VeChain Partners with AWS for Nationwide Carbon Management Services

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Neither the author, Tim Fries, nor this website, The Tokenist, provides financial advice. Please review our website policy before making any financial decisions.

Blockchain-based carbon accounting SaaS platform VeCarbon announced that it has partnered with Amazon Web Services (AWS) to improve the platform’s scalability, analytical capabilities and security. The move comes as VeCarbon focuses on improving its storage and analytics solutions as its platform is expected to generate huge volumes of data in the coming years.

AWS becomes VeCarbon’s technical partner

VeCarbon, an accounting software-as-a-service (SaaS) platform powered by the public blockchain VeChainThor, announced that it has partnered with Amazon Web Services (AWS) to enable and innovate carbon management services at the International scale. The partnership comes after VeCarbon showed numerous successful use cases for its solutions in different industries and applications.

Amazon Web Services has now become VeCarbon’s technical partner, hoping to help VeCarbon in its mission to provide blockchain-powered carbon management services to countries and continents. VeChain expects its platform to produce substantial volumes of data in the coming years, which will require massive storage and analytics offerings. Launched earlier this year, VeCarbon expects AWS to play a significant role in realizing these capabilities, thanks to its sophisticated cloud services platform and technical experience.

Launched last year, VeCarbon aims to create a carbon-neutral digital infrastructure using advanced blockchain technology and proven MRV solutions for carbon emissions. The platform currently offers innovative carbon asset management services for a variety of clients including businesses, governments, and factories.

Thanks to its industry experience and the blockchain solutions provided by VeChainThor, VeCarbon’s platform provides its customers with the tools and services needed to achieve low-carbon transformation and the Sustainable Development Goals (SDGs). High carbon emissions represent one of the most pressing issues facing the world today, urging thousands of companies and organizations to change their business models to reduce CO2 emissions.

Earlier this year, The Tokenist reported that Bitcoin mining accounts for 0.08% of global CO2e emissions. Additionally, congressional Democrats released a study last month showing that U.S. crypto miners consume as much energy as almost any home in Texas.

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What are VeCarbon’s main needs to accomplish its mission?

Shanghai Tanlian Technology, the company behind VeCarbon, faces big hurdles to develop a complete SaaS solution that meets multiple needs and business scenarios. One of the most critical requirements for VeCarbon to continue providing high-level carbon management services is computing power, as standardized carbon products face immense “multi-source, time-to-market access needs”. real and quasi-periphery”.

Another equally important aspect is security and stability. In providing carbon management services to its corporate clients, “data storage and security become critical topics to consider.”

Shanghai Tanlian’s Executive Director of Business Strategy, Gong Diyun, said corporate clients place “tremendous importance on privacy and data security. While helping these customers analyze carbon data, we must also protect the security of customer information. »

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Do you think AWS will play a crucial role in helping VeCarbon achieve its mission? Let us know in the comments below.

About the Author

Tim Fries is the co-founder of The Tokenist. He has a B.Sc. in Mechanical Engineering from the University of Michigan and an MBA from the University of Chicago Booth School of Business. Tim was a senior partner on the investment team in the US Private Equity division of RW Baird and is also a co-founder of Protective Technologies Capital, an investment firm specializing in detection, protection and control solutions.

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