After showcasing its technological capabilities with VET 1.0 and VET 2.0 enterprise-grade protocol, VeChain has now launched the whitepaper for its subsequent iteration, VET 3.0. The discharge of the whitepaper was finished together with international administration agency Boston Consulting Group (BCG), a transfer that showcased the protocol’s intentionality to advance its international footprint.
Our new whitepaper launched at The HiVe in shut collaboration with Boston Consulting Group, our new international associate.
With BCG’s huge attain & experience, plus #VeChain‘s superior #blockchain tech, we’re driving a #sustainability revolution with $VET.
See: https://t.co/BEocXkVQMn pic.twitter.com/D9MV70vIb7
— VeChain Basis (@vechainofficial) March 5, 2023
The 72-page whitepaper is full of an in depth roadmap on what the main focus of the VeChain protocol will probably be for the following few years, and the core message right here hinges on sustainability. Based on the whitepaper, VeChain will develop initiatives to empower people with the fitting data to hitch the sustainability agenda.
The protocol stated will probably be specializing in considerate collaborations throughout the board, with quite a lot of recognized initiatives additionally set for municipalities.
“Small particular person efforts, issues like decreasing private meals waste, will probably be multiplied throughout the neighborhood. For example, our blockchain options will probably be built-in with municipal initiatives to assist folks donate meals that’s about to run out. We are able to then observe the discount in meals waste at scale. And that is however one, small instance,” the whitepaper reads.
Broader quest for sustainability
VeChain may need pledged full allegiance to sustainability practices over the following few years by its new whitepaper, however technically, the broader Web3.0 ecosystem is pivoting on this regard.
As soon as powered by the proof-of-work (PoW) consensus mannequin, Ethereum was at all times getting backlash, being labeled noncompliant with Environmental, Social and Governance (ESG) requirements, a transfer that many say will largely maintain institutional traders away.
Ethereum thus made the aware effort to transition to the proof-of-stake (PoS) system, and as such, it’s greater than 99% extra power environment friendly than Bitcoin. Similar to Ethereum, different protocols are persevering with to concentrate to initiatives which can be serving to to handle their carbon emissions/footprint.