As a report has it, Jones Lang LaSalle China, a global real estate services firm in commercial property and investment management, has collaborated with VeChain, the leading enterprise blockchain platform, to explore blockchain adoption in sustainable Proptech.
The new development was shared a few hours ago via the official Twitter handle of VeChain Foundation. According to the report, the collaboration will aid VeChain in its quest to create innovative solutions, as well as tackling carbon emissions.
Read Also: VeChain (VET) Joins Top 10 Cryptocurrencies with Leading Social and Market Activity
VeChain Foundation tweeted, “We are proud to collaborate with JLL China & explore app. scenarios for blockchain in commercial real estate! VeChain, with its industry-leading technologies will continue creating innovative solutions, tackle carbon emissions & drive systemic change.”
According to the report, sustainability has become a critical pillar of business success in the Chinese market. So, JLL has been earnestly seeking innovative solutions to accelerate carbon emissions reduction in real estate, which brought about the recent collaboration with VeChain.
Read Also: VeChain (VET) Joins Top 10 Cryptocurrencies with Leading Social and Market Activity
The report also stated that insufficient technological infrastructure is a major obstacle to making de-carbonization goals a reality. At the moment, the lack of consistent and validated carbon data poses a significant reporting challenge. As of now, at least two/third of Chinese corporations are looking to invest in nascent technologies to bridge the gap.
So, the best technology to make this happen is blockchain. Leveraging the VeChain blockchain, there is assurance for the ideal tool to deliver consistency and transparency in data. It has a huge potential to help bring improvement to measurement and reporting standards and accelerate progress towards the quest to realize the zero-carbon goal.
Read Also: VeChain PoA 2.0 Hits New Milestone with VIP193 Launch On Testnet
The report itemized three scenarios in which blockchain could help Jones Lang LaSalle China:
Follow us on Twitter, Facebook, Telegram, and Download Our Android App
The U.S. Securities and Exchange Commission (SEC) has signaled its intent to investigate Ripple's recently…
The bloodbath continues but this time, savvy investors are to the rescue. With prices entering…
Cardano (ADA), the tenth-largest cryptocurrency by market cap, has endured a challenging period in recent…
Lisbon, Portugal, May 9th, 2024, ChainwireAzuro, the leading liquidity layer for onchain predictions, and Chiliz,…
The diverging paths of Dogecoin (DOGE) and Option2Trade (O2T) reflect the dynamic nature of the…
It is the time of the year when concern and worry are etched on the…