In December, VeChain and Cointelegraph Consulting announced they were partnering to bring blockchain solutions to enterprises, governments, and institutions interested in adopting innovative blockchain solutions. Cointelegraph Consulting was formed late in 2019 as they recognized the pro-blockchain stance many companies and governments were starting to take. Having acquired years of expertise reporting on blockchain companies, they were in a good position to provide guidance to organizations needing secure and effective implementations.
Cointelegraph Consulting works by selecting a few high-quality blockchains to become vendors. As the leading enterprise blockchain platform, VeChain was a natural choice to be included as a vendor, using established solutions such as MyStory and ToolChain to help fulfill the needs of potential clients. After meetings held in Singapore shortly following the Fintech Festival and Blockshow Asia, the two companies were able to reach an agreement.
For 2020, Cointelegraph Consulting will begin leveraging their network of professional organizations with the goal of connecting VeChain to potential clients, while authoring institutional-grade research reports and analytics. The consulting team consists of researchers and professionals with corporate experience at some of the top global firms, including Accenture and McKinsey. This will help with Cointelegraph Consulting’s goal of educating enterprises on the benefits of public blockchains, as more and more corporations shift away from expensive private chains and traditional data storage methods.
For a blockchain project like VeChain, having reputable partners is a major difference maker. Last summer, it was through PwC that VeChain was able to land a partnership with Walmart China. DNV GL has connected countless clients to VeChain, and are able to vouch for and certify the quality of VeChain’s solutions. Now by adding Cointelegraph Consulting to the list that already includes top firms like PwC and Deloitte, VeChain can focus more on development of core solutions and spend less time on business development.
“VeChain and Cointelegraph Consulting will co-brand and co-produce industry reports on enterprise blockchain adoption. Cointelegraph Consulting will organize enterprise level events globally for technology partners, which VeChain will leverage for maximum exposure. VeChain will also be listed on Cointelegraph’s solution provider page with detailed descriptions of VeChain’s intro, tech and use cases which will provide VeChain potential enterprise engagement leads. Cointelegraph Consulting will directly recommend their enterprise clients and partners to use and integrate VeChain’s enterprise blockchain solutions as they see fit to leverage the full potential of the VeChainThor public blockchain.”
VeChain Foundation Medium Article
Cointelegraph Consulting’s Managing Director Arsenii Dain noted the potential of public blockchain solutions for enterprises was frustrated by the lack of collaboration between service providers and those willing to embrace blockchain for business. Much of this comes down to the absence of trust in blockchain startups, as enterprises are reluctant to trust something they are unfamiliar with. Cointelegraph can bridge this trust gap by providing unbiased reporting and solutions, without making hollow sales pitches. As of now, Cointelegraph Consulting has already set the wheels in motion as they began preparing reports and solutions, aiming to make 2020 a major year for enterprise adoption.
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