The VeChain ecosystem recently celebrated the winners of its VeBetterDAO hackathon, Meatless and EcoNex. VeChain continues to establish itself as a protocol for innovative enterprise solutions.
Meatless and EcoNex emerged as winners in the VeBetterDAO hackathon, which took place at the University of Cambridge. The hackathon featured a wide range of projects focused on sustainability. Meatless, created by an ex-Amazon engineer and a computer scientist from the University of Cambridge, won the VeChain track. It incentivizes consumers to choose sustainable food options by offering them B3TR tokens. This not only promotes sustainability but also indirectly supports sustainable food production without burdening manufacturers with additional expenses. The Meatless initiative is a positive step towards addressing unsustainable food practices and increasing transparency and trust in the supply chain.
EcoNex, on the other hand, won the BCG award for its innovative approach to promoting eco-friendly commuting options. It encourages commuters to choose environmentally friendly modes of transportation by rewarding them with B3TR tokens. Powered by the VeChainThor blockchain, EcoNex ensures transparency and confidence in its reward system through real-time tracking and validation of eco-friendly travel activities.
The hackathon featured over 50 X-2-Earn concepts, showcasing the growing interest in using blockchain technology to support sustainability initiatives. Meatless and EcoNex received a portion of the $30,000 prize money, and the opportunity for additional funding was announced at the event. The winning projects were judged by a panel of industry experts, including Dr. Bernhard Kronfellner from BCG and Mark Miller from Manta Ray EV, based on their efficiency in meeting the hackathon’s developer tracks.
The hackathon served as the starting point for a series of activities aimed at advancing the development of the VeBetterDAO ecosystem. VeChain aims to enable developers to create the next generation of sustainable corporate applications by focusing each hackathon on a specific industry and its sustainability challenges.
VeChain’s impact on food and transportation sustainability goes beyond hackathons. The platform has leveraged blockchain technology to revolutionize food safety and sustainability, bringing unprecedented trust and transparency to supply networks. Partnerships with industry giants like Walmart China have propelled VeChain to the forefront of sustainable innovation, with traceable products expected to make up a significant portion of sales.
In addition, VeChain’s global logistics projects offer disruptive solutions for optimizing supply chains and increasing efficiency across industries. The VeChain team has established a robust network and collaborated with numerous organizations to facilitate seamless global logistics solutions.
The team has also developed VeChain ToolChain, a set of APIs and SDK toolkits that connect various organizations for seamless supply chain management.
These developments have contributed to the increase in the price of VET, VeChain’s native cryptocurrency. As of the latest data, VET is trading at $0.04171, representing a 6.3% increase in the past day, with a market capitalization of $3 billion.