VeChain is the global standard for carbon footprint management
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- Over time, the VeChain Foundation has continued to accelerate efforts to bridge the gap between blockchain and the real world.
- The protocol sees VeCarbon as “the future of digital carbon emissions data management”.
VeChain Foundation, a leading enterprise-grade L1 smart contract platform, has confirmed its readiness to be at the forefront of the green revolution with its real-world ready technology. The protocol reported the update on Friday on Twitter send. According to VeChain, it made the decision after the number of carbon management and sustainability initiatives has grown, requiring powerful new tools, including blockchain.
.#carbon administration & #sustainable development the number of initiatives is growing rapidly, driven by powerful new tools such as #blockchain.#VeChain is a pioneer of the green revolution with its technologies ready for the real world.
— VeChain Foundation (@vechainofficial) 23 September 2022
Over time, the VeChain Foundation has continued to accelerate efforts to bridge the gap between blockchain and the real world. It aims to empower innovators with tools capable of removing “lower barriers to entry for businesses and developers.” To achieve this, it partnered with well-known companies including Walmart China, BYD Auto, PICC, Shanghai Gas and others.
In particular, VeChain believes in the limitless application of blockchain technology in the management of carbon emissions data, an area plagued by alarming opacity, which requires “international cooperation on a scale never seen before.” This development, as reported, prompted VeChain to develop VeCarbon, “a blockchain-oriented carbon emissions data management Saas platform on VeChainThor’s public blockchain to address this very problem.”
Organized by VeCarbon, VeChain continuously strives to deliver transformative solutions to manage carbon dioxide emissions using public blockchain. The protocol sees VeCarbon as “the future of digital carbon emissions data management”.
VeCarbon to help digital carbon emissions data management – VeChain Foundation
In addition, the platform believes that its software has the capacity to complement increasing carbon management and sustainability initiatives. By design, VeCarbon empowers businesses to use the next generation of virtual tools. According to VeChain, this will help companies “quantize and inform carbon emissions data.” In addition, the blockchain-driven mechanism helps the management of companies’ carbon resources. This paves the way for “precise, targeted mitigation measures to help companies achieve their low-carbon goals”.
Today, the VeCarbon SaaS platform developed by VeChain is now operating in several chemical, building materials, food and beverage, paper and transportation industries. It further facilitates the calculation of the carbon footprint, “visualization of the carbon footprint of products and new financial services in the carbon market”.
In particular, the management of carbon dioxide emissions in the SaaS mechanism has a built-in compliance with China’s national emission calculation method. It also has “customizable preset parameters covering 24 main industries”. These presets, as reported, are seamlessly modified to complement any need or ensure compliance with other jurisdictions. In addition, it aims to facilitate numerous calculations of carbon stock and results with one click.