VeChain SEA, a Singapore-incorporated blockchain service provider, has become 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.

The incubation programme will help VeChain to accelerate their development by providing the company with access to the Hong Kong and Southeast Asia markets and strategic advice leveraging on PwC’s global network.

A signing ceremony was held in Hong Kong on May 15 with Raymund Chao, PwC Greater China chairman, and DJ Qian, co-founder and CEO of VeChain. A second signing ceremony will be held on May 17 in Singapore, with Yeoh Oon Jin, PwC Singapore’s executive chairman, and DJ Qian.