- Sustainability is getting more and more investment every year, in the order of trillions of dollars
- VeChain Biosphere becomes at the center of the blockchain-based sustainability sector
- SolarWise integrates VET as a utility token for its solar farm in Brazil
Sustainability is receiving a record amount of investment, and VeChain Biosphere, which was launched earlier this year is acting as a key player in this.
VeChain Biosphere empowers users to develop solutions to sustainability challenges using blockchain technology, which has proven to be a great fit.
Why Sustainable Development Is a Big Issue?
Sustainable development is becoming more and more acute in several key challenges facing all of humanity.
Individual reports also show impressive numbers, with one report from the Global Sustainable Investment Alliance in particular estimating that more than $30 trillion is invested in sustainable investment assets globally each year. The U.S. has been the leader for decades, but sustainable assets under management in other countries have increased by 20% since 2020.
Growing awareness of this is attracting record investment in select sectors, as clean energy has attracted $1.1 trillion in 2022.
The Morgan Stanley report also showed that even more impressive numbers than sustainability ventures are shown by sustainable funds, yielding an average return of 10% last year, with a market average of 6.4%.
Blockchain technology has many applications, fundamentally improving related sectors like secure data exchange, supply chains, and more.
VeChain Biosphere, which was launched earlier this year, is becoming at the center of this sector, allowing users to develop blockchain-based solutions to sustainability challenges.
Sustainability from VeChain
The VeChain platform provides a framework for developing blockchain solutions aimed at the sustainability sector, and the VeBetterDAO ecosystem has reached two million transactions in just nine weeks, proving the relevance of the platform.
For example, SolarWise is opening its first solar farm in Brazil later this month and is looking to integrate VET as a utility token, postponing plans for its own SUN token position.
According to VeChain’s Communications Lead Jake C., the DAO is “uniquely focused on tackling this very real, and very large economic opportunity.”
Jake added:
“On-chain sustainability proofs, supply chain data, digital passports, physicals, 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.”
Conclusion
Blockchain technology in solving real-world problems is becoming a big trend gaining more and more relevance, just as tokenization of real assets is starting to lead the crypto industry.
All of this suggests that regardless of market fluctuations, but blockchain and crypto are not going to lose their relevance, which means their price should also be increasingly correlated with applications.
It looks like there is an entire crypto sector emerging that we need to pay more and more attention to in the near future.
