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Deloitte Ditches Ethereum for VeChain, Brags about Overtaking Bitcoin Transactions
By CCN.com: VeChain, which uses Proof of Authority rather than Proof-of-Work, clocked in more transactions than Bitcoin on Saturday. A Reddit user noticed and raised the celebratory alarm; Deloitte executive Cillian Leonowicz then claimed the activity via LinkedIn, writing:
We wrote more transactions than Bitcoin over the weekend by migrating our client work from Ethereum to VeChain – we managed to execute 20+ smart contract transactions per second.
Deloitte, BMW, and PwC Choose VeChain
‘Big four’ services giant Deloitte announced a week ago that it would be moving away from Ethereum, onto VeChain, following a similar move by PricewaterHouseCoopers.
4) #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 pic.twitter.com/RZbHLkl4Y6
— bsc44 (@bsc44_x) April 19, 2019
BMW has also recently begun building on VeChain. The transaction news follows an announcement by Jaguar Land Rover, in which the luxury automaker is utilizing the IOTA blockchain for a cryptocurrency solution.
It seems the gist of the week is significant companies building on lesser-known platforms, as opposed to Ethereum. Major companies have also looked past EOS and Tron. VeChain bills itself as an enterprise-ready solution. Several announcements were made last week at a VeChain conference.
3) 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. pic.twitter.com/8fEbH8ahD2
— bsc44 (@bsc44_x) April 19, 2019
