BTCS Inc (BTCS)

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PricewaterhouseCoopers (PwC) has recruited 15 specialists with an aim to exploit and commercialise blockchain, the technology behind digital currency bitcoin, according to the company’s press release.
The PwC team, described as the "leading technology specialists", will be operating from the PwC’s Belfast office and should grow up to 40 members by the end of the year.
The announcement came as the chief scientific adviser to the government of the United Kingdom urged its members to adopt the blockchain technology. Sir Mark Walport said that it should be used to support public services such as tax collection and issuing of passports.
"Now there is growing interest and a real demand from our clients to help understand the implications of blockchain and how to respond to it," said Steve Davis, PwC partner and EMEA FinTech leader.
"While there is continued debate over the role of Bitcoin as a mainstream 'currency,' the underlying blockchain technology, which consists of 'blocks' of data in a digital ledger, is believed to be highly resistant to malicious tampering," said the company’s press release.
PwC is the latest major name in the international business to join the development of the technology underlying so-called cryptocurrencies such as Bitcoin and Litecoin. PwC reminded the U.K.’s technology sector raised $3.6 billion (£2.72 billion) venture capital in 2015, a quarter of all investments in London-based tech companies.
Bitcoin has seen a slide since one of the leading inventors and developers of Bitcoin Mike Hearn left the scene to start an alternative system dubbed Bitcoin XT, and was losing 7.59% to the U.S. dollar, and falling 7.93% to the U.K. sterling.

http://www.teletrader.com/bitcoin-technology-gets-new-developers-from-pwc/news/details/33123099