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- With Grant Thornton Cyprus VeChain has gained the next renowned consulting company as a partner, which will promote the adoption of the VeChainThor blockchain across various industries.
- According to the announcement, the partnership will open the doors for thousands of companies interested in using the VeChain ToolChain™.
The VeChain Foundation, as announced yesterday, has partnered with Grant Thornton Cyprus, the next big player in the audit and consulting industry. With PricewaterhouseCoopers (PwC), one of the world’s four leading accounting firms and DNV GL, a leading global assessment and certification company, VeChain already has two very influential consulting firms as strategic partners at its side, which have already contributed significantly to the adoption of VeChain.
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 services worldwide.
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 technology.
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 published yesterday:
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 technology.
Sunny Lu, co-founder and CEO of VeChain, added:
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 said:
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.
