Another 'Big Four' company: Deloitte moves from Ethereum to VeChain

23 Apr, 2019
by Jelmer van der Dussen
News
Another 'Big Four' company: Deloitte moves from Ethereum to VeChain

Deloitte has announced it will be developing its blockchain solutions on VeChain Thor, the VeChain blockchain. It's the second massive partnership for VeChain in the consultancy firm industry, after Pricewaterhouse Coopers started working with and even investing in VeChain.

That means two from the 'Big Four' (Deloitte, PwC, KPMG and Ernst and Young) have announced a partnership with the project that aism to be 'a leading global enterprise level public blockchain platform'.

Deloitte announced the partnership with VeChain during the VeChain Summit 2019 in San Francisco, where both Parminder Parmar (Lead Blockchain Architect Deloitte) and Michael Burke (Blockchain Consultant) were present. Next to that, Blockchain Global CTO of Deloitte Antonio Senatore did a talk on video during the event, in which he announced that he will be joining VeChain's Advisory Board.

But the biggest news from the Summit was the announcement that Deloitte will be developing its blockchain solutions on VeChain Thor, migrating from the Ethereum network. According to Deloite, VeChain has advanced features that makes them a more interesting blockchain than Ethereum.

On Reddit, one user points out how massive the industry is where Deloitte and PwC are working in.

VeChain has both PwC and Deloitte onboard, that's half of the big four with Deloitte being the largest one, and PwC the second largest.

Deloitte revenue = 43 billion dollars

PwC revenue = 41 billion dollars

Personally my VET bags are my comfy sleeping bags.

Recently, VeChain teamed up with Adidas and HBO for a special Game of Thrones sneaker, that contains a chips that verifies their authenticity on the VeChain Thor blockchain.

The price of VeChain (VET) didn't really react to the Deloitte news. The VET token is now trading at $0.007, gaining 2,8% in the last 24 hours.

Chart provided by Tradingview

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Read more about: Deloitte

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