The VeChain project has revealed that professional services firm Deloitte will develop solutions on the VeChainThor network, having decided to migrate from the Ethereum network.
The news was revealed at the VeChain Summit 2019 in San Francisco, which showcased how VeChainThor could be used for different applications and innovative upcoming solutions, such as ToolChain, which, according to VeChain, allows businesses to launch solutions in under 30 minutes. Also announced is the fact that Blockchain Global CTO of Deloitte, Antonio Senatore, will join VeChain’s advisory board.
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
Deloitte is one of the “Big Four” professional services firms, and fellow Big Four member Pricewaterhouse Coopers is also working with VeChain towards blockchain solutions. Deloitte is the biggest among these four, and all of the members – Ernst and Young and KPMG being the two others – are looking into the implementation of blockchain technology.
VeChain Making Good Progress in 2019
The VeChain project has made a lot of progress in 2019, securing numerous partnerships and revealing attractive solutions for businesses like ToolChain, and also having its NFC chips integrated into Adidas’ official sneakers for the new season of Game of Thrones. Getting Deloitte, which generated roughly $43 billion in revenue in 2018, to work with VeChainThor is no small achievement either, and offers some validation about the project’s potential.