VeChain’s New Partnership Might Convey Blockchain Tech to Dozens of Untapped Industries

The VeChain Basis has partnered with accounting and consulting agency Grant Thornton Cyprus.

In accordance with an announcement from the corporate, the partnership hopes to increase blockchain options to a wide range of industries. These will largely be decided by the Cypriot firm’s community of shoppers however could embody the meals trade, prescription drugs, logistics, the automotive trade, provide chain administration, renewable power, e-commerce and extra.

Discussing the corporate’s curiosity in Blockchain improvement, Grant Thornton Cyprus’ director of distributed expertise, Alexis Nicolau, famous that laws governing blockchain expertise in Cyprus “is imminent.”

Sunny Lu, co-founder and CEO aofVeChain, believes that the pandemic has helped to restructure the worldwide financial order. He says that the scenario inspired VeChain to speed up “digitalization which boosts the necessity for digital options” within the post-pandemic period.

Just lately, the VeChain Basis introduced a blockchain-based food safety solution primarily based on its blockchain-as-a-service platform.

The companies provided by the platform embody templates for origin traceability, cross-border traceability, full-process traceability and extra.

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