PricewaterhouseCoopers’s (PwC) subsidiaries PwC Hong Kong and PwC Singapore announced their collaboration with blockchain service provider VeChain, which focuses on Internet of Things (IoT) technology, supply chain management, and anti-counterfeiting. According to an agreement announced on May 4, 2018, PwC Hong Kong and PwC Singapore each bought a small stake in the startup, which is behind the 15th largest cryptocurrency according to Coinmarketcap data.
Currently, PwC Hong Kong is in talks with VeChain to offer trust-based solutions on its blockchain platform. The services will involve VeChain tokens to provide access to the platform features.
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