VeChain, the leading enterprise blockchain platform, has recently announced its carbon footprint SaaS.
According to the announcement on Twitter, VeChain now has all it takes to help enterprises and governments in calculating, tracking, and reporting carbon reduction initiatives.
VeChain Foundation tweeted, “Announcing the VeChain Carbon Footprint SaaS! VeChain now offers powerful, rapidly deployable solution for any entity, including enterprises and govts to better calculate, track & report carbon reduction initiatives across the entire value chain.”
Announcing the VeChain Carbon Footprint SaaS!#VeChain now offers powerful, rapidly deployable solution for any entity, including enterprises and govts to better calculate, track & report carbon reduction initiatives across the entire value chain. $VEThttps://t.co/dhokMoM7OA
— VeChain Foundation (@vechainofficial) August 24, 2021
How VeChain Joined the Vast Initiative
According to the report, China, the most populous country in the world, is arguably facing the greatest carbon-related challenges, which led to vowing to reach net-zero emissions by 2060, with carbon emission peaking by 2030.
So, considering the targets laid out in China’s 14th five-year plan, there may be no room for the increase in emissions from current levels till 2025.
This shows that the government is ready to support more radical reduction targets. A special week has been dedicated by the government to a ‘green push’ and the public is encouraged to participate. This gave room for VeChain to showcase its capability in this vast initiative.
The report reads in part as follows:
“VeChain, with its array of mature blockchain technologies, intends to help catalyze the digitalization of carbon data and help facilitate China’s emissions reductions ambitions.”
Describing VeChain’s capability, the report says:
“VeChain’s brand new Digital Carbon Footprint SaaS Service is a powerful, rapidly deployable tool, enabling enterprises of all sizes to re-engineer their carbon footprint data management practices. This new offering is also the first of its kind to benefit from the combination of decentralized ledger technology and an SaaS business model.”
The report furthers states that VeChain’s Digital Carbon Footprint SaaS Service allows enterprise users to log key data and integrate it with world-leading third-party assurance providers within VeChain’s partnership network. This data will later be transformed into a new kind of value, which will improve performance across the entirety of an organization.
In conclusion, the report describes VeChain’s blockchain-based Digital Carbon Footprint SaaS Service as a provider of a comprehensive and scalable platform for any enterprise and government to be able to calculate, track, and report their carbon reduction initiatives.