VeChain is celebrating the success of Shanghai Tanlian Technology Co., Ltd., the company responsible for VeCarbon, for its efforts in promoting carbon neutrality. Additionally, Amazon Cloud Technology is collaborating with the company to develop and promote tools for achieving carbon neutrality.
Shanghai Tanlian recently received a letter from the Shanghai Environment and Energy Exchange, acknowledging the successful partnership between the two organizations in their pursuit of carbon neutrality. The letter expressed gratitude to the company for its contribution to China’s goal of carbon neutrality and stated the exchange’s intention to continue working with VeChain.
The focus of their collaboration lies in the food industry, transportation, and other key industrial sectors. Powered by VeChain, the tools include systems for managing carbon emissions, carbon footprints, carbon reduction, and green, low-carbon ecosystems.
Shanghai Tanlian Technology, the company behind VeCarbon, was established in 2021 and aims to provide blockchain-based carbon management services through the VeChainThor public blockchain. The company has already achieved success through partnerships with various firms, including Deloitte China, Accenture, PwC China, Capgemini China, NTT DATA, Boss Cloud, Centific, Changhong IT, Ecorod, InnoBlock, Carbon Trust, TUV Rheinland, Miaoying, Zhiding, Goldwind, Hanlin Yixun, and Zhixin Yuanjing.
Notably, Amazon Web Services has become a technical partner, supporting VeCarbon’s ambitious goals. In line with this partnership, Amazon Cloud Technology recently launched its Sustainable Development Partner Program to develop applications and tools for promoting the green transformation of enterprises. Shanghai Tanlian was among the first partners to join this program.
VeChain’s primary objective is to enable businesses to achieve sustainable development and green transformation through energy and carbon management consulting, measurement, and ESG reporting. The company has formed a strategic alliance with the Boston Consulting Group (BCG) to leverage the potential of blockchain technology. This partnership involves collaborative efforts such as joint whitepapers, project funding, hackathons, and advocacy for sustainable practices.
As of the latest update, VeChain’s native token, VET, has experienced an impressive 51% surge in the past 7 days. At the time of writing, VET has risen by nearly 2% and is trading at $0.04523.
Last year, a prominent crypto analyst predicted that VET could reach $1 based on investor interest. VeChain has previously demonstrated significant growth during bull cycles, and according to the analyst, it is poised for a third surge that could surpass 5,000%.
Another analyst, Ali Martinez, has a similar outlook, forecasting a 1480% increase in VET’s price by the end of the year, reaching $0.7.
In conclusion, VeChain is experiencing positive developments in its pursuit of carbon neutrality, with collaborations with Shanghai Tanlian and Amazon Cloud Technology. The company’s native token, VET, has also shown impressive growth, attracting the attention of analysts who predict further increases in its value.