By Curtis Dye
The VeChain Foundation recently made an announcement on their partnership with Boston Consultant Group (BCG), one of the major management consulting companies established in the United States that operates internationally.
VeChain’s potential to “address real-world challenges with a deeper purpose” apparently aroused the eye of international consulting firm BCG, whose Executive Director Dr. Guy Gilliland said that the firm was “enthralled” by VeChain.
BCG: Consulting Powerhouse
With an annual revenue of $11 billion and a staff of 25,000 people working in more than 100 countries, BCG is likely the second-largest global consulting business.
Moreover, the collaboration discovered that the supply chain sector is responsible for more than fifty percent of the hazardous emissions that are produced in the world today and that implementing solutions based on blockchain technology has the potential to cut that percentage by eighty percent.
Also read:A few hours ago, during the HiVe Summit, a Web3-based sustainability event in Las Vegas produced by VeChain, the VeChain Foundation, and BCG announced their cooperation.
VeChain’s Web3 Carbon Market
VeChain has just unveiled its new website and whitepaper in addition to forming a partnership with BCG. Around this time, the summit also revealed VeChain’s ambitions to establish a Web3-based carbon market beginning with the manufacture of the 2D nanomaterial graphene and smart contracts.
The global supply chain sector may benefit from the use of blockchain technology, which is provided by the VeChain blockchain and cryptocurrency ecosystem. VeChain (VET) and VeThor (VTHO) are their primary cryptocurrencies. According to CoinGecko, they are rated 36th and 326th, respectively.
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