Deloitte, Ava Labs link up in bid to streamline natural disaster reimbursements

Professional services firm Deloitte announced Tuesday a partnership with Ava Labs to create a blockchain-based disaster recovery platform. 

The new platform, called Close as You Go (CAYG), aims to streamline disaster reimbursement applications to the Federal Emergency Management Agency (FEMA), with the goal of saving these agencies millions of dollars typically lost to noncompliance with federal procurement requirements, benefit duplications and missing documentation. 

“By guiding local government users through workflows and immutably documenting all these items upfront, these users minimize the risk of deobligations, adverse findings, and clawbacks that often result later in the process from these common issues,” John Wu, President of Ava Labs, told The Block.

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CAYG went live on November 16 and is being piloted in the natural disaster-prone southeastern United States. “Counties can move faster when the time comes to submit those requests, since all the documentation has been pre-validated, immutably stored and reviewed in advance,” Wu says.

Deloitte’s partnership with Ava Labs follows other organizations trying to use distributed tools like blockchains to augment natural disaster relief.

In April, the Danish Red Cross opted to put its volcano catastrophe bond —  insurance-based relief for volcanic natural disasters — on a blockchain, also citing increased speed and lower costs as its motivations.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.