VeChain News Today – Headlines for August 22

  • VeChain announces enterprise solution to prove the sustainability of the supply chain
  • VeChain expands the expertise of the supply chain with a new solution
  • VeChain is bringing Blockchain technology to businesses in all industries

VeChain News Today – the VeChain Foundation has reached a fresh milestone after it presented a new sustainability solution. This solution will allow companies to show how sustainable their supply chain is. The new solution is based on the VeChain ToolChain. It will be marketed by DNV GL, Grant Thornton, PwC, Deloitte, and a host of others.

To help firms digitize and increase how efficient sustainable business practices will be, yesterday, the VeChain Foundation announced a sustainability solution. Based on the BaaS (Blockchain-as-a-Service) platform VeChain ToolChain, the solution will provide better supply chain transparency to show the implications for lawmakers and regulators.

VeChain Broadened the Supply Chain Expertise

VeChain’s latest sustainability solution is focused on creating a value-based model for firms to streamline sustainable practices when it comes to manufacturing and the supply chain. Based on the official announcement, the new solution is created to give companies the capacity to share sustainable practices with consumers, regulators, and lawmakers.

Based on the name VeChain, the key focus of VeChain’s technology is in the supply chain industry. However, it was not until now, that supply chain solutions started to gain more recognition and are often the focus on consumers. The goal is to allow them to track the supply chain. This new sustainability solution offered by VeChain is based on VeChain’s ToolChain despite having a different target audience.

The solution offers firms white-label solutions and customizable tools that help them implement services for better sustainability. The key sustainability value propositions of VeChain’s ToolChain include consumer and brand trust, transparency, unalterable proof of a green supply chain, and consistency of information.

VeChain Wants to Bring Blockchain Technology to all Sectors of Business

The data collected on sustainable initiatives by VeChain’s ToolChain in the supply chain can help firms cut down the cost of publicly reporting government regulation. It also reduces the cost of a sustainable rating service and a certificate for responsible financing. Additionally, through VeChain’s global partner network, firms will gain access to leading third-party services in the world including DNV GL, Grant Thornton, PwC, Deloitte, and more. This will greatly reduce the cost of certification, auditing, insurance, and other supply chain financial services.

VeChain is the world’s leading enterprise-friendly platform. It shares a similar vision with businesses for the future of green businesses. The network has accumulated the necessary know-how and has refined technology with several proven cases in businesses in different sectors. Collaborating with entities like PwC and DNV GL, VeChain is looking to bring Blockchain tech to businesses in all sectors.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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