VeChain Cuts Carbon Emissions by 95% – Will it Bring VET to $1?

VeChain Cuts Carbon Emissions by 95% - Will it Bring VET to $1? - vechainIn an effort to bridge the gap between blockchain technology and the real world, the VeChain Foundation recently launched the VeCarbon platform. VeCarbon is a blockchain-powered accounting software-as-a-service (SaaS) that helps governments achieve “carbon neutrality and sustainability goals.”

VeCarbon employs professional carbon advisory services and carbon emission reduction methodology and ensures that businesses can work on carbon emission reduction strategies. According to the VeChain Foundation, the project aims to build a blockchain-enabled digital innovation platform to rapidly scale the platform and meet the demand for digital carbon management services.

VeCarbon contributes to China's carbon neutrality strategy and global sustainable development goals by addressing emissions from a wide range of sectors, including chemicals, building materials, food and beverage, paper, transportation and more.

VeChain has also worked on VeCarbon's Food Carbon Management Platform, which takes seriously the challenges of global food production highlighted by the United Nations Global Corporate Net Zero Pathway. VeCarbon reportedly has a carbon management system in place that helps food companies manage their carbon emissions. It then uses a carbon reduction methodology to calculate the emissions reduction. To this end, it provides benchmarks to guide national food production. 

The VeChain Foundation says VeCarbon is beyond technology

Stakeholders who integrate VeCarbon's emission reduction system get a carbon asset module to digitize and manage corporate carbon assets. Carbon emission reduction strategies are implemented by the platform through the provision of a “quantitative calculation and key data audit/documentation service related to digital carbon assets”.

When more companies change their ecosystem, we get more refined and accurate data on carbon emissions. This allows VeCarbon to provide a better overview as well as highly accurate carbon labels of products. The label includes packaging and logistics, raw materials, purchases, etc. With the growing demands for sustainability in the global economy, this technology offers marketing opportunities and helps consumers make the right decisions. 

The VeChain Foundation explains that VeCarbon is more than just technology. As a tool, it increases transparency and trust by advancing society and serving humanity.

We at VeChain are proud to promote real use cases of blockchain technology. It's a revolution and it's fast approaching our daily life. We can't wait to see where it takes us, so join us for what promises to be an exhilarating ride!

Over the years the VeChain Foundation has sought to empower builders and innovators by creating tools that remove barriers to adoption and lower barriers to entry for businesses and developers. 

VET is currently trading at $0,01 on platforms such as Bitcoin Revolution. While the development may impact its price, it is unlikely to hit $1 anytime soon.