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.
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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