- The announcement confirms recent rumors
- VeChainThor applications allow personalized blockchain solutions
- Bagging Deloitte is a big score for VeChain
The VeChain project has announced that Deloitte will join its network to develop its own blockchain solution on the VeChainThor network. The leading auditing company has announced its migration from the Ethereum network.
News Confirms Rumors
The news was revealed in a tweet following the VeChain 2019 Summit taking place in San Francisco, where VeChain showcased the potential of its VeChainThor network for different applications and innovative upcoming solutions.
4) #Deloitte announced they will be developing its #blockchain solutions on #VeChainThor and migrating from #Ethereum due to the advance features of the #VeChainThor blockchain. Their open source block explorer and #Loki (#Truffle for #VeChain) will be released to the public soon pic.twitter.com/RZbHLkl4Y6
— bsc44 (@bsc44_x) April 19, 2019
A good case is the ToolChain which VeChain says enables businesses to launch personalized solutions in less than 30 seconds. The firm also stated that Blockchain Global CTO of Delloite, Antonio Senatore was joining VeChain’s advisory board.
The news confirms the rumors that BR reported about a few days ago about the upcoming partnership between VeChain and Deloitte, one of the “Big Four” professional service firms. Deloitte follows on the footsteps of another Big Four member, Price Waterhouse Coopers which is also working with VeChain in the development of its blockchain solution. Deloitte is actually the biggest of the four members, which also include Ernst and Young and KPMG, all of which are also said to be working on implementing blockchain-based solutions.
Blockchain Generation Platform
VeChainThor is a blockchain platform that focusses on enterprise adoption. VeChain enables the creation of self-executing contacts that have a guaranteed outcome without third-party trust. The tool allows creating decentralized applications (Dapps) which they can potentially use to solve enterprise problems. Some of the best examples include anti-counterfeiting in luxury items, cold chain logistics, and automobiles.
One of the most recent partnerships included the complete migration of DNVGL’s Management System Certificates to VeChain’s public blockchain.
As reported by BR, DNVGL’s use of the My Story application that is powered by VeChain enables consumers to look back into a product’s history. Italian winemakers were already implementing the technology into their supply chain. The company plans to launch their digital wallet this summer and this will allow all users in the DNVGL ecosystem to store and exchange digital assets including cryptocurrencies.
Good Progress in 2019
The firm at the VeChain summit 2019 made a major product announcement that featured the turnkey solution “ToolChain” that any business can easily adopt and customize.
The project has made considerable progress in 2019 with serious partnerships and attractive solutions being announced. By getting Deloitte onboard, which generated at least $43 billion in revenue in 2018, to use the VeChainThor platform, gives the platform the correct validation about the project’s potential.