VeChain is celebrating the achievements of Shanghai Tanlian Technology Co., Ltd., the company responsible for VeCarbon, in its efforts to promote carbon neutrality. Additionally, the company is collaborating with Amazon Cloud Technology to develop and promote tools for achieving carbon neutrality.
Shanghai Tanlian recently received a letter from the Shanghai Environment and Energy Exchange, expressing gratitude for their contribution to China’s goal of carbon neutrality. This letter signifies the Exchange’s commitment to continue working with VeChain in their joint pursuit of carbon neutrality.
The focus of their collaboration lies in the food industry, transportation, and other key industrial sectors. VeChain’s blockchain technology powers various tools, including carbon emission management systems, carbon footprint management systems, carbon reduction and management systems, and green, low-carbon ecosystems.
Shanghai Tanlian Technology, the company behind VeCarbon, was established in 2021 with the aim of providing blockchain-based carbon management services through the VeChainThor public blockchain. They have achieved success through partnerships with notable companies 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 partnership is with Amazon Web Services, which serves as a technical partner to support VeCarbon’s ambitious goals. In line with this collaboration, Amazon Cloud Technology recently announced its Sustainable Development Partner Program, which aims to develop applications and tools for promoting the green transformation of enterprises. Shanghai Tanlian was among the first partners to join this program.
VeChain’s primary objective is to facilitate the green transformation and sustainable development of businesses through energy and carbon management consulting, measurement, and ESG reporting. They have joined forces with the Boston Consulting Group (BCG) to leverage 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 experienced a remarkable 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 previously demonstrated significant growth, and according to another analyst, it is poised to experience substantial growth in this bull market, surpassing 5,000%. Ali Martinez also shares a similar outlook, forecasting a 1480% increase in VET’s price by the end of the year, reaching $0.7.
The future looks promising for VeChain, and there is anticipation for further positive developments in the coming weeks.