VeChainStats Launches Carbon Calculator, Bolstering Vechain’s Role In The Digital-Sustainable Revolution
Reliably tracking carbon emissions has proven to be an incredibly difficult task — one of the key challenges is harmonising each contributing factor for a given emission value. With the advent of blockchains, humanity finally has the power unite and synthesise these data in a transparent and secure manner.
VeChainStats recently launched their carbon calculation tool, developed in consultation with globally renowned consultation and certification experts, DNV. The carbon calculator allows users and enterprises to calculate the emissions of their blockchain-based activities, offering a robust base from which to build carbon calculating methodologies to track upstream and downstream emissions.
With the launch of this new tool, vechain takes a major step towards its future as the global platform of sustainability objectives. Check it out here!
New Times, New Tools
VeChainStats’ carbon calculator considers 34 variables, including emissions data from Cloud providers, their premises, local geographies and factors such as how many Authority Masternodes nodes are run in local instances. Future iterations of the calculator will be become dynamic, based on real-time values as recording capabilities become more advanced.
The tool allows vechain to quantify the lifetime emissions of the VechainThor blockchain, mitigate its historical carbon footprint and create a negative carbon platform.
Environmental At The Core
The carbon calculator marks a major moment for VeChain’s sustainability aspirations. The tool allows vechain to implement a variety of that support a highly efficient blockchain environment.
For example, when transacting, VechainThor will be able to automatically select the least carbon intensive smart contract to achieve a desired outcome. The VeWorld Web Wallet, which will soon have the calculator integrated, will be able to communicate directly with VeChainStats to verify the contract’s carbon intensiveness prior to broadcasting a transaction.
The ability to accurately record carbon emissions can also lead to carbon cost quantification based on global carbon market data. In this manner, we will also introduce the ability to create financial tools based on carbon emissions reductions and build incentivised ecosystems such as the ‘Digital Biosphere’ concept launched with our new global partner, Boston Consulting Group.
Building The Future on VeChainThor
VechainThor continues making strides towards fulfilling its objectives as the blockchain platform for sustainability. Alongside competent builders such as VeChainStats and expert guidance of consultants like DNV and BCG, Vechain continues to lay the foundations of a truly sustainable global economy.
Join our journey as we continue deploying ever-more powerful tools that are enabling real-world adoption of blockchain applications. We’re incredibly excited to be building the future.
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.