VeChain is celebrating the achievements of Shanghai Tanlian Technology Co., Ltd., the company responsible for VeCarbon, in its efforts to promote carbon neutrality. Additionally, Amazon Cloud Technology is collaborating with the company to develop tools and initiatives to support carbon neutrality.
Shanghai Tanlian recently received a letter from the Shanghai Environment and Energy Exchange, acknowledging the successful partnership between the two organizations in working towards carbon neutrality. The letter expressed gratitude to the company for its contribution to China’s goal of achieving carbon neutrality. As a result, the Shanghai Environmental Energy Exchange has expressed its commitment to continue collaborating with VeChain to achieve carbon neutrality.
The focus of their collaboration is primarily on the food industry, transportation, and other key industrial sectors. VeChain provides the technology to power various tools, including carbon emission management systems, carbon footprint management systems, carbon reduction and management systems, and green, low-carbon ecosystems.
Established in 2021, Shanghai Tanlian Technology Co., Ltd. is the company behind VeCarbon and the VeChainThor public blockchain. VeChain aims to provide blockchain-based carbon management services. The company has successfully partnered with various organizations, such as Deloitte China, Accenture, PwC China, Capgemini China, NTT DATA, Boss Cloud, Centific, Changhong IT, Ecorod, InnoBlock, Carbon Trust, TUV Rheinland, Miaoying, Zhiding, Goldwind, Hanlin Yixun, and Zhixin Yuanjing.
One significant collaboration is with Amazon Web Services, which has become a technical partner in supporting VeCarbon’s ambitious goals. Furthermore, Amazon Cloud Technology recently launched its Sustainable Development Partner Program to develop applications and tools that promote the green transformation of enterprises. Shanghai Tanlian was among the first partners to join this program.
VeChain’s main objective is to assist businesses in achieving sustainable development and green transformation through energy and carbon management consulting, measurement, and ESG reporting. The company has formed a strategic alliance with the Boston Consulting Group (BCG) to harness the potential of blockchain technology. This partnership involves collaborative efforts, such as joint whitepapers, project funding, hackathons, and advocacy for sustainable practices.
Currently, VeChain’s native token, VET, has shown an impressive 51% surge in the past seven days. At the time of writing, VET has increased by nearly 2% and is trading at $0.04523.
Last year, a prominent crypto analyst predicted that VET could reach $1 based on investor interest. VeChain has a history of significant growth during bull cycles, and according to the analyst, it is poised for another surge that could surpass 5,000%.
Ali Martinez has also shared a similar outlook, projecting a 1480% increase for VET by the end of the year, with a price of $0.7.
It seems like it will be an exciting week for VeChain, and if history repeats itself, VET could potentially reach $0.054 this week, experience a brief correction until June, and then embark on a bull run to $0.70 by November.
For more information on VeChain and its developments, refer to the recommended links provided.