VeChain has gained the next renowned consulting company as a partner
As announced yesterday, The VeChain Foundation has partnered with Grant Thornton Cyprus, the next big player in the auditing and consulting industry. Along with PwC, one of the world’s top four accounting firms, and DNV GL, a leading global assessment and certification company, Wistron already has two highly influential consulting firms as strategic partners that have contributed significantly to its adoption. In partnership with Grant Thornton, VeChain has become the next leading consulting partner to drive the use of VeChainThor blockchain in various industries. According to the statement, the partnership will open the door to thousands of companies interested in using the VeChain tool chain.
Grant Thornton Cyprus is one of the world’s
largest professional service networks of independent accounting and consulting
firms. Grant Thornton is the seventh largest professional services network of
independent accounting and consulting firms providing audit, tax and advisory
The consulting firm offers a comprehensive
range of services, ranging from public companies and multinational corporations
to government agencies and private companies in a broad spectrum of industries.
As stated in the official press release, the partnership aims to bundle and
leverage VeChain’s blockchain solutions for various industries in the network
of Grant Thornton Cyprus’ customers.
The potential customers are heavyweights in
their respective industries, including food, pharmaceutical, logistics and automotive.
The VeChain Foundation will work with the company’s blockchain Department,
which was established in September 2018, to deliver and implement
blockchain-related services to Grant Thornton’s clients in over 135 countries.
Both teams will jointly provide integrated
solutions including feasibility reports, proof of concepts, technical designs,
architecture, and the development and implementation of the distributed ledger
The partnership opens the door to VeChain
adoption for thousands of companies
As the press release further states, the
VeChain Foundation has already established numerous cooperations with leading
companies from various industries in the past, with “strong internal
development capacities in connection with professional consulting by strategic
partners such as PwC and DNV GL”. The basis for this is the
Blockchain-as-a-Service (BaaS) platform, the VeChain ToolChain™.
This has been developed on the basis of
VeChain’s extensive experience in real business scenarios and, as VeChain
states, has now become the “market-ready standard tool for blockchain
integration and adoption”. In this sense VeChain writes within the blog post
Combining Grant Thornton’s professional
consultancy and VeChain’s market-leading blockchain technology, the partnership
will open the doors to thousands of companies that are interested in exploring
a whole new world of opportunities through the implementation of this
Sunny Lu, co-founder and CEO of VeChain,
The pandemic has been an imminent
restructuring of the global economic order, which emphasizes the urgency of
accelerating digitalization which enhances the need for digital solutions in
the post-pandemic. We are dedicated to exploring more business scenarios with
our partner Grant Thornton Blockchain Cyprus and are excited with what’s to
come as a result of this partnership.
Alexis Nicolaou, Grant Thornton Cyprus’s
Director of Distributed Ledger Technology, praised the VeChain ToolChain™ and
As the coming of legislation governing
Blockchain Technology in Cyprus is imminent, Grant Thornton Cyprus is investing
in partnerships with leading businesses in the industry, so as to be able to
meet the needs of its client base and other local and foreign companies. The
extensive range of applications that VeChain ToolChain™ offers, will help us in
meeting those needs in the most effective and efficient manner.
Author : Jake Simmons