PwC Digs Further into Blockchain, Acquires Minority Stake in VeChain
Posted: Thu May 03, 2018 3:01 pm
PwC, an accounting powerhouse with over 220,000 employees and a $36 billion annual revenue, has made its first official investment in the blockchain industry. The company’s arms in Hong Kong and Singapore have each acquired a small ownership interest in VeChain, a blockchain-based anti-counterfeit and supply chain startup out of China.
The investment is thought to provide PwC with VeChain’s trust based services through its platform, which will require the use of VeChain Tokens to access and perform transactions. VeChain’s platform has already been adopted by several established companies as part of their production system across various industries.
VeChain is a subsidiary ... (read more)