VeChain combats China greenhouse gas emissions with digital SaaS platform
– New Carbon Footprint service to help businesses change their carbon footprint data management practices
– Platform is unique combination of SaaS model and decentralized ledger technology
– Public blockchain can collect emissions data trustlessly with data quality assurance services
While it’s a fact that more and more countries and industries are facing tough atmosphere pollution reduction challenges, no country is facing a bigger one than China, who tasked itself with reaching net zero emissions by 2060. There is very little room for emissions increases from now until 2025 as per the targets laid out in China’s 14th five-year plan.
VeChain ( VET/USD ), a company connecting blockchain technology to the real world by providing IoT integration, a solid economic model, and a complex governance structure, is poised for a critical role in the economic giant’s carbon reduction plans.
VeChain introduces digital carbon footprint SaaS service : the details
The company, which boasts enterprise-grade public blockchain technology, will use its new Digital Carbon Footprint SaaS service to help businesses of all sizes change their carbon footprint data management practices. The innovative platform is unique in combining an SaaS model with decentralized ledger technology.
Solving the problem with data mistrust
Enterprises have to report emissions data as part of ‘green’ compliance, but there’s a lack of transparency and mistrust of data because not all data can be verified independently or proven to be authentic. The public blockchain solves this issue and is able to collect emissions data trustlessly when combined with data quality assurance services and IoT technologies.
Alexandre Gellert Paris, Associate Programme Officer at UNFCCC, promotes this view, stating:
“Blockchain can contribute to greater stakeholder involvement, transparency and engagement and help bring trust and further innovative solutions to the fight against climate change, leading to enhanced climate action.”
Data integration with leading third-party assurance providers
VeChain’s new platform enables enterprise users to log and integrate key data with world-leading third-party assurance providers within its partnership network. After that, the data can improve sustainability performance throughout the respective organization. Enterprise owners can give end users full oversight of green claims and carbon data by making use of VeChain’s Digital Carbon Footprint SaaS platform.
It provides a scalable, comprehensive platform for companies of all sizes to be able to better track, calculate, and report their carbon reduction goals and outcomes across the entire supply and value chain.