{"id":7054,"date":"2018-05-05T00:27:11","date_gmt":"2018-05-05T00:27:11","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=7054"},"modified":"2018-05-05T00:27:11","modified_gmt":"2018-05-05T00:27:11","slug":"pwc-acquires-stake-in-vechain-which-announced-mainnet-launch","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/pwc-acquires-stake-in-vechain-which-announced-mainnet-launch\/","title":{"rendered":"PwC Acquires Stake In VeChain, Which Announced Mainnet Launch"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4955 alignleft\" src=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/02\/vechain.jpg\" alt=\"\" width=\"380\" height=\"250\" \/>PwC Hong Kong and <a href=\"https:\/\/www.pwc.com\/sg\/en.html\">PwC Singapore<\/a> have <a href=\"https:\/\/www.pwchk.com\/en\/press-room\/press-releases\/pr-040518.html\">entered into a partnership with VeChain<\/a> Global Technology Holding Limited (VeChain), a blockchain technology company specialized in supply chain management, Internet of Things, and anti-counterfeiting. In light of this partnership, PwC Hong Kong and PwC Singapore have acquired a stake in VeChain (VEN \/ VET), which is scheduled to launch its mainnet in June.<\/p>\n<p>PwC, a professional services firm and one of the top four accounting firms in the world, also announced that it is currently having discussions <a href=\"https:\/\/www.vechain.org\/\">with VeChain<\/a> to provide trust based services on the VeChain platform. To access the platform and perform transactions, a client has to <a href=\"https:\/\/www.legitgambling.com\/cryptocurrency\">use VeChain tokens<\/a>.<\/p>\n<p><strong>Raymund Chao, PwC Asia Pacific and Greater China Chairman<\/strong> opined that this is an important strategic collaboration to provide innovative professional services using blockchain technology.<\/p>\n<p><strong>Chao<\/strong> further said<\/p>\n<blockquote><p>\u201cWe are glad to establish a deeper relationship with VeChain, which aims to build a trusted and distributed business ecosystem to help address long-standing challenges in supply chain management, food trust and anti-counterfeiting areas. VeChain\u2019s mission aligns with PwC\u2019s purpose of solving important problems and building trust in society.\u201d<\/p><\/blockquote>\n<h2>About PwC Hong Kong and PwC Singapore<\/h2>\n<p><a href=\"https:\/\/www.pwchk.com\/en.html\">PwC China, Hong Kong,<\/a> Singapore and Taiwan work together on a collaborative basis. Collectively, they have around 800 partners and 20,000 people in total. PwC provide organisations with the professional service they need, wherever they may be located. The highly qualified, experienced professionals listen to different points of view to help organizations solve their business issues and identify and maximize the opportunities they seek.<\/p>\n<h2>VeChain mainnet launch<\/h2>\n<p>In other news, VeChain has announced that its mainnet will go live at the end of June. The exact launch date is yet to be announced.<\/p>\n<p>Before launching the mainnet, the network will go through a public alpha test phase, which will include participation from several reputed third party code auditors and cyber security firms, both small and large. VeChain will also choose 100 public testers to validate the network. In this regard, from May to early June, VeChain Foundation will accept applications from public alpha testers. The 100 selected testers will have expertise in cybersecurity, enterprise software development, blockchain development, enterprise application testing, etc. VeChain will compensate for the support offered by the public alpha testers for the critical insight offered to the VeChain Core team.<\/p>\n<p>The code base will be available to the public by early June. VeChain community members can perform a Public Beta Test of the code base and wallet at that time. The public beta test will last until the mainnet is launched at the end of June.<\/p>\n<p>The schedule of events leading to the launch of mainnet is as follows:<\/p>\n<p>\u2022 Alpha 1.0 &#8211; mid April to mid May,<br \/>\n\u2022 Alpha 2.0 &#8211; mid May\u200a to early June,<br \/>\n\u2022 Beta phase, open source code &#8211; early June\u200a to end of June.<br \/>\n\u2022 Mainnet Launch &#8211; end of June<\/p>\n<p>Since the beginning of April, VeChain has appreciated by nearly 140% to trade at about $5.30. In addition to VeChain, <a href=\"https:\/\/www.legitgambling.com\/cryptocurrency\/eos\">Tron (TRX) and EOS (EOS) are <\/a>also launching their mainnet in June. So, June will be an exciting month for cryptocurrency investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PwC Hong Kong and PwC Singapore have entered into a partnership with VeChain Global Technology Holding Limited (VeChain), a blockchain technology company specialized in supply chain management, Internet of Things, and anti-counterfeiting. In light of this partnership, PwC Hong Kong and PwC Singapore have acquired a stake in VeChain (VEN \/ VET), which is scheduled [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-7054","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PwC Acquires Stake In VeChain, Which Announced Mainnet Launch<\/title>\n<meta name=\"description\" content=\"PwC Hong Kong and PwC Singapore have entered into a partnership with VeChain Global Technology Holding Limited (VeChain) to provide trust based services. In light of this partnership, PwC Hong Kong and PwC Singapore have acquired a stake in VeChain, which is scheduled to launch its mainnet in June.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legitgambling.com\/news\/pwc-acquires-stake-in-vechain-which-announced-mainnet-launch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PwC Acquires Stake In VeChain, Which Announced Mainnet Launch\" \/>\n<meta property=\"og:description\" content=\"PwC Hong Kong and PwC Singapore have entered into a partnership with VeChain Global Technology Holding Limited (VeChain) to provide trust based services. In light of this partnership, PwC Hong Kong and PwC Singapore have acquired a stake in VeChain, which is scheduled to launch its mainnet in June.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legitgambling.com\/news\/pwc-acquires-stake-in-vechain-which-announced-mainnet-launch\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-05T00:27:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/02\/vechain.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cameron Bishop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/pwc-acquires-stake-in-vechain-which-announced-mainnet-launch\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/pwc-acquires-stake-in-vechain-which-announced-mainnet-launch\\\/\"},\"author\":{\"name\":\"Cameron Bishop\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"headline\":\"PwC Acquires Stake In VeChain, Which Announced Mainnet Launch\",\"datePublished\":\"2018-05-05T00:27:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/pwc-acquires-stake-in-vechain-which-announced-mainnet-launch\\\/\"},\"wordCount\":525,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/pwc-acquires-stake-in-vechain-which-announced-mainnet-launch\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/vechain.jpg\",\"articleSection\":[\"Cryptocurrency\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/pwc-acquires-stake-in-vechain-which-announced-mainnet-launch\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/pwc-acquires-stake-in-vechain-which-announced-mainnet-launch\\\/\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/pwc-acquires-stake-in-vechain-which-announced-mainnet-launch\\\/\",\"name\":\"PwC Acquires Stake In VeChain, Which Announced Mainnet Launch\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/pwc-acquires-stake-in-vechain-which-announced-mainnet-launch\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/pwc-acquires-stake-in-vechain-which-announced-mainnet-launch\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/vechain.jpg\",\"datePublished\":\"2018-05-05T00:27:11+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"description\":\"PwC Hong Kong and PwC Singapore have entered into a partnership with VeChain Global Technology Holding Limited (VeChain) to provide trust based services. 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