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Unveiling Vechain’s ‘Web3 For Better’ Sustainability Whitepaper, Co-Developed with Boston Consulting Group

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San Marino, San Marino–(Newsfile Corp. – April 3, 2023) – Vechain recently launched its new sustainability-focused whitepaper (summarised here), co-developed with Boston Consulting Group, entitled ‘Web3 For Better’. In it, Vechain outlines a comprehensive vision for achieving sustainable development by building a ‘Blockchain Biosphere’ – a modular series of ‘ecosystems’ consisting of stakeholders, from individuals to enterprises, tackling specific sustainability challenges that utilise ‘nudge economics’ to drive desired outcomes.

Figure 1: Unveiling Vechain’s ‘Web3 For Better’ Sustainability Whitepaper, Co-developed with Boston Consulting Group

Vechain is well known for its commercial blockchain solutions, built for some of the world’s largest enterprises. By partnering with BCG, Vechain will leverage their expertise and reputation in the ESG/sustainability field and tap into a vast client network looking to spearhead a green revolution using blockchain.

Blockchain Biospheres Approach to Sustainability

Vechain’s Blockchain Biosphere is the evolution of earlier concepts such as Vechain’s Carbon Credit DApp where drivers of electric vehicles could upload journey data and have their carbon offset calculated by smart contracts. Vechain later launched an updated version in San Marino following an invitation by the San Marino government to help it become the world’s first carbon neutral country.

By leveraging the transparency and provenance capabilities of blockchain, Vechain’s blockchain biospheres factor in the ‘positive externalities’ of consumer decision-making such as the ethics or sustainability of a good or service. By doing so, Vechain is redefining value by incorporating the idiosyncrasies of individuals often excluded from legacy valuation models. Companies generate better brand stickiness and consumers gain trust in products, helping to create an ecosystem of engagement. Vechain introduces a powerful way to drive sustainable behaviour by creating direct relationships between ecosystem partners who can leverage web3 technologies to offer new ways to engage with their communities. 

Powerful Tools Enable the Future of Sustainability

Vechain’s new sustainability ecosystems will be enabled by powerful new tools, such the imminently launched Web3-as-a-service platform, VORJ.

VORJ was built to help ‘Web2’ businesses quickly and easily deploy Web3 services. The platform allows users to simply click, compile and deploy solutions via a simple and friendly UI, creating fungible/non-fungible tokens, minting OpenZeppelin compatible smart contracts or other products with minimal technical knowledge requirements. In doing so, Vechain removes a large obstacle for businesses looking to build blockchain-powered solutions.

VeWorld, Vechain’s powerful new Web Wallet (mobile and desktop versions coming Q3) also offer game-changing features such as URL-based fee delegation – allowing individuals to use Vechain’s blockchain without paying transaction fees, thus removing a key obstacle to adoption.

Other key technical upgrades include the recently deployed carbon footprint explorer, an official sustainability-focused NFT marketplace, data oracles, a DAO development framework and deployment of popular Ethereum tools, including Hardhat and Remix, with many more in the works.

Adoption Through System Integrators

A key adoption vector for Vechain is system integrators. A dedicated team is focused on working with ERPs to integrate Vechain’s web3-as-a-service products and drive adoption at global scale.

This approach, in tandem with an extensive network of strategic partners, places Vechain at the helm of enterprise blockchain development, and aims to see Vechain thrive as a core player in the Web3-sustainability revolution.

About Vechain

Vechain, headquartered in San Marino, Europe, is the curator of VechainThor, a world leading smart contract platform spearheading the real world adoption of blockchain technology.

Through leveraging the capabilities of ‘trustless’ data (information without intermediaries), smart contracts and IoT technologies, VechainThor has enabled solutions across a wide array of fields. Vechain now turns its attention to the greatest challenge of all – building digital ecosystems to drive sustainability and digital transformation at global scale.

Visit https://www.vechain.org to learn more.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/160806

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase

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MicroStrategy has increased its Bitcoin holdings to 214,400 BTC with a recent purchase of $7.8 million worth of the cryptocurrency. This move further solidifies MicroStrategy’s position as a major institutional holder of Bitcoin and demonstrates its continued bullish outlook on the digital asset.

MicroStrategy, a publicly traded business intelligence firm, has been actively accumulating Bitcoin as part of its treasury strategy, viewing the cryptocurrency as a long-term store of value and hedge against inflation. The recent purchase of $7.8 million worth of Bitcoin adds to the company’s already substantial holdings, reaffirming its confidence in the future potential of the digital currency.

MicroStrategy’s ongoing accumulation of Bitcoin reflects a broader trend of institutional adoption and investment in the cryptocurrency space. As more companies recognize the value proposition of Bitcoin as a hedge against economic uncertainty and fiat currency devaluation, they are increasingly allocating funds to acquire and hold the digital asset.

Overall, MicroStrategy’s decision to boost its Bitcoin holdings with a $7.8 million purchase underscores the company’s conviction in the long-term viability and potential of Bitcoin as a strategic asset. This move is likely to further encourage other institutions to explore Bitcoin as a component of their investment portfolios, driving continued growth and adoption in the cryptocurrency market.

Source: crypto.news

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Blockchain

Pollbits Redefines Crypto Trading Standards with Industry-Leading Features and Services

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PollBits is redefining crypto trading standards with its industry-leading features and services. This platform is making waves in the cryptocurrency trading space by offering innovative solutions and setting new benchmarks for excellence.

PollBits stands out from other crypto trading platforms by introducing cutting-edge features and services that cater to the needs of traders and investors. By prioritizing user experience and functionality, PollBits is enhancing the trading experience and empowering users to make informed decisions in the dynamic cryptocurrency market.

PollBits’ commitment to excellence and innovation is driving its success and setting it apart as a leader in the industry. With its focus on providing industry-leading features and services, PollBits is positioning itself as a go-to platform for traders seeking a reliable and user-friendly trading experience.

Overall, PollBits’ redefinition of crypto trading standards underscores the rapid evolution and maturation of the cryptocurrency industry. As platforms like PollBits continue to push the boundaries of innovation, traders and investors can expect greater accessibility, transparency, and efficiency in cryptocurrency trading, ultimately contributing to the growth and adoption of digital assets worldwide.

Source: cryptonews.com

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Blockchain

Fantasy Metaverse Darklume – Presale is LIVE

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The presale for Fantasy Metaverse Darklume is now live. This development marks a significant milestone for the project, signaling its progression towards launch and the realization of its vision for a fantasy-themed metaverse.

Fantasy Metaverse Darklume aims to create an immersive virtual world inspired by fantasy themes, offering users the opportunity to explore, interact, and engage with others in a digital environment. The presale phase represents an early opportunity for participants to acquire tokens associated with the project, potentially securing access to exclusive benefits or privileges within the metaverse once it is fully operational.

The launch of the presale underscores the growing interest in metaverse projects and their potential to redefine how people interact and socialize in virtual spaces. As the concept of the metaverse continues to gain traction, initiatives like Fantasy Metaverse Darklume are poised to play a significant role in shaping the future of digital experiences and entertainment.

The presale for Fantasy Metaverse Darklume represents an exciting opportunity for investors and enthusiasts to get involved in a promising project at an early stage. As development progresses and the metaverse evolves, participants can look forward to a new realm of immersive experiences and creative possibilities in the digital landscape.

Source: the-blockchain.com

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