VeChain and Shanghai Environment Exchange: A Dynamic Duo for Carbon Neutrality Success

• VeChain is celebrating the success of Shanghai Tanlian Technology Co., Ltd., the company behind VeCarbon, for its work in promoting the goal of carbon neutrality.
• Amazon Cloud Technology is also working with the company to build and promote tools for carbon neutrality.

Shanghai Tanlian has recently celebrated receiving a letter from the Shanghai Environment and Energy Exchange (referred to as the Shanghai Environmental Energy Exchange). In the letter, the company highlighted the success achieved between the two firms in their efforts to achieve carbon neutrality. The recent letter thanked the company for promoting China’s goal of carbon neutrality.

With this letter, the Shanghai Environmental Energy Exchange has expressed its intention to continue working with VeChain to achieve carbon neutrality.

In particular, the two organizations are focusing on the food industry, transportation, and other key industrial sectors. Powered by VeChain, the tools encompass carbon emission management systems, carbon footprint management systems, carbon reduction and management systems, and green, low-carbon ecosystems.

Shanghai Tanlian Technology Co., Ltd., the company behind VeCarbon. Established in 2021, the VeChainThor public blockchain aims to deliver blockchain-based carbon management services. Since its inception, the company has piloted several successes partnering with several companies, such as Deloitte China, Accenture, PwC China, Capgemini China, NTT DATA, Boss Cloud, Centific, Changhong IT, Ecorod, InnoBlock, Carbon Trust, TUV Rheinland, Miaoying, Zhiding, Goldwind, Hanlin Yixun, and Zhixin Yuanjing.

One of the most notable collaborations is Amazon Web Services which has become a technical partner, helping enable VeCarbon’s grand ambitions. Building upon this, Amazon Cloud Technology recently announced its Sustainable Development Partner Program to build applications and tools to promote the green transformation of enterprises.

Amazon Cloud Technology recently announced its Sustainable Development Partner Program to build applications and tools to promote the green transformation of enterprises.

Shanghai Tanlian was in the first batch of partners to join the program. #VeCarbon#VeChain $VET #ESG pic.twitter.com/Lp8XVxC36h

— eisenreich (@eisenreich) June 28, 2023

One of VeChain’s key goals is enabling businesses to achieve green transformation and sustainable development through energy and carbon management consulting, measurement, and ESG reporting.

As CNF recently reported, VeChain has teamed up with the Boston Consulting Group (BCG) to harness blockchain technology’s potential. This strategic alliance is marked by collaborative efforts, including joint whitepapers, dedicated project funding, organized hackathons, and strong advocacy for sustainable practices.

At the time of press, VeChain’s native token, VET, has in the past 7 days impressed with a remarkable 51% surge. At the time of writing, VET is up by nearly 2% and is trading for $0.04523.

Late last year, a prominent crypto analyst forecasted VET to reach $1 based on investor interest. VeChain has been known to do 188x in a bull cycle, and according to one analyst, it’s one of the tokens set to implode in this bull market despite being one of the ‘old coins.’ The token has been in two cycles, the first as an ERC-20 token (VEN) and then as a standalone project (VET); the analyst says it’s due to a third surge, which could surpass 5,000%.

Ali Martinez has also shared a similar outlook, predicting a 1480% increase for VET by the end of the year, reaching a price of $0.7.

It feels like it will be a big week for #VeChain! If history repeats itself, $VET could be looking at a move to $0.054 this week, a brief correction until June, and then a bull run to $0.70 by November! pic.twitter.com/wTdPW34NNH

— Ali (@ali_charts) February 14, 2024