Arcology has engaged Baker Tilly WM Advisory (Baker Tilly) to review the Arcology platform. The team at Baker Tilly provides Arcology with a resource to independently review the system and assess certain key strategic business decisions.
Baker Tilly is a leading accounting and advisory firm that provides a wide range of services to clients across industries. With over 3,800 professionals in the United States and internationally, the firm has a wealth of experience in auditing, tax, and consulting services. Baker Tilly’s expertise in blockchain technology and its potential applications will be instrumental in evaluating Arcology’s blockchain network.
Arcology network is a blockchain network that is focused on solving the scalability issue of blockchain technology. The network achieves this through parallel transaction execution, which allows multiple transactions to be processed at the same time. This approach makes Arcology’s blockchain faster and more efficient than traditional blockchain networks.
The engagement will focus initially upon performance verification of the Arcology’ Innovative blockchain design and is ideally timed to identify and maximize the Arcology value proposition as the Arcology Network advances toward the release of its public Testnet, which will provide developers and blockchain enthusiasts the ability to interact with the latest generation of blockchain.
"This engagement will help advance the Arcology Blockchain Network roll out: the technical team at the Digital Technology and Risk practice of Baker Tilly has the experience, rigor and expertise to help us move our revolutionary blockchain ecosystem forward," said Mr. Laurent Zhang, Arcology Founder and CEO.
The assessment by Baker Tilly will provide insights into how Arcology’s blockchain network can improve its performance and ensure compatibility with the Ethereum Virtual Machine (EVM), a standard for executing smart contracts on the Ethereum blockchain. This will allow Arcology to scale its operations and improve its competitiveness in the blockchain space.
Speaking on the engagement, Arcology’s CEO, Laurent Zhang, said, “We are excited to be working with Baker Tilly to evaluate our blockchain network. Their expertise and experience in blockchain technology will provide valuable insights into how we can improve our performance and compatibility with the EVM standard.
Speaking on the engagement, Arcology's CEO, Laurent Zhang, said, "We are excited to be working with Baker Tilly to evaluate our blockchain network. Their expertise and experience in blockchain technology will provide valuable insights into how we can improve our performance and compatibility with the EVM standard."
The assessment is expected to be completed in the coming months, and the results will be shared with the public. The partnership between Arcology and Baker Tilly is a testament to the growing importance of blockchain technology in various industries and the need for reliable and efficient blockchain networks.