VeChain has announced a new blockchain initiative designed to help businesses openly track and report their carbon emissions data.
Supply chain management platform VeChain has announced a new service for combining businesses to overhaul their carbon footprint data management practices.The new service, detailed in a Medium post on Thursday, 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 blo
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