Deloitte Flaunts New Ethereum Project Launch At Consensus 2019 Despite VeChain Rumors

It is fair to say that Consensus 2019 is bombing. The Hilton Midtown Hotel is currently full of people and the event is in full swing. During a recent session, Deloitte talked about the recent rumors that the company would change from Ethereum to VeChain.

CCN talked to Antonio Senatore at the event, the global CTO of Deloitte. He discussed the involvement of the company with the blockchain technology.

He affirmed that the company still remains considerably committed to working with the Ethereum technology. Deloitte is a multi-platform company, meaning that at least half of their projects are built on top of the Ethereum blockchain but some will be made on other platforms like VeChain.

A member of the team affirmed that they all held a very highly regard for Ethereum and that it was certainly a very robust network that could be properly used for several different projects and even for interactions with platforms.

The CTO of the company also affirmed that they would certainly launch a very large project by the end of the year that would be based on Ethereum.

Deloitte Believes That No Single Platform Will Rule The Crypto Development World

While still defending its decision of keeping with the development of Ethereum, Deloitte has also affirmed that they did not believe that a single platform would end up ruling the development.

The rumors that VeChain would be used are, indeed, real, only the ones that the company would abandon Ethereum were not. VeChain will specifically be used for the company’s clients which have some different needs from the most common ones.

VeChain was actually chosen because some people deemed the costs of Ethereum to be too high and prices to be too volatile. This way, they were able to have a good backup choice in case someone did not like the idea of using Ethereum so much.

Deloitte ended by affirming that we are entering a new era in which people will start to use the blockchain for more specific purposes and, because of this, they will need a solution that is not the common one. Fortunately, we got more options every day.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Gabriel Machadohttps://bitcoinexchangeguide.com/
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,473FansLike
2,795FollowersFollow
4,198FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Is it that Time Again? Yes it is! The Market is giving All the Signs that it is an Alt Season

Everything is popping! Is anyone getting 2017 vibes? https://twitter.com/CryptoMichNL/status/1280821951011999745 Tis' the time when gains floweth over. Today, even bitcoin jumped to $9,480 with $1.2 billion in ‘real’ trading...

South Korean Govt. Permits Blockchain-Based Free Trade Zone for Industrial Hemp After Amending 70 Year Old Narcotics Law

The South Korean government has granted a permit to Andong city in Gyeongbuk province of South Korea to run a free trade zone for...

Kraken and Binance Form New Partnerships to Offer More Fiat Funding Options

Amidst the flying altcoins and stuck Bitcoin, cryptocurrency exchanges continue to add new options to allow users to buy and sell digital assets. Kraken has...

India’s Tech Giant, Tata Consultancy Services (TCS), to Launch ‘Quartz' Crypto Trading Solution For Institutions

Tata Consultancy Services (TCS), a subsidiary of India’s largest tech firm, Tata, announced the launch of a crypto solution enabling traditional financial institutions to...

Nexo Collabs With Chainlink; Using Its Decentralized Oracle Network for Crypto Lending Transparency

Nexo’s, leading crypto lender will integrate Chainlink’s extensive Oracle Network to its platform in a bid to decentralize and secure its infrastructure as...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today