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- VeChain demonstrated its innovative digital carbon management platform, VeCarbon, at the AWS China Summit, emphasizing its role in sustainable global business expansion.
- The integration of VeChain’s solutions with AWS technology highlights its readiness to lead the sustainability industry.
According to an update on VeChain’s official website, the company recently took center stage at the Amazon Web Services (AWS) China Summit Energy Forum in Shanghai. This prominent event within the energy sector showcased how cloud services and generative AI can propel enterprises towards not only global expansion but also towards achieving zero-carbon and sustainable development goals.
Digital Carbon Management in Focus
During the summit, VeChain, a key participant and collaborator with AWS, introduced its comprehensive digital carbon management solution, VeCarbon. Tian Xinli, VeChain’s Senior Director of Pre-Sales and Solutions, provided insights into the platform, specifically designed to facilitate carbon compliance for China’s battery and Carbon Border Adjustment Mechanism (CBAM) industries.
Set to launch on the AWS Marketplace, VeCarbon aims to enhance global accessibility and efficiency in carbon management. Blockchain expert and crypto community influencer, Collin Brown, also highlighted this development in a recent tweet, applauding VeChain’s efforts in fostering sustainable futures.
🌐 #VeChain-powered Shanghai VeCarbon showcased its digital carbon management solutions at the Energy Industry Forum during the #Amazon Web Services China Summit in Shanghai. Collaborating for a sustainable future! 💡🌿 pic.twitter.com/hNyQjm81nF
— Collin Brown (@CollinBrownXRP) May 30, 2024
Strategic Integration and Impactful Solutions
VeChain’s integration with AWS technology utilizes a microservices architecture to deliver robust solutions, including CBAM product carbon accounting and compliance with the new EU battery law carbon footprint requirements. The platform offers:
- One-Stop Professional Service for CBAM Compliance: A streamlined and efficient online system for quick product evaluation and carbon compliance management, crucial for enterprises aiming to export to the EU.
- Comprehensive Carbon Management Platforms: These platforms address the complexities of multi-tier supply chains and rigorous carbon accounting standards, providing transparent carbon footprint management particularly beneficial to the electric vehicle (EV) battery sector.
Despite the technological advancements and positive showcase at the AWS summit, VeChain’s market performance shows some fluctuations. According to a recent CNF update on VeChain Rockets: 10% VET Price Surge Anticipates Tech Summit Showdown, VET’s price has seen a decline of 2.93% over the past day and 2.73% over the past week, currently trading at $0.03419. For the latest price updates, see the updated chart below.