VeChain partnerships are increasing more and more as the day goes by. Big players in different industries are teaming up with VeChain and businesses are using the VeChain nodes and VeChain blockchain for their businesses. During the VeChain summit, Sunny Lu announced the debut of ToolChain. ToolChain is a developer suite for those who want to build on the VeChain blockchain. During the same VeChain summit, it was revealed that Deloitte, a professional services firm is migrating from the Ethereum blockchain to the VeChain Thor blockchain. This is another win for the VeChain Thor blockchain and it is most likely going to impact the VeChain Thor price prediction and VeChain value in the future.
Having Deloitte migrate from the Ethereum blockchain to the VeChain blockchain is a big deal as it is one of the “Big Four” professional services firms. You’ll recall that VeChain already onboarded PricewaterhouseCoopers last year. So, the network has successfully onboard two out of the top four professional services firms. Both firms will be building solutions on the VeChain Thor blockchain. The other two firms among the big four are KPMG and Ernst and Young. These two are also interested in implementing blockchain technology for better services.
Apart from onboarding, Antonio Senatore, the Global CTO of Deloitte would become a member of the VeChain advisory board. Taking to Twitter, one member of the VeChain community talked about some of the recent VeChain news that would most likely influence the VeChain Thor price prediction and VeChain value this year and in the long run;
“#Deloitte announced they will be developing its #blockchain solutions on #VeChainThor and migrating from #Ethereum due to the advance features of the #VeChainThor blockchain. Their open source block explorer and #Loki (#Truffle for #VeChain) will be released to the public soon.”
The user also talked about another move that involved BMW. According to the post, the BMWGroup Asia is working on a decentralised app called VerifyCar. This app is being developed on the VeChain blockchain. The post was as follows;
“Cihan Albay (Leader IT Tech Office Singapore @BMWGroup Asia) confirmed that #BMW is developing a digital vehicle passbook #dApp called #VerifyCar for BMW Cars, recording the mileage, insurance, service records, etc on the #VeChainThor public #Blockchain.”
Keep in mind that earlier in the year, VeChain news about a partnership with Game of Thrones producers went viral. The VeChain nodes would be used for Game of Thrones sneakers. All the details of the sneakers throughout its life cycle would be recorded on the blockchain. Last year, they also sealed many other VeChain partnerships. Before the end of the year, the VeChain Foundation is going to secure more partnerships.
Deloitte generated over $43 billion in revenue last year. Having such a company move from Ethereum to VeChain Thor is a big deal. It is going to serve as a beacon for more companies to explore the VeChain Thor blockchain. This would lead to an increase in adoption of the VeChain blockchain and eventually boost the VeChain Thor price prediction long-term.
Right now, VeChain is trading at $0.007006. It is up by 1.10% against the USD and down by 3.87% against the price of BTC. The trading volume over a 24 hour period is $388,538,192 and the market capitalization is $16,885,075. With more VeChain news like this, the VET token may hit the $45 level as predicted by smartereum.com.
VeChain (VET) Price Today – VET / USD
What do you think about the VeChain news after the VeChain summit? Will things like ToolChain and onboarding Deloitte boost the VeChainThor price prediction and VeChain value? Share your thoughts in the comment section below.
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