PwC collaborates with VeChain to leverage blockchain technology for services
PwC Hong Kong has announced a collaboration with VeChain to provide trust-based services on the VeChain platform. It will necessitate the use of VeChain Tokens to access and perform transactions on the platform.VeChain is a leading global enterprise level public blockchain platform. It aspires to connect blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model as well as advanced IoT integration, and pioneers in real-world applications.
The press release by PwC states, ” PwC Hong Kong and PwC Singapore are delighted to announce that they are in a joint business relationship with VeChain Global Technology Holding Limited (“VeChain”), a Blockchain service provider specializing in the Internet of Things (“IoT”), supply chain management and anti-counterfeiting. In connection with this joint business relationship, PwC Hong Kong, and PwC Singapore have each acquired a small ownership interest in VeChain. ”
— PwC China / Hong Kong (@PwC_China) May 4, 2018
“PwC HK is now in discussions with VeChain to provide trust based services on the VeChain platform. This will require the use of VeChain Tokens to access and perform transactions on the platform. ”
Thank you @RaymundChao and rest of PwC executives for your innovation. https://t.co/Us8z8pOrYN
— VeChain Foundation (@vechainofficial) May 4, 2018
Raymund Chao, PwC Asia Pacific, and Greater China Chairman said: “We are glad to establish a deeper relationship with VeChain, which aims to build a trusted and distributed business ecosystem to help address long-standing challenges in supply chain management, food trust, and anti-counterfeiting areas. VeChain’s mission aligns with PwC’s purpose of solving important problems and building trust in society.”
VeChain’s platform has already been adopted by several established companies as part of their production system across various industries. PwC, Deloitte, EY, and KPMG have been enthusiastic to push crypto to minimize transaction fees and encourage digital currencies. The next plausible step could be rolling out crypto-based investments for better returns.
Image via The Week