- China’s leading political party recognizes VeChain’s potential for use in tracking carbon sustainability efforts in the beer industry.
- VeChain has been getting other commendations for its energy efficiency and could be poised for a price surge.
The VeChain blockchain mission to provide sustainable carbon management solutions to a wide array of real-world industries has just been given a massive acknowledgment by the Central Committee of the Communist Party of China for its role in revolutionizing the beer brewing industry.
In a report shared on Twitter by popular VeChain influencer ‘eisenreich’ titled “The road to green transformation of the beer industry,” the committee gave its opinion on how the local beer industry can completely, accurately, and comprehensively implement carbon neutralization before 2030.
“For the #lowcarbon transformation of the #beer brewing industry, VeChain’s #sustainable carbon management solution can quantify the environmental protection behavior of each link in the production line and calculate the #carbon footprint of the product’s entire life cycle.” 🍺 pic.twitter.com/JfXtIAJsA3
— eisenreich (@eisenreich) December 8, 2022
In the report, the committee noted that VeChain sustainable carbon management solution can quantify the environmental protection behavior of each stage of the beer production chain. The lightweight network can also calculate the carbon footprint of the entire life cycle of beer in great detail. The report stated.
For the low-carbon transformation of the beer brewing industry, VeChain’s sustainable carbon management solution can quantify the environmental protection behavior of each link in the production line, calculate the carbon footprint of the product’s entire life cycle, and integrate the concept of ‘green production’ into the product,
According to the committee, this will go a long way to complement efforts that brewers are already taking to make beer production in China environmentally friendly. Some of these efforts have been championed by breweries like Budweiser who have launched the first gas-powered and hence renewable energy brewery in the country.
Following the lead of Budweiser, other beer giants like Snowflake, Tsingtao, and Yanjing have also started replacing their coal-powered boilers with gas-powered ones. In addition, the brewers have been working with both upstream and downstream partners including farmers, transporters, and distributors to make sure the entire industry reduces its carbon footprint amid the high demand for beer in the country.
VeChain’s sustainably increasing VET adoption
This is not the first time sustainability is earning VeChain accolades. Previously, the blockchain received a nod from Alexandrs Pavlovics, a senior inspector at the Maritime Administration of Latvia, for being one of the distributed ledger networks that could revolutionize the maritime industry.
VeChain was also commended by top Asian intergovernmental blockchain expert Andy Lian for using less energy than the Bitcoin network uses to mine 1 BTC.
The growing acceptance of the network by sustainably enthusiasts could see VET the native token skyrocket to new price highs. At the time of writing, the token was trading at $0.018, up 0.11% in the last 24 hours.