Quick Summary
- VeCarbon is a carbon emission data management SaaS platform built on the VeChainThor blockchain. VeCarbon provides organizations with digital solutions to informatize carbon emission data and much more.
There are many cryptocurrencies tackling the issues of high transaction costs, low speed, or other similar problems. VeChain, however, is focusing on different kinds of issues in the crypto market, and that’s carbon emissions. What’s the goal of VeCarbon and how is it going to help?
related: VeChain – The Combination of Governance and IoT Technologies
VeCarbon Explained
On the VeChainThor public blockchain, VeChain constructed VeCarbon, a blockchain-based carbon emission data management SaaS application. VeCarbon’s objective is to use the potential of a public blockchain to create innovative solutions for reducing carbon emissions.
VeCarbon provides businesses with cutting-edge digital solutions to quantify and informatize carbon emissions data. VeCarbon considerably improves firms’ carbon management capabilities and allows for precise, targeted reduction initiatives, assisting businesses in achieving their low-carbon goals.
The VeCarbon SaaS platform is now in use across a variety of industries, including chemical, building materials, food & beverage, paper, transportation, and others. It opens up a slew of new possibilities for governments and businesses, including carbon footprint calculations, visualizations of a product’s carbon footprint, and new carbon market financial services. There are many possible exciting applications ahead for this transformative technology.
Carbon Emission Management SaaS Platform
The Carbon Emission Management SaaS platform is compliant with China’s national emission accounting system and includes customizable preset parameters for 24 major sectors. These can be simply customized to meet any level of requirement or to guarantee that they comply with various legal jurisdictions. With a single click, the software performs a variety of carbon inventory calculations and generates compliant, officially recognized GHG emission reports.
VeCarbon – The Center Of The Green Low Carbon Ecosystem
The Low Carbon Ecosystem helps businesses in quantifying their green and low-carbon emission reduction activities by granting carbon credits based on data verified on the VeChainThor blockchain. Users can then swap these credits for benefits like insurance, healthcare, and other perks, resulting in a virtuous cycle and rewarding societal activity.
Use Case Example
Owners of Electric Vehicles (EVs) can create carbon wallets, record their vehicle’s travel data (and subsequent carbon emission reduction), and allow for the quantification and subsequent issuance of carbon credits to owners’ carbon accounts following professional certification using VeCarbon’s low-carbon ecosystem.
A new marketing and trade ecology has been developed by developing secondary channels with redeemable goods or services, assisting firms, car owners, and relevant brands in participating and creating additional incentives and exposure. As a result, incentivized models are being developed that push owners to low-carbon car brands, increase brand ‘stickiness,’ and reinforce brand loyalty while also improving customer acquisition channels and opportunities.
Conclusion
VeChain is a well-established project with clear ambitious goals that seem very achievable and realistic. There’s no necessary FOMO around this coin, only real utilities and use cases that actually help make the world a better place. Their latest creation of VeCarbon is an interesting but mainly very beneficial invention for this planet. We only hope that more projects will follow VeChain’s right intentions.
About VeChain
Launched in 2015, the VeChain Foundation has worked tirelessly to build bridges between blockchain technology and the real world. VeChainThor’s evolution continues to gather pace, transitioning from consortium network to a best-in-class public blockchain platform. As the ecosystem enabler, the Foundation’s mission is to empower builders and innovators by developing tools that systematically eliminate adoption hurdles and lower entry barriers for businesses and developers alike.
VeChainThor has already been applied across a diverse array of use cases, aiding the daily operations of corporations and creating new value and efficiencies. Alongside key strategic partners PwC and DNV, VeChain has collaborated with world-leading enterprises including Walmart China, Bayer China, BMW Group, BYD Auto, PICC, Shanghai Gas, LVMH, D.I.G, ASI Group and more.
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sources: medium, vechain
author: Rene Remsik
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
