SINGAPORE, Aug. 19, 2020 / PRNewswire / – Grant Thornton Cyprus, one of the world’s largest networks of professional services by independent member accountancy and consulting firms, partners with VeChain, the world’s leading company in user-friendly public blockchain.

VeChain_and_Grant_Thornton

The goal of this partnership is to combine and utilize VeChain’s advanced blockchain solutions to benefit various industries within Grant Thornton’s customer network . Prospective customers would represent heavyweights in their respective sectors covering among others food, pharmaceuticals, logistics and automotive.

Build trust using blockchain technology

Grant Thornton Cyprus expanded in September 2018 its technological services by launching a new line of services for the blockchain  (in English), a blockchain that corresponds to a department that started working with the collaboration ofGrant Thornton’s global networkpresent in more than 135 countries.

This specialized department will work closely with VeChain’s technical and industry experts to provide and implement blockchain related services for Grant Thornton customers locally and internationally.

The establishment of a dedicated blockchain services department is a testament to the vision and foresight of Grant Thornton Cyprus in recognizing the potential of this blockchain technology to facilitate the use and exchange of reliable and immutable data in the business world.

The adoption of blockchain will positively impact industries like supply chain management, renewable energy, e-commerce, entertainment, healthcare, financial industry and many more. With this partnership, VeChain’s industry-leading blockchain technology will help Grant Thornton Cyprus provide its customers with the best solutions they can trust.

Partnership opens door for thousands of companies to embrace blockchain

With strong in-house development capabilities supported by professional guidance from strategic partners like PwC  and DNV GL , VeChain has partnered with many leading companies in various industries and is committed to constant improvement in order to gain adoption. its one-stop data platform ‘blockchain’ as a service (BaaS) VeChain toolchain TM .

Sunny Lu , Co-Founder and CEO of VeChain, said: “The pandemic has caused a massive restructuring of the global economic order and this has underlined the urgency to digitize faster and the strong need for post-pandemic digital solutions. . We are dedicated to exploring more business scenarios with our partner Grant Thornton Blockchain Cyprus and are excited about what this partnership will produce. “

The development toolchain VeChain TM result of the vast experience of VeChain exploited with the deployment of the technology block chain in real scenarios of business, and this tool has become the standard ready-market in companies needing to integrate and adopt blockchain. The robust infrastructure VeChain toolchain TM will provide Grant Thornton Cyprus Blockchain stable support, safe and efficient.

With the combination of a professional consulting firm like Grant Thornton and market-leading blockchain technology from VeChain, this partnership will open the door to thousands of companies  who are drawn to exploring a An entirely new universe of opportunities through the implementation of this technology.

Alexis Nicolaou , Director of Distributed Ledger Technology at Grant Thornton Cyprus, commented:  “With the introduction of legislation governing blockchain technology in Cyprus imminent, Grant Thornton Cyprus is investing in partnerships. with leading companies in the sector so as to be able to meet the needs of its customers as well as other local and foreign companies. The wide range of applications offered by VeChain toolchain TM will help us meet these needs in the most effective and most efficient way. “

About VeChain

Since its inception in 2015 VeChain has established itself as a leading platform for enterprise-friendly blockchain. Its goal is to connect blockchain technology to the real world by providing businesses with blockchain solutions tailored to their business needs and to build a distributed business ecosystem platform that confidently delivers operational value. Through its one-stop BaaS data platform VeChain ToolChain ™, VeChain will continue to promote large-scale application of blockchain technology to help customers in their digital transformation and ultimately realize its long-term vision. the establishment of a real economy.

VeChain is the pioneer of real-world business applications. Its international operations extend to Singapore, Luxembourg , Tokyo , Shanghai , Beijing, Paris , America, Italy and San Francisco. We have strong independent development capabilities and benefit from professional compliance guidance provided by our strategic partners PwC (one of the four largest global accounting firms) and DNV GL (one of the world’s leading valuation and certification). This has allowed VeChain to form partnerships with many dominant companies in various sectors, in particular Walmart China, Bayer China, BMW, BYD Auto, PICC, H&M, ENN, Shanghai Gas, LVMH, DIG, ASI, etc. For more information, please visit the official website  www.vechain.com .

About Grant Thornton Cyprus

Grant Thornton Cyprus is one of the oldest accounting firms on the island, founded in 1942. The firm became a member company of Grant Thornton International in 1982. It provides insurance, tax and specialist advice a full range of business support services for clients spanning a wide range of industries from corporations and multinationals to public sector organizations and private businesses. As a member firm of Grant Thornton International, we are able to combine the knowledge and experience of our local marketplace with the technologies, methodologies and expert resources of a professional services organization at the forefront of the international accounting profession.

In September 2018, Grant Thornton ( Cyprus ) Limited extended its technology services with the launch of a new service line. Its Distributed Ledger Technology (or Blockchain) Department has since provided advisory services for the implementation of Distributed Ledger Technologies (DLT) in local and overseas businesses.

Thanks to the collaboration with Grant Thornton’s global network, whose presence covers more than 135 countries and which has invested heavily in this area, the team will be able to offer integrated solutions including feasibility reports, proof of concept, technical design, architecture. , development and application of distributed ledger technology. For more information, visit the official website   https://www.grantthornton.com.cy/services/distributed-ledger-technologies/

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SOURCE VeChain