VeChain Growing with Big Partnerships, VET Coin Price Already Starting to See the Effects
Deloitte has left Ethereum and now running on VeChainThor Blockchain, becoming the second “Big Four” to join VeChain, however, VeChain isn’t new to partnerships with big names from mainstream industries. This has the community and price excited as VET surges over 9%.
This Is Adoption & It’s Only The Beginning
After revealing at the VeChain Summit 2019, Deloitte has finally made its transition from the Ethereum blockchain to VeChain Thor blockchain. Recently, Deloitte director, Cillian Leonowicz, took to LinkedIn to share how the shift to VeChain has turned out to be really beneficial for them.
“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.”
VeChain team, community, and its founder are all excited as CEO, Sunny Lu said,
“It’s just a start. Great work!”
Antonio Senatore, the global CTO of Deloitte’s blockchain team was quick to respond with the results they have been seeing as he commented,
“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.”
Dominating The Broader Market
The multinational professional services network Deloitte is one of the big four accounting organizations that provide tax, audit, consulting, and financial advisory services to over 285k professionals globally.
However, this is not the only “Big Four” that VeChain has captured the interest of, PriceWaterhouseCoopers (PwC) is another one. Back in 2017, both the companies first collaborated to boost the adoption of blockchain technology in Asia.
The aim of VeChain is to strike a balance between humans and machines by collaborating with some big names viz. DNV GL, National Research Consulting Center (NRCC), Yida China Holdings Limited, Direct Imported Goods (D.I.G), DB Schenker, BMW Group, LVMH, Groupe Renault, NTT Docomo, and People’s Insurance Company of China (PICC) among
From automobile, food, beverages, to finance, telecommunications, logistics, and consumer goods, VeChain has made its presence in the broader market.
As the Internet of Things (IoT) continues to garner acceptance, VeChain could be expected to make even bigger wave moving forward.
Recently, in its Summit, VeChain also announced its latest product ToolChain which is a kit that contains all the necessary software, hardware, and service protocols to help a business onboard on the VeChainThor blockchain. This kit comes with 3 versions viz. standard, developer, and channel partner to cater to different technical capability levels of businesses.
VET Surged Over 9 Percent
As the market turned green, VET went green with elation on the back of Deloitte’s migration from Ethereum to VeChain. At the time of writing, VET has been trading at $0.00648 with 24-hours gains of more than 9 percent.
In mid-December, VET had dropped down to $0.0033 low but till now in 2019 it has surged 64 percent.