Linda Pawczuk is the leader at the financial services of the Deloitte Consulting industry for the blockchain group.
Her team focuses squarely on helping the global enterprises which are decades old, to figure out how to use the DLT which stands for the Distributed Ledger Technology.
This is done so that the businesses can transform their processes which are paper based and harmonize it to the digital age.
Pawczuk recently stated that the companies have been questioning her about ICO which is the abbreviation for the Initial Coin Offering, regarding the rage of the Securities And Exchange Commission of the United States over the illicit use of the bitcoin as well as the other crypto-currencies.
According to the CoinDesk, Pawczuk told them that the boards are asking them about this because it has made to news and they are nervous because bitcoins are related to the blockchain and they are having qualms as to what they would do in order to protect their investors.
Pawczuk further added that the association therefore has not helped them stating that her team at times refer to the Initial Coin Offerings as “the Donor Market” which means that the investors in these markets are not going to have their money back.
She also said that though it’s good that the regulators are now cracking down but the hype of the market definitely creates a distraction.
She went on stating that it is very unfortunate that they have got the things which create angst. She also told that in all the meetings that she is invited she has to explain the businesses as why they should not worry about the safety of the information.
She also has to explain the perspective of the Bitcoins as well as the 2000 altcoins.
Source: CoinDesk, Investing
