VeChain [VEN] partners with one of the ‘big four auditors’ to provide new blockchain platform


Price Water House Coopers [PWC] Hong Kong announced that it was partnering with VeChain Global Technology Holding Limited to provide trust-based services on the Vechain platform.

PWC is a large professional service network. It is one of the largest professional firms in the world and is a part of the Big four auditors along with KPMG, Deloitte, and EY. It is ranked as the most prestigious firm as well as the top firm to get a good job. It is located in 158 countries.

VeChain is a non-profit blockchain platform established in Singapore who believes that a well-governed foundation is a key to longevity, growth, and stability.

PWC Hong Kong and PWC Singapore announced that they would enter into a joint business relationship with VeChain, a blockchain service provider specializing on the Internet of Things, supply chain management, and anti-counterfeiting. Both the branches of PWC have also acquired a small ownership interest in VeChain.

The companies aim to provide trust-based services on the VeChain platform. The users will have to use the VeChain Tokens to access and perform transactions on the platform.

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Raymund Chao, the Chairman of PWC Asia Pacific says:

“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.”

Scump, a Twitter user says:

“The number of transactions that’ll hit the blockchain will be insane from this alone!!! Great work PwC / VeChain.”

Krypto, a Reddit user says:

“So many companies under PwC in these regions. Day to day tokenisation of logistics .”

Matt, another Twitter user says:

“More clients, more demand, more thor required, more VET to generate thor, Price will touch USD100 by EOY 2018”

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