- The VeChain Biosphere, which launched earlier this year, allows users to develop blockchain-powered solutions for sustainability challenges.
- Sustainability is one of the most profitable sectors today, with clean energy alone attracting $1.1 trillion in 2022, and VeChain is at the heart of blockchain solutions for the sector.
It has become increasingly clear that the future of our planet hinges on our ability to practice sustainability, and with each passing day, this sector is becoming more critical globally. While it was once seen as a political issue, sustainability has become an economic issue, and trillions of dollars are flowing into the sector every year.
According to one report by the Global Sustainable Investment Alliance, over $30 trillion is invested globally annually in sustainable investing assets. The US has been the global leader for decades, but in recent times, other nations are playing their part. The report found that sustainable assets under management in other countries have increased 20% since 2020.
Not only is more money going into sustainability ventures, but sustainable funds are now outperforming their peers. A separate report by Morgan Stanley found that these funds brought in a median return of 10% last year, higher than the market average of 6.4%.
As sustainability takes centre stage, blockchain solutions are taking prominence, none more than VeChain.
VeChain Champions Sustainability
VeChain has cemented its position as the global blockchain for sustainability. Take the VeChain Biosphere, for instance—this framework allows users to develop blockchain-powered solutions for sustainability around the globe.
The #VeChain Biosphere is a framework within which blockchain powered solutions can be developed for #Sustainability challenges around the globe. These solutions, connected with #Web3 technology, will galvanise the collective action required to overcome today’s challenges$VET pic.twitter.com/UULPusK3jL
— Splendid.vet Ⓥ (@SplendidMite) September 2, 2024
Then there’s VeBetterDAO, the ultimate sustainability ecosystem on VeChain. As we reported, the DAO has now hit two million transactions in just nine weeks, proving that the world is ready for blockchain solutions in the existential fight for our collective future.
Last week, SolarWise announced that it would integrate VET into its ecosystem. The company opens its first solar farm in Brazil later this month to push for renewable energy, and it wants to integrate VET as the utility token, shelving plans to have its own SUN tokens.
According to VeChain’s Communications Lead Jake C., the DAO is “uniquely focused on tackling this very real, and very large economic opportunity.”
Quietly, sustainability became one of the fastest growing, and most profitable economic sectors in the world.
– Clean energy investments in 2022 – $1.1Trillion.
– Sustainability-related US investments in 2020 – 1/3 of ALL assets under management.
– ESG investing in Q4 2020 -… pic.twitter.com/Um5dQvtl3e
— Jake | VeChain ⓥ (@solomon_grundle) August 28, 2024
Jake took to X to break down how the DAO is the industry’s best solution, noting:
On-chain sustainability proofs, supply chain data, digital passports, phygitals and more combine to offer the business world the perfect toolkit for dealing with the challenges of ‘proving sustainability’. Regulators in the EU and US continue to push businesses toward novel technologies to meet strict reporting demands, and VeChain’s leading consulting partners continue to open doors to those entities – a perfect storm for adoption.
