• The VeChain Foundation is leveraging the VeChain blockchain to address the United Nations’ (UN) 17 sustainable development goals (SDGs).
• VeChain’s supply chain ecosystem projects enable blockchain-based ethical resourcing, health, and financial empowerment projects.
• VeChain’s roadmap for 2023 and early 2024 will focus on implementing sustainability-focused improvements including launching a Carbon footprint explorer.
The VeChain Foundation has announced that it will be utilizing the VeChain blockchain to address the United Nations’ (UN) 17 sustainable development goals (SDGs). The Foundation notes in an accompanying blog post that the sustainability-focused digital ecosystems it is building also empowers people as it gives new value to data and drives positive social outcomes.
The UN’s SDGs cover a range of sustainability topics, including poverty, hunger, health, education, clean water and sanitation, clean energy, decent work and economic growth, sustainable cities, and responsible consumption. To address these pressing sustainability issues, VeChain has built and is building blockchain solutions that enable blockchain-based ethical resourcing, health, and financial empowerment projects. These projects are helping global brands, regulators, and consumers access tamper-proof records of origin, movement, and authenticity, leading to greener cost-effective production and supply chains, and better health outcomes.
VeChain’s roadmap for 2023 and early 2024 will continue to focus on implementing sustainability-focused improvements. These include launching a Carbon footprint explorer to provide real-time analysis and insights into the carbon footprint of a product’s journey from the manufacturing stage to the consumer’s doorstep, as well as building blockchain-based solutions to support sustainable food production and supply chains. The VeChain Foundation also plans to introduce a range of new projects such as a carbon banking system and a sustainable finance platform.
The VeChain Foundation believes that its blockchain-powered digital ecosystems will ultimately align with achieving the UN’s SDGs. The Foundation is confident that its advancements in blockchain technology will create a more sustainable future and lead to a better world.