The enterprise blockchain platform VeChain says it’s teaming up with accounting and consulting giant Grant Thornton Cyprus to bring advanced distributed ledger technology solutions to a wide range of industries.
In a press release, VeChain says the partnership will allow the clients of Grant Thornton Cyprus including companies operating in the pharmaceutical, logistics, food, automotive industries, and others to tap into VeChain’s blockchain-based platform.
The cooperation between the two companies comes as businesses around the world struggle with their supply lines amid the global pandemic. Sunny Lu, co-founder and chief executive of VeChain, says the coronavirus outbreak highlights the need for new measures.
“The pandemic has been an imminent restructuring of the global economic order, which emphasizes the urgency of accelerating digitalization which enhances the need for digital solutions in the post-pandemic.”
Alexis Nicolaou, Grant Thornton Cyprus’s director of distributed ledger technology, says the adoption of legislation that covers blockchain technology in Cyprus is “imminent.” In 2018, the consulting and accounting giant launched its distributed ledger technology department, which now provides advisory services on blockchain technology.
VeChain says it will be working with the specialized department to bring its blockchain-related services to Grant Thornton Cyprus’s local and international clients.
Grant Thornton Cyprus is a professional network of independent assurance, tax, and advisory companies. The network consists of over 56,000 professionals spanning across 140 countries.