Price Water House Coopers, better known as PwC, acquired a minority stake in VeChain, the cryptocurrency based in China. A press release of May 4th has confirmed this statement.
New Blockchain Platform Driven by PwC and VeChain Partnership
In an official statement, PwC announced that as part of a broader strategic partnership, the acquisition of a stake in VeChain (VEN) has been established primarily to use the Internet of Things (IoT) or Internet of Things. Objects.
PwC of Hong Kong said the company has begun talks with the VEN team to provide trust-based services through the VeChain platform. The statement states that VeChain tokens will be required to access and transact on the network.
Raymund Chao, President of PWC Asia Pacific said:
We are pleased to establish a closer relationship with VeChain, which aims to create a reliable and distributed business ecosystem to help address the long-standing challenges in supply chain management, trust and confidence. food and counterfeiting. VeChain's mission aligns with PwC's goal of solving important problems and building trust in society.Chao emphasized that strategic collaboration with VeChain marks PwC's first true initiative to make extensive use of Blockchain technology to deliver innovative professional services.
Shared enthusiasm in the community
One of the four largest audit and accounting firms in the world alongside Deloitte, EY and KPMG PwC's business model is based on the professional services it provides to large companies and organizations. The formation of a strategic partnership between PwC and VeChain and the acquisition of participation in VeChain signifies the company's desire to use public blockchain protocols and networks already widely adopted in many sectors.Scump, a Twitter user, said:
The number of transactions that will hit the Blockchain will be crazy with that only !!! Excellent work PwC / VeChain. »(Approximate translation)Krypto, a Reddit user commented:
There are so many companies under PwC in these areas. This sees a daily tokenization of logistics. "
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