PwC to Integrate With VeChain Blockchain Service Provider
PwC Purchased Stake
PricewaterhouseCoopers (PwC) which is a multinational consultancy and audit organization acquired a minority stake in the Chinese startup VeChain. This is according to the May 4 press release. VeChain Global Technology Holding Limited is characterized as a provider of blockchains services and has specialized in anti-counterfeiting, Internet of Things and supply chain management.
Therefore, with this in mind, PwC has an intention to integrate the VeChain’s service platform to the PwC infrastructure. This will need the use of the VeChain tokens to access and performance of the transactions.
VeChain’s system has been fully made in such a way that it applies IoT technology in the creation of private keys for a product. This makes it easy for tracing them in the entire distribution process. The participation of PwC will then contribute to VeChain’s expansion in Southeast Asia and Hong Kong.
PwC is considered to be one of the largest corporations in the “Big Four” when it comes to accounting and tax organizations in the world with KPMG, KPY, and Deloitte. Therefore, PwC achieved to be the second best mega professional services organization which accepts bitcoin, especially for the client involve settlements just after Ernst and Young.
Last year November, KPMG because of one among the large-scale organizations which adopt Blockchain. Therefore, the organization signed on just like a corporate member in the Wall Street Blockchain Alliance (WSBA), and this aims at the facilitation and also the implementing of the financial sector Blockchain innovations.
VeChain is considered the fifteenth best organization in regard to the market capitalization. Therefore, it has been involved in a recovery just in the middle of the string fundamental news due to the fact that the participants of the market have an excitement about the VeChainThor Blockchain whose Mainnet Launch has been expected to happen in June.