Grant Thornton Partners VeChain for Advanced Blockchain Solutions

VeChain, a leading enterprise-friendly public blockchain platform, announced today that it has partnered with one of the world’s oldest independent accounting firms, Grant Thornton, in a bid to advance the blockchain solutions for Grant Thornton’s clientele.

Based in Cyprus, the accounting firm advanced its technology services when it adopted blockchain features into the service platforms of one of its units, which is now actively operating in more than 135 countries across the globe.

The grafting out of a blockchain unit in September 2018 is an indication that Grant Thornton firm has envisaged the prospects of fostering its ability to share permanent data in the business world using the blockchain solution.

Grant Thronton hopes to tap from the VeChain’s wealth of experience in providing blockchain solutions and unleash VeChain’s blockchain support to soothe the needs of their potential customers from all works of life, ranging from the pharmaceutical to agricultural industries, from Automotive services to Logistic firms.

VeChain intends to support Grant Thornton with the advantage of its VeChain ToolCahin, a blockchain platform uniquely designed for business settings, which has served as an “ever-ready” standardization mechanism for adoption and integration.

Per the announcement, VeChain CEO Sunny Lu commented:

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.

Among other things, the collaboration will pave the way for both local and foreign institution, to experience new opportunities as they utilize the blockchain technology in businesses.

Furthermore, Grant Thornton Director of Distributed Ledger Technology (DLT), Alexis Nicolaou agrees that VeChain’s support will aid Grant Thornton on its journey to deploy ultimate, trustworthy solutions to their clients in various sectors including the entertainment industry, health sector among others. He added:

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, 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 most effectively and efficiently.

For one thing, the VeChain blockchain network continues to record increased adoption while also improving its use cases.  Earlier this month,  Coinfomania reported that VeChain rolled out a market-ready blockchain food safety solution to meet the urgent needs of the food industry.

See Also: VeChain-based Tokenfarm to Pilot Large Scale Tracing of Italy-Made Tomatoes

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