Boston Consulting Group has signed a new agreement with VeChain to incorporate blockchain technology in building a greener and more sustainable future.
Consulting firm Boston Consulting Group announced a new partnership with blockchain company VeChain, focused on supply chain optimization and sustainability, to explore the potential and innovation that blockchain has in building a greener future.
Both companies have a vision to develop sustainable blockchain-based solutions that will improve processes in various industries, including supply chain, textiles, food and agriculture.
Motivating collective action with blockchain technology
During the annual meeting of the World Economic Forum, which was held recently in Davos, Switzerland, the Boston Consulting Group firm highlighted the need to forge a more sustainable future, integrating a technology that is highly efficient, transparent and immutable like the blockchain.
According to the firm, incorporating blockchain into sustainable practices, as well as creating new solutions and tools based on this innovation, will help improve sustainability and environmental conservation, by providing a high level of transparency and immutability that will forge the responsibility of the parties involved.
From its X account (formerly Twitter), VeChain emphasized that its goal will be to motivate collective action, in order to demand responsibility in protecting the environment.
Blockchain developers highlighted how technology has been facilitating the construction of a circular economy that seeks to optimize the use of resources, reduce waste and thereby minimize environmental impact.
VeChain is an innovative enterprise-grade blockchain that focuses on making the supply chain more efficient and traceable and optimizing the internal processes of companies in any industry.
A strategic partner with more than 60 years of experience
The new agreement announced at the meeting in Davos is not the first that the Boston Consulting Group and VeChain have concluded. In fact, in March of last year, both companies announced a strategic collaboration that would help the consulting firm boost its global sustainability program using VeChain 3.0 technology.
In 2023, Boston Consulting Group became Global Strategic Partner VeChain, to contribute its experience and reach to accelerate the sustainable revolution and digital transformation in the world.
VeChain is approaching $0,30
VeChain’s VET price is approaching the $0,296 mark, according to CoinMarketCap. The cryptocurrency is trading at around $2,2 at the time of writing, registering a 7% increase over the past XNUMX days.
Source: CoinMarketCap
The price of this cryptocurrency has been recovering after the announced collaboration between the consulting firm and the blockchain.
In addition to this agreement, VeChain also announced a recent partnership with Chinese multinational XCMG Group, which is focused on promoting sustainability in the heavy machinery manufacturing industry.
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