VeChain’s VeChainThor public blockchain is on a mission to deliver blockchain-based carbon management services. In a blog on their Medium page, the firm has revealed that their VeCarbon initiative has formed a new technical partnership with Amazon Web Services (AWS). The partnership aims to help VeCarbon fulfill its ambitions.
VeCarbon focuses on developing carbon-neutral digital infrastructure. The firm uses blockchain technology to achieve its goals. With the combination of VeChainThor’s blockchain technology and industry experience, VeCarbon aims to help governments, enterprises, and financial institutions achieve low-carbon transformation.
What will VeChain and Amazon Web Service Bring to the Table?
VeChain’s VeCarbon and Amazon Web Service announced their partnership after a detailed survey of cloud service providers. As per the blog, the partnership will aim to provide enterprise customers with a reliable carbon emission management system. Moreover, they also plan to provide data security and compliance. Additionally, Amazon Web Service has a name for state-of-the-art data protection and compliance. The cloud service provider also has good ties with Intel and AMD, ensuring that enough computing power is available.
Moreover, AWS also provides a plethora of other services such as the Internet of Things (IoT), smart warehouses, and advanced architectures & solutions.
Furthermore, sustainable development is one of Amazon’s top priorities for its global business. Amazon pledged to achieve net zero carbon emissions by 2040 and launched the “Climate Declaration” in 2019 with the support of more than 200 nations.
Cement, building materials, food and beverage, agriculture, and transportation are just a few of the industries that the VeCarbon carbon management SaaS (Software as a Service) solution is starting to service. Industrial customers may now meet the “dual-carbon” objective while also generating a range of benefits for the business and its clients.
At press time, VeChain’s native token VET was trading at $0.02701500, down by 2.1% in the last seven days. Nonetheless, the project is up by 14.7% in the last week.