Blockchain
VeChain Partners With Grant Thornton Blockchain Cyprus To Provide Advanced Blockchain Solutions
Grant Thornton Cyprus, one of the world’s largest professional services network of independent accounting and consulting member firms, is partnering with the world-leading enterprise friendly public blockchain VeChain.
This partnership aims to pair and utilize VeChain’s advanced blockchain solutions for various industries among the network of Grant Thornton clients. The prospective clients would be heavyweights of their respective industries, which spans across food, pharmaceutical, logistics and automotive sectors, among others.
Bridging Trust Using Blockchain Technology
In September 2018, Grant Thornton Cyprus grew its technology services with the launch of the new blockchain service line. This blockchain department was initiated in collaboration with Grant Thornton’s global network, with presence in over 135 countries.
The specialized department will be collaborating with VeChain’s technical and industrial experts to deliver and implement blockchain related services for Grant Thornton’s clients, both locally as well as foreign.
The establishment of a dedicated blockchain service department proves that Grant Thornton Cyprus has the vision and foresight to recognize the potential of blockchain technology enabling the usage and exchange of trustworthy immutable data in the business world.
Sectors such as supply chain management, renewable energy, e-commerce, entertainment, health, finance and much more will be positively affected with the adoption of blockchain. With this partnership, VeChain’s industry-leading blockchain technology will assist Grant Thornton Cyprus to provide the best solutions that their clients can rely on.
Partnership Opens Door To Thousands of Companies To Adopt Blockchain
With strong in-house development capabilities coupled with professional guidance from strategic partners such as PwC and DNV GL, VeChain has established partnerships with many leading enterprises across various industries and continued the continuous improvement and adoption of its one-stop data BaaS platform, VeChain ToolChainTM.
Sunny Lu, Co-Founder and CEO at VeChain, says, “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. We are dedicated to exploring more business scenarios with our partner Grant Thornton Blockchain Cyprus and are excited with what’s to come as a result of this partnership.”
Developed using VeChain’s extensive experience in the deployment of blockchain technology in real business scenarios, VeChain ToolChainTM has become the market’s business-ready standard tool for blockchain integration and adoption. VeChain ToolChainTM‘s robust infrastructure will provide Grant Thornton Blockchain Cyprus with stable, secure, and efficient support.
Combining Grant Thornton’s professional consultancy and VeChain’s market-leading blockchain technology, the partnership will open the doors to thousands of companies that are interested in exploring a whole new world of opportunities through the implementation of this technology.
Alexis Nicolaou, Grant Thornton Cyprus’s Director of Distributed Ledger Technology says: “As the coming of legislation governing Blockchain Technology in Cyprus is imminent, Grant Thornton Cyprus is investing in partnerships with leading businesses in the industry, so as to be able to meet the needs of its client base and other local and foreign companies. The extensive range of applications that VeChain ToolChainTM offers, will help us in meeting those needs in the most effective and efficient manner”.
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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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