• VeCarbon makes use of professional carbon consulting and carbon reduction methodology services and ensures that enterprises can work on carbon reduction strategies. 
• According to reports, VeCarbon has a carbon management system feature that assists companies in the food industry to manage their carbon emissions.

In a bid 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 assists governments to achieve “carbon neutrality, emissions targets and reach their sustainability goals.”

VeCarbon makes use of professional carbon consulting and carbon reduction methodology services and ensures that enterprises can work on carbon reduction strategies. According to the VeChain Foundation, the project seeks to build a blockchain-enabled digital innovation platform to rapidly scale the platform to meet up with the demand for digital carbon management services.

Proudly, VeCarbon contributes to China’s carbon neutrality strategy, and contributes to global sustainable development goals by being tackling emissions from a wide array of industries including chemical, building materials, food and beverage, paper, transportation, and more.

VeChain has also worked on VeCarbon’s Food Carbon Management Platform which has a serious consideration for the global food production challenges highlighted by the United Nations Global Corporate Net Zero Pathway. According to reports, VeCarbon has a carbon management system feature that assists companies in the food industry to manage their carbon emissions. Hence, It employs a carbon reduction methodology to calculate the emission reduction. It does this by providing benchmarks to guide national food production. 

VeChain Foundation says VeCarbon is beyond technology

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

When more enterprises change their ecosystem, more refined and precise carbon data is gained. This enables VeCarbon to provide a better insight in addition to highly precise carbon labels from products. The label is said to include packaging and logistics, raw materials, procurements, etc. With the increasing sustainability calls in the global economy, it is said that this technology provides marketing opportunities in addition to helping consumers to make the right decisions. 

The VeChain Foundation explains that VeCarbon exists beyond mere technology. As a tool, increase transparency and trust by advancing society and serving humanity.

At VeChain, we are proud to spearhead real-world use cases for blockchain technology. It is a revolution, and it is speeding toward our daily lives. We are very excited to see where it takes us all, so join us for what promises to be an exciting ride!

The VeChain Foundation has over the years sought to empower builders and innovators by creating tools that eliminate adoption hurdles and lower entry barriers for businesses and developers. 

VET is currently trading at $0.01. Though the development can have an impact on its price, it is unlikely that it would hit $1 anytime soon.