Raymund Chao, PwC Asia Pacific, and Greater China Chairman said:
“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,”
The announcement comes just days after VeChain’s (VEN’s) rebranding to VET in advance of its mainnet release. It was in May of last year that PwC China and PwC Singapore announced that VeChain would become a portfolio company of their incubation programme.
Since then, VeChain has gained a lot of popularity, moving quickly to one of the top 15 cryptocurrencies by market cap. This partnership could drive more investors, and more capital towards their cryptocurrency.
The official VeChain twitter account quickly shared some additional details concerning this announcement, stating that VeChain will be providing “trust based services on the VeChain platform.”
"PwC HK is now in discussions with VeChain to provide trust based services on the VeChain platform. This will require the use of VeChain Tokens to access and perform transactions on the platform. "
Thank you @RaymundChao and rest of PwC executives for your innovation. https://t.co/Us8z8pOrYN
— VeChain Foundation (@vechainofficial) May 4, 2018
PricewaterhouseCoopers is the second biggest professional services firm in the world with offices in 158 countries. They have been ranked the most prestigious accounting firm in the world by Vault Accounting 50 for seven years in a row.
VeChain is a blockchain platform focused on making the management of supply chain more transparent, cost-effective and efficient. The VeChain ledger will track the movement of shipments and products in real-time.