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.

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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 ToolChain^TM.

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.”

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Developed using VeChain’s extensive experience in the deployment of blockchain technology in real business scenarios, VeChain ToolChain^TM has become the market’s business-ready standard tool for blockchain integration and adoption. VeChain ToolChain^TM‘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 ToolChain^TM offers, will help us in meeting those needs in the most effective and efficient manner”.