Earlier today, 2ng August, VeChain, a blockchain firm, announced its newly signed partnership with Amazon via its official Twitter handle. The collaboration aims to improve the blockchain firm’s services and carbon release management.
VeChain Partners With Amazon Web Services For Better Operation
According to the tweet, Amazon will use its cloud computing prowess to help VeChain improve its global operations. In addition, Vechain aims to leverage Amazon’s high technical capacity to manage its carbon release effectively.
The collaboration would help the crypto firm to meet up with China’s 2020 carbon emissions targets. Furthermore, the report revealed that Amazon Web Services had dedicated a technology expert firm, Shanghai Tanilian Tech, to manage and help VeChain improve its technicalities
In its tweet, VeChain affirmed that the use of blockchain technology to manage carbon emissions is quite innovative. VeChain claimed to be leading the emerging sustainability revolution where humans can create precise and valid data as well as build new economic models.
In 2015, VeChain started operating as a private blockchain platform. The firm later launched a public chain, VeChainThor, which is interoperable with smart contracts and ETH Virtual Machine. VeChain specially designed its public chain to solve real-world problems like supply chain congestion and carbon release.
VeChain Foundation Introduces VeCarbon For Carbon Management
Following that, China introduced its strict carbon management protocol in Sept 2020. The country aimed at achieving an environment free of carbon pollution by 2060.
Consequently, many firms have been trying to use sophisticated technologies that can help them reduce their carbon footprint. Shortly after China announced the new policy, VeChain introduced VeCarbon as the department overseeing carbon-related issues.
VeCarbon is fully supported by the mother firm, VeChain, and the technology firm representing amazon, Shanghai Tanilian Technology. It serves as an independently developed platform for effectively managing carbon emissions.
It would use individual surveys and technologies to help companies maintain a carbon-free environment. With the help of Amazon web services (AWS), the newly introduced VeCarbon would be able to offer improved services across the globe.
The AWS improves VeCarbon’s operations by helping to reduce expenses and making it safe for the public to use. Gong Diyun, a top executive at VeCarbon, revealed that they partner with AWS to gain maximum security and cheaper costs.
Diyun relayed that AWS provides multiple services which users can use at any time to meet or solve their business demands. He continued that the strategy can help to decrease business costs, and it is deployable in an over-the-counter manner.