VeChain, in collaboration with Boston Consulting Group, introduces “Web3 For Better”, a groundbreaking whitepaper focusing on leveraging blockchain technology. The whitpaper addresses Environmental, Social, and Corporate Governance (ESG) challenges and Sustainable Development Goals (SDGs).
VeChain is a blockchain-based platform designed to decentralize the supply chain industry and function as a decentralized application (dApp) ecosystem. Originally the goal of VeChain was to provide supply chain industry organizations with the ability to efficiently transfer and verify supply chain data using the immutable and transparent nature of blockchain technology.
This innovative approach involves creating “blockchain biospheres” that use blockchain’s transparency and efficiency to form networks of individuals and companies dedicated to sustainability. These ecosystems employ “gamification” to incentivize sustainable actions and engagement.
The blockchain biospheres target specific sustainability needs, such as global logistics, carbon capture, and electric vehicle (EV) battery recycling. With the help of blockchain technology, they enhance transparency, traceability, and sustainability throughout various industries.
VeChain also emphasizes the importance of value creation in the Web3 era, where users’ ethical and sustainability choices influence the market value. Additionally, the blockchain platform highlights the role of 3D printing and blockchain in addressing supply chain sustainability challenges, reducing emissions, and enabling faster, more efficient production and delivery. Overall, the whitepaper outlines a visioned strategy highlighting blockchain’s potential for sustainable development thereby empowering individuals and companies to contribute to positive change on a global scale.
VeChain is not only implementing an innovative sustainability plan but is also collaborating with communities such as Cardano and RareEvo to introduce their blockchain platform, vorj.io. This platform aims to seamlessly integrate physical and digital experiences promoting easy adoption for both individuals and project teams alike.
The platform continues to expand its collaborations, having recently taken part in the largest Twitter Space show with Mario Nawfal. This highlights their growing influence in the wider crypto sphere, with over 169,000 listeners tuning in.
Current price of VeChain is $0.01546635, in the last 24 hours, the price of VeChain has decreased by 0.21% and experienced a hard time gaining momentum over the past 7 days, down 3.71%.
VeChain is expected to reach a maximum price of $0.027953 as the market recovers from the crypto winter. The minimum expected price is $0.018635 and the average price will hover around $0.023294.
