- VeChain demonstrates its commitment to Environmental, Social, and Governance (ESG) by partnering with the Boston Consulting Group and introducing the VORJ.APP platform.
- VeChain’s sustainable approach boasts low carbon emissions and energy-efficient tech, emphasizing its role as a leading force in the blockchain world’s shift towards sustainability.
According to recent CNF updates, VeChain, recognized for its proactive role in promoting Environmental, Social, and Governance (ESG) standards, has attracted the attention of global leaders. Earning an exclusive invite to a closed-door meeting with the Boston Consulting Group (BCG) and 1800 global enterprise heads, VeChain stood out as the only blockchain entity present. In a tweet referencing their participation, VeChain underscored their contributions, stating,
Fast-growing, ever-more important, the sustainability movement is unstoppable.
The circular economy & responsible re-use of resources is core to this transition.
— vechain (@vechainofficial) October 11, 2023
VeChain’s innovative platform, VORJ.APP, simplifies the transition from Web2 to Web3, acting as a bridge for users and businesses to deploy Ethereum-standard tokens, NFTs, and integrate APIs/Smart contracts effortlessly. This revolutionary platform, as highlighted in their promotional content, invites everyone to partake in sustainability, transforming the world into a more inclusive and equitable place.
Setting Standards in Energy Efficiency
VeChain has made headlines for its minimal carbon emissions and low energy consumption. Recent findings show that the blockchain’s carbon emission stands at 4,459.41 kg, with its year-to-date financial impact being $143. With VeChain’s PoA 2.0 consensus mechanism and other innovative techs, the VeChainThor infrastructure offers a user-friendly platform that champions sustainability while keeping energy consumption in check. To give a perspective, VeChain’s core network’s 2022 carbon footprint was a mere 4.46 t CO2e/year, making it one of the most energy-efficient blockchains available.
BCG & VeChain’s Vision for a Greener Future
In collaboration with BCG, VeChain has launched ‘Web3 For Better’, a whitepaper emphasizing their mutual vision of sustainable blockchain solutions. VeChain’s plan revolves around the Blockchain Biosphere, an interconnected network of stakeholders dedicated to tackling specific sustainability challenges. BCG, with its established reputation in ESG, adds immense value to this initiative, helping drive a green revolution in the blockchain sector. A prime example of their joint effort is the Carbon Credit DApp, which allows drivers to compute their carbon offset by uploading their journey data. This evolved to the Blockchain Biosphere, a testament to VeChain’s commitment to innovation.
Web3 Adoption & VeChain’s Offerings
Ensuring easy adoption, VeChain introduces powerful tools, including the Web3-as-a-service platform, VORJ. This platform is designed to assist businesses in transitioning from Web2 to Web3 without the need for extensive technical knowledge. Alongside VORJ, VeChain has launched VeWorld, a feature-rich Web Wallet to streamline Web3 adoption. By offering URL-based fee delegation, users can access the VeChain blockchain without transaction fees, paving the way for wider adoption. To bolster their offerings, VeChain has also introduced a slew of upgrades like a sustainability-focused NFT marketplace, data oracles, and tools for Ethereum, signaling their commitment to a greener future.