'Global Blockchain Leader' At Deloitte Resigns To Join Blockchain-Based Startup

Eric Piscini, former Global Blockchain Leader and Partner at one of the "Big Four" consulting firms, Deloitte, has left the company, Forbes reports May 14.

Piscini, who helped build a $50 mln global blockchain practice, is joining the startup Citizens Reserve to move supply chain networks to a blockchain.

Within the project, a new digital currency ZERV has been developed using the ERC20 token.

The cryptocurrency will reportedly be used by consortium members to access the blockchain, allowing them to implement "Nearly instant borderless transactions."

The platform is based on the public Ethereum blockchain with smart contracts consisting of self-executing code, which could be implemented using various private blockchain solutions.

"We are building the Ethereum of supply chain... The private blockchain is more for supply chain transactions, and the public blockchain is used for payments. There is a bridge that we created that is kind of our secret sauce."

The reserve assets are designed to grant the token "a guaranteed value" of $0.01.

According to Forbes, 85% of the funds attracted in the token presale will be used to purchase assets that will back the tokens.

Piscini's decision comes amid a migration of top executives from traditional tech and financial companies to blockchain and crypto.

One, the developer of EOS.IS blockchain software, which launched an initial coin offering for EOS tokens in June 2017.