At the VeChain Summit 2019 in San Francisco, Deloitte, a multinational professional services network, revealed that it will develop a blockchain solution on VeChainThor network after complete migration from the Ethereum network to the former.
While it served as the biggest news for Vechain at the summit, the partnership marked the second of its kind for Vechain in the consultancy firm industry, after a previous one with Pricewaterhouse Coopers.
The migration saw Deloitte’s Europe, Middle East and African (EMEA) client work being moved from Ethereum to Vechain network.
As if that was not enough, the euphoria in the Vechain community has again been raised following an update shared by the Director of Deloitte, Cillian Leonowicz.
Leonowicz in the update revealed that the migration of the company’s client work from Ethereum to Vechain has brought goodness to Deloitte. He said over the weekend, Deloitte recorded more transactions that Bitcoin by completing the relocation.
EMEA blockchain performed more than 20 smart contract transactions per seconds, and a total of 359,008 transactions were accomplished.
While all the transactions were performed on Vechain blockchain, this marked the first time Vechain recorded more transaction than Bitcoin in 24 hours.
About Deloitte
Deloitte is the largest of the ‘Big Four’ accounting organizations in the world by revenue and number of professionals.
Deloitte serves as a fraternity brand under which large integer of professional in independent companies around the world connect to offer a range of services, which includes risk management, consulting, audit & assurance and tax among other, to clients.
Deloitte group – Deloitte Touche Tohmatsu Limited (“DTTL”), allows each member in a particular geographic area operate based on the laws and professional regulations of the province.
Also Read: Bitcoin (BTC): 16 Million Clients From TD Ameritrade And ETrade Will Create Crypto Scarcity
Vechain (VET) In The Market
After recording higher transactions than Bitcoin in 24 hours for the first time, much is expected from the altcoin. However, Vechain is trying to live up to its billing in the market.
With about 5.5% increase in the last 24 hours, the market value of Vechain has risen from the band prices between $0.0058 and $0.0060 to $0.00622 as at press time.
Vechain stays confidently on the 25th position with a market cap close to $342 million.
The crypto market is yet to achieve strong hold on the upside trend for 4 consecutive days, but the partnerships Vechain is acquiring in recent time prove that the altcoin is sure of getting improvement.
