery platform named "Close As You Go™ CAYG" allows state and local officials to simplify the complex process of applying for reimbursements from the Federal Emergency Management Agency (FEMA) when natural disasters occur in the region. Its main functions include:

• Simplified recovery work: Real-time verification of qualifications through relevant documents
• Simplified document archiving: Secure storage and linking of relevant documents through blockchain
• Reduced management costs: Database establishment of all applications with customized processes between federal, state, and local governments
• Reduced potential risks: Establishment of a secure and accessible database to mitigate risks

John Wu, CEO of Ava Labs, stated:

CAYG features a user-friendly interface supported by blockchain technology, helping state and local governments focus on recovery rather than complex claims processes. We are proud to work closely with Deloitte to provide the latest, secure, and beneficial technology nationwide.

Avalanche Coin Price and News

Following the release of CAYG news on 11/16 here, AVAX immediately hit a historic high of $102.71.

Furthermore, the positive news and corresponding coin prices since August are as follows:

• 8/18: $180 million DeFi incentive program | Hit a second highest of $58.98 on 8/25
• 9/16: Polychain, Three Arrows Capital lead $230 million investment | Hit $79.8 on 9/23
• 10/21: Leveraged mining protocol Alpha Homora joins
• 11/1: Announced a $200 million ecosystem fund | Hit a new high of $80.91 on 11/4
• 11/10: USDT launched on Avalanche | Hit a new high of $98.69 on 11/13
• 11/16: Collaborated with Deloitte to launch the CAYG platform | Hit a new high of $101.82 on 11/16

Compared to other projects, AVAX has shown a stronger response to positive news, consistently hitting new highs since August. According to DeFi Llama, the total locked value has increased from $180 million in August to the current $10.04 billion, making it the fourth largest public chain by TVL, following Solana.