VeChain (VET) has announced a partnership with PricewaterhouseCoopers (PWC) and is willing to help the latter’s clients integrate distributed ledger technology (DLT) into their activities. In terms of adoption, VeChain (VET) has been on quite the upward trend, with the price of its native cryptocurrency VET increasing by over 400% in the last two months.
VET growth quite impressive
DLT (Distributed Ledger Technology), which is also the foundation of Bitcoin alongside other cryptocurrencies, is inserting itself into many sectors of the global economy, and VeChain (VET), a blockchain initiative focusing on improving corporate business processes, is one of the networks enabling widespread acceptance for DLT.
Furthermore, it was revealed through a tweet by the team behind VeChain that the organization is now an official affiliate of PricewaterhouseCoopers (PWC). PWC is a major professional services business that offers a wide range of services to its customers, including but not limited to forensics, auditing, tax, and advising.
Although VeChain’s relationship with DNV (formerly known as DNV GL), which is a leading Norwegian certified registrar, risk management well as quality assurance firm, has been well known by the media, its partnership with PWC comes as a little bit of a surprise and does go a long way towards demonstrating the project’s incremental globalization.
Partnerships bearing much fruit for VeChain
In another tweet, it had been made public knowledge that Vechain is an “exclusive” affiliate with DNV and PWC. Therefore, should either of their customers desire to utilize blockchain technology, then VeChain would ideally wish to be included in that conversation. The tweet has since elicited a flood of encouraging responses from its ecosystem stakeholders.
Moreover, following the introduction of the VeChain Thor mainnet in mid-2018, the platform has rolled out several solutions to various challenges that are being faced in the real world, and it has also thus evolved into becoming the network of choice for numerous businesses and enterprises. The VeChain team has since been working consistently in order to help transform the network into a key player within the DeFi (decentralized finance) ecosystem.
In addition to the Thor mainnet being successfully integrated into the systems of Health Evolution, which is a supplement manufacturer based in the United States, VeChain had also aligned itself with the RMIT (Royal Melbourne Institute of Technology). Through the RMIT’s Blockchain Innovation Hub, VeChain was able to assist in carrying out different kinds of research in order to come with various innovative and exciting new ways to further the continued growth of the blockchain industry.