- Over 140 million real-world transactions carried out for Fortune 500 #1’s operations.
- VeChain recognized as the greenest blockchain for a sustainable future.
VeChain’s Impact on the Fortune 500 #1
VeChain has executed over 140 million real-world transactions for the operations of the Fortune 500 #1. These transactions include representing products on shelves, protecting and educating consumers, and providing visibility throughout the lifecycle of goods. The company continues to build the foundations for the greatest digital revolution since the internet’s inception from its European Headquarters and Tech Centre.
Hong Kong is becoming more friendly to #crypto and #blockchain, creating a more favourable regulatory environment. $VET has been operating commercially in the region since 2018, with a long track record of creating economic value for enterprises.
To date, we've carried out… pic.twitter.com/2zD1OB2vw1
— vechain (@vechainofficial) April 27, 2023
Web3 as a Service Platform and New Web Wallet
VeChain offers a Web3 as a service platform, enabling users to deploy tokens and NFTs without coding and transaction fees. Additionally, a new web wallet with Ledger compatibility is available, with mobile and desktop versions coming in Q3.
Greenest Blockchain for a Sustainable Future
VeChain has earned a reputation as the greenest blockchain, ensuring a cleaner and healthier planet for billions of people and companies worldwide. This article delves into VeChain’s environmental impact, its initiatives to minimize carbon emissions, and its potential for widespread adoption in the coming years.
Transition from Proof-of-Work to Proof-of-Stake
The development of blockchain technology has evolved significantly, with various consensus mechanisms being conceptualized to decrease electricity consumption without compromising security. As cryptocurrencies and blockchain technology gain mainstream adoption, global regulators are increasingly emphasizing the importance of environmentally friendly projects.
The Need for Greener Blockchain Alternatives
Traditional blockchains, such as Bitcoin, have garnered criticism for their high carbon footprint. To offset the greenhouse gas emissions generated by these energy-consuming blockchains, over 435 million trees would be necessary. This alarming figure highlights the urgent need for greener blockchain alternatives.
Leading the Charge for a Greener Blockchain Solution
VeChain’s state-of-the-art blockchain technology, which employs two coins to streamline the global supply chain ecosystem, has received widespread acclaim for its eco-friendly approach. The ecosystem is responsible for a mere 4,459.41 kg in carbon emissions and a total of 1,789.58 kg YTD.
The Future of Sustainable Blockchain Technology
As the demand for cleaner, more efficient technologies increases, VeChain’s innovative solutions are poised to play a crucial role in shaping the future of blockchain technology and the global supply chain ecosystem. VeChain’s low environmental impact, coupled with its efficient transaction processing capabilities, has positioned it as an attractive option for institutional adoption.
