VeChain S.E.A. becomes a portfolio company of PwC’s incubation programme to accelerate the application of Blockchain in Hong Kong and South East Asia markets

PwC China and PwC Singapore (“PwC”) are delighted to announce that VeChain S.E.A. (“VeChain”), a Singapore incorporated blockchain service provider, becomes a portfolio company of PwC's incubation programme. VeChain uses blockchain technology to protect client brands and products, through the creation of a transparent supply chain which allows product verification and traceability.

This incubation programme will help VeChain to accelerate their development, by providing the company with access to the Hong Kong and South East Asia markets and strategic advice leveraging on PwC extensive global network.

A signing ceremony has been held today in Hong Kong by Raymund Chao, PwC Greater China Chairman, and DJ Qian, Co-Founder and CEO of BitSE and VeChain. A signing ceremony will also be held in Singapore on 17 May, with Yeoh Oon Jin, PwC Singapore’s Executive Chairman and DJ Qian.

“Embracing advanced technology for growth becomes the top priority for many business sectors. Innovative applications and solutions could improve the effectiveness of supply chain, brand reputation, and even customer experience. We are excited about the joint initiative between PwC and VeChain and the services we provide that could help our clients achieve greater success. I envisage our services will create an impact and deliver on our firm’s purpose of building trust in society and solve important problems,” says Raymund Chao.

“Disruption is here to stay in our current volatile business environment and it brings both opportunities and challenges. We firmly believe that it is through embracing disruptive change that allows innovation to flourish. This is an exciting milestone for us, and we are confident that together with VeChain we will bring more value to the market place through collaborative innovation,” says Yeoh Oon Jin.

“In the journey of joint business relationship between PwC and BitSE, we are delighted to achieve this significant milestone together with PwC. VeChain S.E.A, a subsidiary of BitSE, will focus on accelerating VeChain business expansion in Southeast Asia . Besides technology, industry know-how and market experiences are equally important to apply blockchain technology. We share the same vision with PwC to improve the efficiency and lower the cost of trust in supply chain management. I believe this in-depth cooperation willdefinitelyaccelerate the transformation of supply chain management,” says DJ Qian.

PwC as a worldwide network of over 223,000 professionals including specialists and technology providers for various industries. Professionals from our network of firms in 157 countries are committed to working closely with clients to address challenges and needs in every aspect.

ENDS

Notes to editors

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