Deloitte has made good on its promise to migrate from the Ethereum blockchain to the VeChainThor blockchain, after it was revealed at the VeChain Summit 2019 that the financial services firm would switch to VeChain’s blockchain.
Deloitte’s Director, Cillian Leonowicz, consulting at Deloitte and the EMEA Blockchain Lab Co-Lead, published a post on Twitter describing how the migration show over 20 smart contracts written per second,
We wrote more transactions than Bitcoin over the weekend by migrating our client work from Ethereum to VeChain – we managed to execute 20+ smart contract transactions per second. This is a massive achievement for our EMEA Blockchain Lab, VeChain and the DNV GL platform. We are #makinganimpactthatmatters and rolling out blockchain in production.
Antonio Senatore, Global CTO of Deloitte’s blockchain team, was equally pleased and said that there was some “important work” taking place,
This is what we call adoption and it’s only the beginning…some very important work on smart contract, especially the part related to versioning.
VeChain Redditors were pleased that about the exposure that Deloitte would bring to the project,
The big four of the professional services industry – Deloitte, PwC, Ernst and Young, and KPMG – are all keen on employing Distributed Ledger Technology (DLT) solutions to their industry. Indeed, they are all working on some initiative or the other. Deloitte, the largest of the four by revenue, seems to be leading the charge, while EY has built a Ethereum-focused privacy tool for its corporate clients.
Deloitte itself, in a 2018 global blockchain survey, has said that “blockchain getting closer to its breakthrough moment.”