VeChain introduced a new blockchain-enabled sustainability solution to power the “Green Business” for enterprises as the consumer behavior shift towards sustainable products as we are reading more in the VechainThor news.
The consumers are shifting towards sustainable products because of climate change and companies are also looking to integrate a sustainable approach to their business. The market-leaders such as Adidas, Nike, Amazon, and H&M are placing sustainability as the first choice of global product and marketing strategies.
To help the companies boost efficiency for sustainable business practices, Vechain introduced a new blockchain-enabled solution that will lead enterprise-friendly blockchain platforms, which is built on the one-stop data Blockchain as-a-service platform VechainToolChain. The research by the World Economic Forum showed that the risks for companies will grow because of both the direct impacts of climate change on business operations and supply chains as there are corresponding demands for transparency on sustainable activities.
In the meantime, most of the customers are demanding more products that will be sustainable from brands that show a strong willingness to change their purchasing habits to reduce the negative impact on the environment. These customers are included to purchase products that have a clearly defined sustainability policy. VeChain’s Blockchain-enabled sustainability Solution aims to create a value-driven approach for businesses so streamline sustainable practices during the manufacturing process. Blockchain technology is allowing businesses to showcase their sustainable practices for customers and regulators as well.
The Vechain Blockchain sustainability solution is created on the blockchain-as-a-service platform Vechain ToolChain which is characterized by standardization, flexible payments, and light costs. Vechain ToolChain offers tools and Whitelabel services where most companies can implement their services for the clients. This solution offers:
- Immutable proof for the green supply chain as it provides proven templates for blockchain data processing which cover key stages such as processing, reusing, inspection, and recycling. Brands and retailers can also track their goods easily across the globe.
- The solution ensures that all data will be trustworthy, immutable, and consistent. This will reduce the friction from discrepant information and will enable collaborations in a cost-effective way.
- The transparency by blockchain could also re-engineer sustainable processes by combining digital-based services with field activities. The brands can show sustainable initiatives in the public or to the regulators and then they can enhance trust and brand image.
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