crypto-news-flash.com
- Wov Labs has partnered with Empoli FC to integrate blockchain-powered digital passports into their jerseys by leveraging VeChain’s blockchain.
- Through “Digital Product Passports,” blockchain technology enables secure, transparent tracking of materials and carbon emissions, aiding businesses in regulatory compliance.
In the latest development, Wov Labs announced its partnership with Italian soccer club Empoli FC and will directly integrate the digital passports into their Jersey. As a result, Wov Labs will leverage the NFT technology along with the VeChain blockchain. This development comes at an interesting time as Europe embraces the Ecodesign for Sustainable Products Regulations (ESPR).
Furthermore, “Digital Product Passports” are set to become the new European Standards while unleashing the blockchain’s role in creating secure, transparent product histories, which is growing in importance. The technology lets users track almost everything from the origin of the materials to carbon emissions, thereby empowering consumers to make informed choices and supporting sustainability.
Blockchain-based systems are very useful for businesses as they facilitate instant audits by simplifying regulatory compliance along the road. Additionally, blockchain-based systems help combat greenwashing, thereby leading to increased efficiency and cost savings.
The recent partnership between Wov Labs and Empoli FC demonstrates how blockchain can drive mass adoption, thereby integrating Web3 technology into everyday life. The collaboration marks a significant step towards the broader adoption of blockchain in industries, highlighting the potential for future innovation and consumer empowerment.
Congratulations, once again, to @wovlabs_com for their groundbreaking partnership with @EmpoliFC, which is bringing digital passports directly into soccer jerseys!
This innovation, powered by NFC and VeChain’s blockchain, is perfectly timed as Europe embraces the Ecodesign for… pic.twitter.com/qaBS6hnU1S
— VeChain (@vechainofficial) September 4, 2024
VeChain and Digital Product Passports
With the goal of promoting digital asset ownership, Vechain has joined hands with Wov Labs to introduce blockchain-powered digital passports. This innovative collaboration enhances transaction security while offering users exclusive benefits through NFTs, reported Crypto News Flash.
Additionally, VeChain has been exploring multiple different frontiers to expand its footprint in the Web3 space and build sustainable solutions for the future. Thus, it’s positioning itself as a go-to blockchain network for different sustainability solutions. A prime example is the VeChain Biosphere, a framework that enables users to create blockchain-powered solutions addressing sustainability challenges worldwide.
Another notable initiative is VeBetterDAO which has already clocked an important milestone of 2 million transactions in just nine weeks while demonstrating growing global readiness for blockchain solutions in the critical fight for a sustainable future, reported CNF.
In August, the VeChainThor DAO platform achieved a significant milestone, with daily transactions exceeding 1 million. Notably, VET and VTHO gained Coinbase support for New York users, alongside the announcement of a strategic partnership with the Crypto Carbon Rating Institute, reported CNF. Additionally, VeChain’s presence in real-world assets (RWA) and the Internet of Things (IoT) has also been growing swiftly.