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Enterprise-Grade Public Blockchain Solution Provider VeChain Creates New SaaS Products For China’s Digital Carbon Emissions Market

Enterprise-Grade Public Blockchain Solution Provider VeChain Creates New SaaS Products For China’s Digital Carbon Emissions Market

The increasing impact of greenhouse gases on the atmosphere and their perturbation of the climatic order are necessitating a major overhaul of how humanity emits waste gases. All countries and industries now face tough targets for reducing atmospheric pollution. China is arguably facing the greatest challenge of all, having vowed to reach net-zero emissions by 2060, with carbon emissions peaking no later than 2030. As per the targets laid out in China’s 14th five-year plan, there is very little room for emissions increases from current levels out to 2025.

With the commencement of China’s 9th National Low-carbon Day, the government looked set to back even more radical reductions targets, dedicating a special week to a ‘green push’ and encouraging public participation. 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.

A Global First: VeChain’s Digital Carbon Footprint SaaS Platform

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.

Brands and their upstream counterparts must abide by ‘green’ protocols and report emissions data as part of their ongoing operations. Unfortunately, not all data can be proven legitimate or be independently verified and so there is a pervasive issue of distrust in carbon emissions data as well as a lack of transparency. Public blockchain provides an elegant solution to this problem and, when combined with IoT technologies and data quality assurance services, neatly address...

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