VeChain, a leading blockchain technology company, showcased its innovative digital carbon management platform, VeCarbon, at the AWS China Summit. The event, held in Shanghai, highlighted VeChain’s commitment to sustainable global business expansion and its integration with AWS technology.
VeCarbon is a comprehensive digital carbon management solution designed to facilitate carbon compliance for China’s battery and Carbon Border Adjustment Mechanism (CBAM) industries. It aims to enhance global accessibility and efficiency in carbon management and will be launched on the AWS Marketplace. Collin Brown, a blockchain expert and crypto community influencer, praised VeChain’s efforts in fostering sustainable futures.
The integration of VeChain’s solutions with AWS technology enables the delivery of impactful solutions, such as CBAM product carbon accounting and compliance with the new EU battery law carbon footprint requirements. The platform offers a streamlined and efficient online system for quick product evaluation and carbon compliance management, crucial for enterprises looking to export to the EU. It also provides comprehensive carbon management platforms that address the complexities of multi-tier supply chains and rigorous carbon accounting standards, especially beneficial to the electric vehicle (EV) battery sector.
While VeChain’s technological advancements were showcased at the AWS summit, its market performance has experienced some fluctuations. The price of VET, VeChain’s cryptocurrency, has seen a decline of 2.93% over the past day and 2.73% over the past week, currently trading at $0.03419.
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