VECHAIN - VET Moving into Carbon Emissions Control 🏭🧐👍
VECHAIN has been on our radar and portfolios for quite a while. You might remember our previous posts earlier this year.
It is time, both Technically and Fundamentally to look at this option again.
Technically the price is now approaching it's greatest support level and this offers us a nice chart to work on.
Fundamentally there are some great news as VeChain has announced a new blockchain initiative designed to help businesses openly track and report their carbon emissions data:
''Supply chain management platform VeChain announced a new service for combining businesses to overhaul their carbon footprint data management practices.
The new service, detailed in a Medium post on Aug. 26, combines decentralized ledger technology with a software-as-a-service (SaaS) business model.
The Digital Carbon Footprint SaaS Service “allows enterprise users to log key data and integrate it with world-leading third party assurance providers within VeChain’s partnership network. This data can then be later transformed into new kinds of value and improve sustainability performance across the entirety of an organization.”
In the announcement, VeChain cited obstacles with trust and transparency in traditional supply chains when collating companies' carbon emissions data. A public blockchain solves this problem, providing transparent accountability for all layers of the supply chain network.''
This is a great idea and keep in mind that there will be a 3,5 Trillion dollar bill in the US for the environment. Connect the dots here.
Beat Co2,
the FXPROFESSOR
It is time, both Technically and Fundamentally to look at this option again.
Technically the price is now approaching it's greatest support level and this offers us a nice chart to work on.
Fundamentally there are some great news as VeChain has announced a new blockchain initiative designed to help businesses openly track and report their carbon emissions data:
''Supply chain management platform VeChain announced a new service for combining businesses to overhaul their carbon footprint data management practices.
The new service, detailed in a Medium post on Aug. 26, combines decentralized ledger technology with a software-as-a-service (SaaS) business model.
The Digital Carbon Footprint SaaS Service “allows enterprise users to log key data and integrate it with world-leading third party assurance providers within VeChain’s partnership network. This data can then be later transformed into new kinds of value and improve sustainability performance across the entirety of an organization.”
In the announcement, VeChain cited obstacles with trust and transparency in traditional supply chains when collating companies' carbon emissions data. A public blockchain solves this problem, providing transparent accountability for all layers of the supply chain network.''
This is a great idea and keep in mind that there will be a 3,5 Trillion dollar bill in the US for the environment. Connect the dots here.
Beat Co2,
the FXPROFESSOR
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