The Qtum Foundation, an open source value transfer protocol, and decentralized application platform, announced that it has obtained support from PwC, a leading professional service provider, in its efforts to help fuel blockchain adoption across global business sectors.

PwC will extend its support by providing comments on a whitepaper, which is to be prepared by the project team, as well as on their proposed project governance structure. Having a network of companies in over 150 countries, PwC is committed to delivering quality assurance, tax services, and advisory.

Qtum has also announced the release of whitepaper titled, ‘Smart-Contract Value-Transfer Protocols on a Distributed Mobile Application Platform’, detailing the technical workings of their blockchain platform.

“PwC sees enormous potential for blockchain to revolutionize business practices as we know them, and the firm has made great efforts in developing strategic and technical capabilities to adapt existing products and services for the new technology,” CY Cheung, Fintech and Cybersecurity Partner of PwC China, stated in the release. “We are excited to get involved in the era of innovation and help companies capture the opportunities and benefits brought by the new technology. Working with the Qtum Foundation aligns with our goal.”

The governance structure of Qtum has been detailed in the ‘Foundation’s Qtum Blockchain Economy Whitepaper’. This structure outlines the level of professionalism that PwC has brought to the team. On the other hand, Qtum’s management structure enables the project to effectively take control as one of the largest open-source blockchain projects that can fulfill the needs of financial services, Internet of Things (IoT), supply chain management, social media, among others.

“The Qtum Project is committed to becoming a smart contracts platform for business. To do this, Qtum wants to make it feasible for industries to build practical applications on top of Qtum. Having PwC, who has broad expertise across industries and a global network, support Qtum will help us fulfill our mission,” Patrick Dai, co-founder of the Qtum Project, said.