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.

Photo - https://mma.prnewswire.com/media/1229764/VeChain_and_Grant_Thornton.jpg 
Logo - https://mma.prnewswire.com/media/738221/VeChain_Logo.jpg 

Bridging Trust Using Blockchain Technology
In September 2018, Grant Thornton Cyprus grew its technology services with the 
launch of the new blockchain service line ( 
https://c212.net/c/link/?t=0&l=en&o=2887670-2&h=3906399409&u=https%3A%2F%2Fwww.grantthornton.com.cy%2Fpress%2Fpress-releases-2018%2Fgrant-thornton-cyprus-launches-blockchain-services%2F&a=In+September+2018%2C+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 ( 
https://c212.net/c/link/?t=0&l=en&o=2887670-2&h=4005676709&u=https%3A%2F%2Ffinance.yahoo.com%2Fnews%2Fbig-four-giant-pwc-invests-124712048.html%3F&a=PwC 
)and DNV GL ( 
https://c212.net/c/link/?t=0&l=en&o=2887670-2&h=3118885903&u=https%3A%2F%2Fwww.dnvgl.com%2Fnews%2Fdnv-gl-buys-stake-in-leading-public-blockchain-service-provider-vechain-as-it-strengthens-commitment-to-raising-trust-and-transparency-through-digital-solutions-119749%23%3A%7E%3Atext%3DPeter%2520Lovegrove%2C-Media%2520Relations%2520and%26text%3DDNV%2520GL%252C%2520the%2520risk%2520management%2Cdevelop%2520new%2520digital%2520assurance%2520solutions.&a=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."

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".

About VeChain

As a leading enterprise friendly public blockchain platform, VeChain began in 
2015 and aims to connect blockchain technology to the real world by providing 
enterprises with blockchain solutions suitable for their business needs and to 
build a trust-free and distributed business ecosystem platform for business 
value. With VeChain ToolChain(TM), a one-stop data BaaS platform, VeChain will 
continue to promote the large-scale application of blockchain technology, help 
enterprise clients in digitalization transformation, and eventually realize the 
long-term vision of enabling the real economy.

VeChain is the pioneer of real-world business applications, with international 
operations in Singapore, Luxembourg, Tokyo, Shanghai, Beijing, Paris, America, 
Italy and San Francisco. With strong independent development capabilities, and 
the professional compliance guidance of our strategic partners, PwC (one of the 
world's top four accounting firms) and DNV GL (a leading global assessment and 
certification society), VeChain has established partnerships with many leading 
enterprises in various industries, including Walmart China, Bayer China, BMW, 
BYD Auto, PICC, H&M, ENN, Shanghai Gas, LVMH, D.I.G, ASI etc. For more 
information, please visit the official website www.vechain.com

About Grant Thornton Cyprus

Grant Thornton Cyprus is one of the oldest accounting practices on the island. 
Founded in 1942, the firm became a member firm within Grant Thornton 
International in 1982. It offers a full range of assurance, tax, specialist 
advisory and business support services to clients ranging from public companies 
and multinationals to government agencies and private businesses across a broad 
spectrum of industries. As a member firm within Grant Thornton International, 
we are able to combine the knowledge and experience of our local marketplace 
with the technologies, methodologies and specialist resources of a professional 
services organisation at the forefront of the global accounting profession

In September 2018, Grant Thornton (Cyprus) Limited grew its technology services 
with the launch of a new service line. The distributed ledger technology 
department (or blockchain) has been providing advisory services related to the 
implementation of DLT technologies for local and foreign businesses.

In collaboration with Grant Thornton's global network, with presence in over 
135 countries, which has invested heavily in this field, the team will offer 
integrated solutions including feasibility reports, proof of concept, technical 
design, architecture, development and implementation of distributed ledger 
technology. For more information, visit the official website 
https://www.grantthornton.com.cy/services/distributed-ledger-technologies/

SOURCE:  VeChain

CONTACT: VeChain - For news inquiries, please contact press@vechain.com; Grant 
         Thornton Cyprus - For inquiries, please contact 
         alexis.nicolaou@cy.gt.com